Kingsgate Consolidated (KCN) H1 2026 earnings summary

Executive summary

• Revenue for the half-year ended 31 December 2025 rose 108% year-over-year to $283.3 million, driven by higher gold and silver production and strong metal prices.

• Net profit after tax surged to $88.1 million, up 3,491% from $2.5 million in the prior period.

• An interim dividend of 10 cents per share was declared, with no final dividend for the previous year.

Financial highlights

• EBITDA reached $132.2 million, up 321% year-over-year, with an EBITDA margin of 47%.

• Gross profit increased to $120.3 million from $22.1 million in the prior period.

• Basic earnings per share rose to 34.2 cents from 0.95 cents year-over-year.

• Net tangible asset backing per share increased to $1.60 from $1.10.

Outlook and guidance

• All gold and silver production remains unhedged, providing full exposure to future price movements.

• The company is advancing the Nueva Esperanza Silver-Gold Project in Chile, with updated feasibility work and metallurgical testing planned.