Genesis Minerals (GMD) Q4 2026 TU earnings summary

Executive summary

• Achieved record FY26 gold production of 285,402oz at an AISC of A$2,670/oz, within guidance.

• FY26 gold sales reached 289,328oz at an average price of A$6,009/oz, generating A$1,738.7m in revenue.

• Strong free cash flow and disciplined cost control despite significant growth investments.

• Genesis and Vault agreed to merge, targeting completion in November 2026, aiming to create a Top 20 global gold company.

Financial highlights

• FY26 unaudited underlying NPAT between A$540m and A$550m.

• Underlying cash build for FY26 totaled A$899m before growth and exploration investments.

• Cash and equivalents at 30 June 2026 were A$520.1m; net cash position of A$320.1m.

• Bank debt at A$200m after drawing down A$200m to partly fund the Magnetic acquisition.

• Gold sales for the June quarter were 77,797oz at A$6,175/oz, generating A$480.4m in revenue.

Outlook and guidance

• FY27 stand-alone production guidance: 270,000–300,000oz at AISC A$2,750–3,050/oz.

• Growth capital for FY27 projected at A$380–420m; exploration budget increased to A$80–90m.

• Strategic plan for the merged Genesis-Vault entity to be released in the first half of 2027.