Pantoro Gold (PNR) H1 2026 earnings summary

Executive summary

• Achieved consolidated net profit after tax of $56.4M for the half-year ended 31 December 2025, up from $6.6M year-over-year.

• Total revenue rose to $238.6M from $153.4M year-over-year, driven by strong gold production at the Norseman Gold Project.

• EBITDA reached $135.0M, with all profit generated from the Norseman Gold Project.

• Cash and cash equivalents at period end were $189.4M, with 1,203 ounces of gold held at the Perth Mint.

Financial highlights

• Gross profit increased to $85.1M from $15.0M year-over-year.

• Operating cash flows were $128.3M, up from $56.1M year-over-year.

• Investing cash outflows totaled $79.1M, mainly for mine development and exploration.

• Basic earnings per share rose to 14.33 cents from 1.74 cents year-over-year (adjusted for share consolidation).

• Total assets grew to $776.7M from $692.8M at 30 June 2025.

Outlook and guidance

• Focus remains on increasing mine profitability and targeting 200,000 ounces of annual gold production in coming years.

• Ongoing development at Norseman, with plans to bring new ore levels into production and extend open pit operations.

• Exploration and resource development drilling to continue, aiming for further growth and additional underground declines.