Gold Road Resources (GOR) H1 2025 earnings summary

Executive summary

• Net profit after tax for the half-year was $107.0 million, up from $43.1 million year-over-year.

• EBITDA reached $201.8 million, more than doubling from $94.2 million in the prior period.

• Gold sales revenue rose to $349.2 million from $211.7 million, driven by higher sales volume and gold price.

• A scheme of arrangement was announced for acquisition by Gruyere Holdings Pty Ltd, with a Scheme Meeting scheduled for September 2025.

Financial highlights

• Gross profit from operations was $197.6 million, up from $90.2 million year-over-year.

• Basic earnings per share increased to 9.86 cents from 3.98 cents.

• Cash and cash equivalents increased to $232.0 million from $166.3 million at year-end 2024.

• Financial assets at fair value rose to $921.3 million, reflecting market gains and investment changes.

• Total comprehensive profit for the period was $232.7 million, up from $16.6 million.

Outlook and guidance

• Annual gold production guidance for Gruyere maintained at 325,000–355,000 ounces (162,500–177,500 attributable).

• Attributable AISC guidance set at A$2,400–A$2,600 per ounce, with production expected at the lower end and costs at the higher end.