Emerald Resources (EMR) H1 2026 earnings summary

Executive summary

• Achieved half-year profit after tax of $73.1M, up 23% year-over-year, driven by Okvau Gold Mine production and strong gold prices.

• Okvau Gold Mine produced 47,064oz at AISC of US$1,104/oz; gold sales of 43,678oz at US$3,781/oz.

• Maintained FY26 production guidance of 105Koz–120Koz at AISC in line with life-of-mine US$966/oz.

• Significant resource upgrades at Memot (1.70Moz) and Dingo Range (1.41Moz) projects.

Financial highlights

• Sales revenue rose 7% to $252.5M; EBITDA increased 13% to $143.1M compared to prior year.

• Net assets improved to $727.4M from $655.4M at June 2025; cash and bullion at $334.9M.

• Operating cash flow of $150.3M; exploration expenditure reduced to $23.9M.

• Earnings per share increased to 11.08c (basic), up from 9.09c.

Outlook and guidance

• FY26 production guidance reaffirmed at 105Koz–120Koz gold, AISC at US$966/oz.

• Ongoing feasibility and development at Dingo Range and Memot, with maiden reserves pending.

• Continued drilling and resource updates expected throughout 2026.