Westgold Resources (WGX) H2 2026 earnings summary

Executive summary

• Achieved record annual gold production of 387,354oz, up 19% year-over-year, with strong contributions from Murchison and Southern Goldfields operations.

• Revenue increased 79% to $2,441M, driven by higher gold sales and a 42% rise in achieved gold price per ounce.

• Underlying EBITDA rose 122% to $1,104M, with a competitive margin of 45%.

• Underlying NPAT surged 452% to $480M, and free cash flow increased to $602M.

• Returned $122M to shareholders via dividends and buybacks, and ended FY26 debt free with a $939M treasury balance.

Financial highlights

• Gold sales reached 390,358oz, up 26% year-over-year.

• Achieved gold price averaged $6,238/oz, up from $4,387/oz in FY25.

• All-In Sustaining Cost (AISC) rose 7% to $2,841/oz.

• Operating cash flow increased 170% to $964M.

• Statutory NPAT was $443M after adjustments for asset sales and impairments.

Outlook and guidance

• New Shareholder Capital Return Policy and $50M on-market share buyback approved for FY27.

• FY27 production and cost guidance, along with an updated Strategic Outlook, to be released on 9 September 2026.

• Continued focus on growth, operational optimisation, and long-term shareholder value creation.