The Evolution Mining Ltd (ASX: EVN) share price is in focus today as the gold producer announced record net profit of $1,475 million, up 59% on last year, and lifted its full-year fully franked dividend 62% to 41 cents per share.
What did Evolution Mining report?
- Statutory profit after tax rose 59% to $1,475 million
- Underlying EBITDA increased 44% to $3,171 million with 57% margin
- Group cash flow jumped 76% to $1,389 million
- Final fully franked dividend of 21 cents per share, up 62%
- Total FY26 dividend of 41 cps, returning ~$833 million to shareholders
- Operating mine cash flow up 48% to $3,394 million
What else do investors need to know?
Evolution Mining’s strong financial performance was underpinned by consistent operations across its portfolio and disciplined cost control, delivering a net cash position at year end. The company continued to reinvest, spending $1,089 million on capital across multiple projects while repaying $280 million in debt and distributing $668 million in dividends.
The board has improved its dividend payout policy, now targeting 60% of annual group cash flow, up from 50% previously. Evolution finished the year with total liquidity of $1,873 million and no repayments due on debt facilities until FY29. The company also achieved a 19% cut in Scope 1 and 2 greenhouse gas emissions versus FY20.
What did Evolution Mining management say?
Commenting on the results, Evolution Mining’s managing director and CEO, Lawrie Conway, said:
Our record results reflect the quality of our assets and, above all, the efforts of the entire Evolution team. We are delivering on our commitment to shareholders. The record financial performance is on the back of safe, consistent and reliable operational delivery, complemented by our disciplined approach to cost and capital management. Our high-margin business is generating significant cash flow with a record Group cash flow of nearly $1.4 billion.
The updated dividend policy with a new payout rate targeting 60% of annual group cash flow is sector leading. Our record final dividend of 21 cents per share will return ~$427 million to shareholders and bring the full year dividend to 41 cents, equal to $833 million.
We are set to continue our safe, reliable performance in FY27 with guidance expected to sustain our high-margin, high-cash generation position. This will further build our balance sheet flexibility as we continue to invest in high-return organic growth projects and deliver high returns to our shareholders.
What’s next for Evolution Mining?
For FY27, Evolution is guiding for gold production between 660,000 and 730,000 ounces and copper output of 63,000 to 70,000 tonnes, with all-in sustaining costs between $1,795 and $1,995 per ounce. Major capital investment remains focused on organic growth and new project developments across Cowal, Ernest Henry and Northparkes.
The business anticipates maintaining high margins and strong cash flows, supporting both ongoing dividends and flexibility for further investment. With continued focus on safety, cost discipline, and climate targets, Evolution aims to sustain its returns and strong balance sheet position.
Evolution Mining share price snapshot
The Evolution Mining share price is up a whopping 73% over the past 12 months, vastly outperforming the S&P/ASX 200 index (ASX: XJO) and its 2% gain.
The post Evolution Mining smashes records with FY26 profit and dividend surge appeared first on The Motley Fool Australia.
Should you invest $1,000 in Evolution Mining right now?
Before you buy Evolution Mining shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Evolution Mining wasn’t one of them.
The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
And right now, Scott thinks there are 5 stocks that may be better buys…
* Returns as of 1 August 2026
.custom-cta-button p {
margin-bottom: 0 !important;
}
More reading
- 5 things to watch on the ASX 200 on Wednesday
- Evolution Mining shares are up 76%. Could results spark another surge?
- Here are the top 10 ASX 200 shares today
- 5 things to watch on the ASX 200 on Friday
- 3 ASX dividend stocks I’d buy for a $5,000 annual superannuation income boost
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.