Zijin Gold International Company (2259) H1 2026 earnings summary

Executive summary

• Revenue doubled year-over-year to US$3.99 billion, driven by high gold prices, new asset contributions, and improved operations.

• Net profit attributable to owners surged 179% to US$1.45 billion; mined gold production rose 44% to 27.3 tonnes.

• Cash flow from operations increased 331% to US$1.8 billion; cash and cash equivalents reached US$3.87 billion.

• Interim dividend of HK$1.50 per share declared, the first since listing.

• Full-year mined gold production guidance for 2026 remains unchanged.

Financial highlights

• Revenue: US$3.99 billion (+100% YoY); gold sales accounted for 97.8% of total revenue.

• Net profit attributable to owners: US$1.45 billion (+179% YoY); EPS: US$0.54 (+135% YoY).

• Gross profit margin: 58.4% (up from 46.5% YoY).

• Net cash from operations: US$1.8 billion (+331% YoY); cash and cash equivalents: US$3.87 billion.

• Gearing ratio: 36% (down from 41% at end-2025).

Outlook and guidance

• Gold prices expected to remain high and volatile, influenced by macroeconomic and geopolitical factors.

• Full-year mined gold production guidance for 2026 remains unchanged.

• Focus on global resource consolidation, production capacity expansion, and operational efficiency.