New Murchison Gold (NMG) H1 2026 earnings summary

Executive summary

• Achieved after-tax operating profit of $120.5 million for the half year ended 31 March 2026, reversing a prior year loss of $1.4 million.

• Principal activities included gold mining, project development, and exploration in Western Australia.

• No dividends declared or paid during the period.

• Transitioned to steady-state production at Crown Prince Gold Mine (CPGM) and expanded exploration efforts.

Financial highlights

• Revenue from continuing operations was $201.3 million, with gross profit of $145.3 million for the half year.

• Net profit after tax was $120.5 million, compared to a $1.4 million loss in the prior year.

• Basic earnings per share were 1.113 cents, up from a loss per share of 0.019 cents year-over-year.

• Cash and cash equivalents at period end were $155.6 million, with no debt.

• Net cash from operating activities was $144.3 million, up from negative $0.8 million in the prior year.

Outlook and guidance

• Exploration focus shifted to underground potential at Crown Prince and near-mine targets Lydia and Abbotts.

• Technical work and drilling results at Lydia and Crown Prince East support future resource growth and production pipeline.