Genesis Minerals (GMD) H2 2025 earnings summary

Executive summary

• Achieved record gold production of 214,311oz in FY25, up 59% year-over-year, driven by strong Leonora operations and Laverton mill restart ahead of schedule.

• Completed $250M acquisition of Laverton Gold Project, adding 4Moz resource and enhancing operational flexibility.

• Focused on growth, operational excellence, and sustainability, with significant investments in mine development and exploration.

Financial highlights

• Revenue increased 110% to $920.1M; EBITDA rose 256% to $454.1M; NPAT up 127% to $221.2M year-over-year.

• EPS grew 123% to 20.27c; operating cash flow up 179% to $420.7M; share price up 145% to $4.30.

• All-in sustaining cost (AISC) at $2,398/oz, in line with guidance.

• Net assets increased 22% to $1.25B; cash, bullion & investments at $286.9M.

Outlook and guidance

• Strategic plan targets >400koz annual gold production, with Leonora and Laverton hubs to deliver >300koz pa for 10+ years.

• Growth capital of $124M in FY25; FY26-29 outlook includes $400M growth capital.

• Tower Hill development on track for first ore in FY28; staged mill expansion studies ongoing.