Serabi Gold (SRB) Q2 2026 earnings summary

Executive summary

• Revenue for the six months ended 30 June 2026 was $100.1M, up 60% year-over-year, driven by higher gold prices and increased bullion sales.

• Net profit for the six months was $30.1M, a 59% increase from $18.9M in the prior year period.

• Gold sales totaled 21,348 ounces, up 6% year-over-year, with average realized gold price rising 52% to $4,687/oz.

Financial highlights

• Gross profit for the six months was $50.3M, up from $28.3M year-over-year.

• Operating profit reached $40.0M, compared to $22.7M in the prior year.

• Basic and diluted EPS for the six months were 39.71c, up from 24.99c year-over-year.

• Cash and cash equivalents increased to $65.7M from $49.2M at year-end 2025.

• Total assets rose to $237.1M as of 30 June 2026, up from $199.4M at year-end 2025.

Outlook and guidance

• Management expects continued gold production at Palito Complex and Coringa, assuming regulatory approval to increase ore transport or receipt of full mining concession by Q4-2026.

• Even if production at Coringa is suspended, cash flow forecasts indicate sufficient resources for ongoing operations.