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Westgold Resources posts record profit and revenue for H1 FY26

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Miner puts thumbs up in front of gold mine quarry.

The Westgold Resources Ltd (ASX: WGX) share price is in focus today after the ASX 200 gold miner reported a record half-year profit of $190.7 million and nearly doubled its revenue to $1.24 billion for the six months ended 31 December 2025.

What did Westgold Resources report?

  • Revenue surged 98% to $1,237.6 million (H1 FY25: $624 million)
  • Net profit after tax was $190.7 million (H1 FY25: $27.6 million loss)
  • EBITDA reached $435.5 million
  • Unfranked dividend of 3 cents per share paid during the period
  • Gold production rose 23% to 195,355 ounces
  • Operating cash flow increased to $531.7 million

What else do investors need to know?

Westgold Resources became debt free after repaying its outstanding $50 million facility, finishing the period with $520.6 million in cash and cash equivalents—a 117% lift from June 2025. The bumper results were driven by a sharp increase in the gold price achieved ($5,877/oz vs $3,910/oz a year ago) and higher gold sales volumes.

During the half, Westgold completed the divestment of its Mt Henry–Selene Gold Project to Alicanto Minerals, booking a one-off, non-cash loss of $177.9 million but gaining a 19.9% strategic stake in Alicanto and further cash proceeds. The company also progressed a proposed demerger of its non-core Reedy’s and Comet assets via the planned spin-out of Valiant Gold Limited.

What’s next for Westgold Resources?

Westgold has reiterated its FY26 production guidance of 345,000 to 385,000 ounces of gold, supported by investments in mine development and a healthy resource base. Following the sale of non-core assets and the planned Valiant Gold demerger, the company will sharpen its focus on its major mining hubs in the Murchison and Southern Goldfields regions, aiming to sustain safe, profitable growth while advancing its refreshed ESG strategy.

Westgold Resources share price snapshot

Over the past 12 months, Westgold Resources shares have risen 221%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has 11% over the same period.

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The post Westgold Resources posts record profit and revenue for H1 FY26 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.

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