Catalyst Metals (CYL) H2 2026 earnings summary

Executive summary

• Achieved record gold production of 104koz from four operating mines, supporting a 39% increase in revenue to A$632m and a 43% rise in net profit after tax to A$171m year-over-year.

• Significant investment in mine development, infrastructure, and exploration, including bringing Trident open pit and Keillor underground into production and progressing approvals for Old Highway and Cinnamon.

• Ended FY26 debt-free with A$331m in cash and bullion, and expanded undrawn credit facilities to A$200m post-year-end, providing total liquidity of A$531m.

Financial highlights

• Revenue increased 39% to A$631.9m; EBITDA rose 57% to A$302.7m; profit before tax up 59% to A$242.7m; net profit after tax up 43% to A$171.1m year-over-year.

• Operating cash flow reached A$277.6m, supporting self-funded growth and exploration.

• Basic EPS increased to 66.25 cents (FY25: 52.27 cents); net assets rose to A$700.1m (FY25: A$470.7m).

• All-In Sustaining Cost (AISC) was A$2,738/oz, below revised guidance.

Outlook and guidance

• Strategy targets ±2Moz Reserves and ±200koz annual gold production for 10 years, underpinned by six mines and ongoing exploration.

• Further ramp-up expected as Trident underground, Old Highway, and Cinnamon come online.