Regis Resources (RRL) H2 2025 earnings summary

Executive summary

• Achieved record net profit after tax of $254 million for FY25, a turnaround from a $186 million loss in FY24, driven by strong operational delivery and high gold prices.

• EBITDA reached a record $780 million, up 163% year-over-year, with a margin of 47%.

• Gold sales hit a record $1.65 billion from 375koz sold at an average price of $4,387/oz, up 30% from FY24.

• Declared a fully franked final dividend of 5 cents per share, totaling $38 million.

• Ended the year debt free and unhedged, with record cash and bullion of $517 million after repaying $300 million in corporate debt.

Financial highlights

• Revenue increased 30% year-over-year to $1.65 billion, supported by record gold prices and sales.

• Operating cash flow rose to $821 million from $475 million in FY24.

• All-in Sustaining Cost (AISC) increased to $2,531/oz from $2,286/oz year-over-year.

• Cash and bullion at year-end totaled $517 million, up from $278 million.

• Depreciation and amortization increased by 14% due to accelerated amortization at Ben Hur and Tropicana.

Outlook and guidance

• FY26 production guidance is 350–380koz at AISC of $2,610–$2,990/oz, including ~$170/oz non-cash stockpile draw.

• Growth capital for FY26 is projected at $180–$195 million, with Duketon receiving $165–$175 million for ongoing and new projects.

• Estimated tax provision of ~$100 million to be paid in Q3 FY26, after which tax payments revert to monthly installments.

• Depreciation and amortization expected to be lower per ounce in FY26.

• Confident in sustaining momentum into FY26 and beyond, supported by strong gold prices and unhedged position.