Catalyst Metals (CYL) H2 2025 earnings summary

Executive summary

• Achieved a transformative year with a streamlined asset portfolio, strong balance sheet, and clear organic growth pipeline, focusing on the Plutonic Gold Belt in Western Australia.

• Divested Henty Gold Mine in Tasmania and completed the acquisition of Old Highway Gold Project, consolidating Plutonic operations.

• Elevated to the S&P/ASX 300 in March 2025 and S&P/ASX 200 in September 2025, reflecting significant share price uplift.

Financial highlights

• Revenue rose to $453.1m (FY2024: $317.0m); EBITDA surged to $193.1m (FY2024: $62.7m); EBIT reached $154.1m (FY2024: $30.7m).

• Net profit after tax was $119.3m, up from $23.6m in FY2024.

• Basic EPS increased to 52.27 cents (FY2024: 10.69 cents); diluted EPS 50.12 cents.

• Cash and cash equivalents at year-end were $218.1m (FY2024: $30.9m); net assets rose to $470.7m.

• All-in sustaining cost (AISC) across all operations was A$2,495/oz (FY2024: A$2,645/oz); gold sales totaled 107,036 oz at an average price of A$4,238/oz.

Outlook and guidance

• Targeting to double annual gold production to 200,000 oz through the Plutonic hub and spoke model.

• Four new mines (Plutonic East, Trident, K2, Old Highway) to be developed in the next 12–18 months, leveraging existing infrastructure.

• Largest exploration program in 25 years underway, aiming to define a 2Moz reserve and support a 10-year production vision.