Emerald Resources lifts profit 23% as gold projects drive growth

The Emerald Resources NL (ASX: EMR) share price is in focus today after the gold miner lifted half‑year revenue to $257.0 million and net profit after tax (NPAT) to $73.1 million, up 23% on the prior period.

What did Emerald Resources report?

• Revenue increased 7% to $257.0 million (HY24: $239.7 million)
• NPAT up 23% to $73.1 million (HY24: $59.7 million)
• EBITDA rose 13% to $143.1 million
• Basic earnings per share: 11.08 cents (HY24: 9.09 cents)
• No interim dividend declared
• Net tangible assets per share up 21% to 75.59 cents

What else do investors need to know?

Emerald Resources finished the half with a strong cash position of $299.4 million and additional gold bullion and listed investments bringing the total to $372.7 million. The group remains debt free and unhedged, while its key Okvau Gold Mine in Cambodia contributed ongoing steady production.

Production at Okvau totalled 47,064 ounces at an all-in sustaining cost (AISC) of US$1,104/oz. Sales volumes were 43,678 ounces at a robust average gold price, and the company maintained full-year FY26 production guidance (105–120koz gold at AISC of US$966/oz). Beyond Okvau, Emerald pushed ahead with advancing its fully permitted Dingo Range Gold Project (WA) and Memot Gold Project (Cambodia), both of which reported resource upgrades in early 2026.

What’s next for Emerald Resources?

Looking ahead, Emerald Resources is progressing feasibility and development studies at both the Dingo Range and Memot gold projects. These projects are now fully permitted and delivered significant increases to their Mineral Resource Estimates, supporting growth well into FY26 and beyond.

Drilling and exploration continue across core regions in Western Australia and Cambodia, focused on extending known deposits and targeting additional resource growth. The company also aims to finalise maiden ore reserves at both Dingo Range and Memot in 2026, which should underpin project timelines for future production growth.

Emerald Resources share price snapshot

Over the past 12 months, Emerald Resources shares have risen 67%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period. 

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The post Emerald Resources lifts profit 23% as gold projects drive growth appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.