Regis Resources (RRL) H1 2026 earnings summary

Executive summary

• Achieved record statutory net profit after tax of $323M for H1 FY26, up from $88.4M in the prior year, driven by strong operational performance and favorable gold prices.

• Generated record cash flow of $413M and increased cash and bullion holdings to $930M as of 31 December 2025, reflecting a 306% increase over six months.

• Gold production reached 186,917 ounces at an all-in sustaining cost of $2,850/oz, with gold sales of 182,327 ounces at an average price of $5,968/oz.

• Interim fully franked dividend of 15 cents per share declared, totaling $114M.

• Safety performance remained strong with a 12-month LTIFR of 0.34 and no reportable environmental incidents.

Financial highlights

• Gold sales revenue increased 40% year-over-year to $1,088M, with cost of goods sold stable and finance costs down due to extinguished debt.

• EBITDA rose 73% year-over-year to $621M, with an EBITDA margin of 57%.

• Operating cash flow increased 84% to $639M.

• Earnings per share grew 264% to 42.6 cents.

• Net cash and bullion increased 306% to $930M.

Outlook and guidance

• FY26 production and cost guidance remain unchanged: production guidance at 350–380koz and AISC at $2,610–2,990/oz.

• Commercial production at Garden Well Main and Rosemont Stage 3 underground mines is planned for H2 FY26, with steady-state annualized gold production targets of 60–70koz and 40–50koz respectively from FY27.

• Buckingham-Wellington open pit mine life extended, with first ore scheduled for Q4 FY26.

• Tropicana Havana underground project on track for commercial production in early 2027.

• Exploration expenditure guidance increased by $20M due to ongoing drilling success.