The Kingsgate Consolidated Ltd (ASX: KCN) share price is in focus today after the company announced record FY2026 results, with revenue up 77% to $596 million and net profit after tax (NPAT) soaring 843% to $278 million.
What did Kingsgate Consolidated report?
- Revenue rose 77% to $596.4 million (FY2025: $336.7 million)
- EBITDA increased 264% to $344 million
- Net profit after tax jumped 843% to $278 million
- Gold production reached 86,078 ounces; silver production was 766,009 ounces
- All-in sustaining cost for the year was US$2,123 per ounce
- Unfranked dividends of 10 cents per share (interim paid April, final payable November)
What else do investors need to know?
Kingsgate’s Chatree Gold Mine in Thailand delivered a strong operational result, with gold and silver production both exceeding last year’s output and both plants running above nameplate capacity. The site achieved major operational milestones, including the completion of a new run-of-mine facility and commissioning a new Caterpillar excavator, which is expected to improve mining rates further.
At the Nueva Esperanza Silver-Gold Project in Chile, technical and field programs continued with new water infrastructure, drilling, and systematic core scanning for future development. Notably, a $68.6 million impairment reversal was recognised after strong commodity market conditions and key project milestones boosted confidence in asset values.
What did Kingsgate management say?
Kingsgate’s Executive Chairman, Ross Smyth-Kirk OAM, said:
The Board is delighted to return capital to shareholders again through a 10 cents per share dividend, reflecting the significant improvement in Kingsgate’s operational and financial performance.
The strong performance of the Chatree Gold Mine, combined with our strengthened balance sheet and positive cash flow outlook, provides the Board with confidence in the Company’s ability to continue delivering sustainable value to shareholders while maintaining appropriate financial flexibility.
What’s next for Kingsgate?
Looking ahead, Kingsgate plans to continue ramping up material movement at Chatree, including the commencement of mining at the new Q Pit, which will add higher-grade ore to the mill. Strategic land acquisitions around the mine support the next phase of production. The company is also advancing technical studies and a possible ASX listing for the Nueva Esperanza Project, with a drilling program underway and strategic review in progress.
Kingsgate has flagged potential shareholder value creation from further improvements at Chatree, advancement or monetisation of Nueva Esperanza, and ongoing assessment of new gold and precious metal project opportunities.
Kingsgate share price snapshot
Over the last 12 months, the Kingsgate share price has significantly outperformed the S&P/ASX 200 index (ASX: XJO) with a gain of around 75%.
The post Kingsgate Consolidated posts record FY2026 earnings appeared first on The Motley Fool Australia.
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Motley Fool contributor James Mickleboro 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.