Kingsgate Consolidated (KCN) H2 2025 earnings summary

Executive summary

• Achieved a major turnaround with Chatree Gold Mine fully operational, producing 74,661 oz gold and 625,698 oz silver, and net profit of $29.5M for FY2025, up from $4.7M in FY2023.

• ASX reclassified the company as a mining producing entity, reflecting operational ramp-up and efficiency gains.

• Both processing plants exceeded nameplate capacity, with annual throughput of 5.42Mt and plant availability of 95.7%.

• Initiated a share buy-back and began deleveraging by repaying debt facilities.

Financial highlights

• Revenue rose to $336.7M (up from $133.1M in FY2024), EBITDA at $94.5M, and net profit after tax at $29.5M.

• All-in sustaining cost (AISC) for gold sold was US$2,024/oz.

• Cash and bullion increased to $84M, with unrestricted cash at $23.8M.

• Share price at year-end was $2.26, up from $1.62 last year.

• No dividends declared for FY2025.

Outlook and guidance

• FY2026 guidance: 85,000–95,000 oz gold (93,000–103,000 oz gold equivalent) at AISC pre-royalties of US$1,550–1,750/oz.

• Focus on ramping up production, increasing strip ratio to 3.5x, and advancing Nueva Esperanza project in Chile.