New Murchison Gold (NMG) H2 2026 earnings summary

Executive summary

• Achieved strong operational and financial performance in the nine-month transitional year ending 30 June 2026, driven by the Crown Prince open pit gold mine and commencement of Cloudkicker open pit mine.

• Cash position grew significantly, enabling reinvestment in exploration and project development.

• Updated Mineral Resource Estimate replenished mined ounces and supports feasibility studies for further growth.

• Company changed financial year-end to 30 June for better benchmarking with peers.

Financial highlights

• Revenue of $272 million for the nine-month period, up from $18 million in the prior year.

• Net profit before tax: $182 million; net profit after tax: $146.95 million.

• Net cash from operations: $195 million; cash on hand at period end: $201.7 million.

• No debt or hedging; net assets: $209 million.

• Basic EPS: 1.355 cents; diluted EPS: 1.340 cents.

Outlook and guidance

• Focus on optimising Crown Prince and Cloudkicker open pits and advancing feasibility studies for Crown Prince underground and Lydia open pit.

• Continued aggressive exploration in the Abbotts Greenstone Belt.

• Anticipated completion of feasibility studies for new projects in early 2027.