The Aurelia Metals Ltd (ASX: AMI) share price is in focus after the company posted a 69% surge in net profit and declared a fully franked final dividend of 1.0 cent for FY26.
What did Aurelia Metals report?
- Total revenue jumped 40% to $480.2 million
- EBITDA rose 55% to $189.2 million, with EBITDA margin up to 39.4%
- Net profit after tax increased 69% to $82.7 million
- Operating cash flow grew 10% to $142.8 million
- No drawn debt at year-end, with cash balance at $143.9 million
- Declared fully franked final dividend of 1.0 cent per share (approx. $17.2 million total distribution)
What else do investors need to know?
Aurelia Metals delivered higher gold and base metal production than the prior year, with group gold output at 50.4 thousand ounces, exceeding revised guidance. The company’s operating costs rose to $315.3 million, reflecting increased mining activity and the ramp-up at the Federation mine.
Development of the Great Cobar project continues on schedule, targeting first ore in 2028. The Peak Plant Expansion is progressing as planned, recently commissioning a new tailings thickener and advancing the Tertiary Ball Mill project to boost processing capacity.
Aurelia completed a major refinancing in June without drawing on any debt facilities, ensuring a robust financial position to support ongoing projects and the declared dividend.
What did Aurelia Metals management say?
Interim Chief Executive Officer Martin Cummings commented:
FY26 was a year of strong operational and financial performance for Aurelia, with material increases in EBITDA, net profit after tax and operating cash flows. Gold production exceeded the revised guidance range and all other metals were produced within guidance. Along with strong metal prices, these results supported robust margins and cash generation. This performance has enabled the Board to declare a fully franked dividend of 1 cent per share
Throughout the year, we continued to advance our growth strategy to lift mining rates and expand processing capacity. Development of Great Cobar remains on track for first production in FY28, while the Peak Plant Expansion projects continued with commissioning of the Tailings Thickener, and the continued progress of the Tertiary Ball Mill project. Together, these projects enable an increase in processing capacity from 800ktpa to 1.1 – 1.2Mtpa.
Aurelia is well positioned to continue delivering strong production while advancing its pipeline of growth opportunities across the Cobar Basin, supported by our recently completed refinancing and strong balance sheet.
What’s next for Aurelia Metals?
For FY27, Aurelia is guiding for gold production between 50,000 and 60,000 ounces and expects higher output across copper, zinc, and lead. Group operating costs are anticipated to increase as production ramps up, but unit costs should fall as the plant expansion comes online.
Medium-term, the company is focused on completing Great Cobar and the New Occidental Tailings Retreatment projects, which are expected to extend mine life and support stable production. Exploration spend is set to rise as new drilling platforms become available, particularly at Great Cobar.
Aurelia Metals share price snapshot
Over the past 12 months, Aurelia Metals shares have risen 89%, outperforming the All Ordinaries Index (ASX: XAO).
The post Aurelia Metals: FY26 profit surges, dividend announced 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.