The Aeris Resources Ltd (ASX: AIS) share price is in focus today after releasing its FY26 results, highlighted by a 22% lift in revenue to $702.8 million and net profit after tax soaring 295% to $178.5 million.
What did Aeris Resources report?
- Revenue rose 22% to $702.8 million
- EBITDA jumped 81% to $290.2 million
- Net profit after tax surged 295% to $178.5 million
- Operating cash flow more than doubled to $275.6 million
- Net assets climbed to $599.5 million, up 89%
- Cash and cash equivalents increased to $164.9 million from $28.2 million
What else do investors need to know?
Aeris Resources strengthened its balance sheet during FY26 after a successful $96.8 million capital raising. Proceeds were partly used to fully repay and cancel a $50 million loan facility, saving around $6 million in interest and fees for the year ahead.
Operationally, copper production at Tritton rose 19% to 23,000 tonnes, boosting revenue, while the Cracow operation benefited from higher gold prices despite lower gold output. The company also recognised historical tax losses for the first time, resulting in a $51.5 million income tax benefit and further supporting statutory profits.
Investing activities were stepped up, including development at Murrawombie, early works at Constellation, and increased exploration, leading to improvements in Aeris’ Mineral Resource and Ore Reserve Statement.
What did Aeris Resources management say?
Aeris’ Executive Chairman Andre Labuschagne said:
Aeris delivered strong FY26 financial results, underpinned by continued operational improvement, resilience and cost discipline, enabling Aeris to maximise the benefit of a favourable commodity price environment. These factors resulted in strong operating cash flows, further strengthening our cash balance and overall financial position.
The significant progress made during FY26, together with our strong balance sheet and continued focus on operational improvement, positions Aeris well to deliver another strong performance in FY27 and advance our growth opportunities.
What’s next for Aeris Resources?
Aeris Resources finished FY26 with no debt, increased cash reserves, and a stronger net asset base, providing flexibility for growth. The company will focus on advancing its Constellation project and supporting exploration across its assets.
Management says it remains committed to disciplined cost management, operational improvement, and investigating strategic mergers and acquisitions to drive stakeholder value. Investors can expect further updates on project progress and potential resource upgrades through FY27.
Aeris Resources share price snapshot
Over the past 12 months, Aeris Resources shares have risen 138%, outperforming the All Ordinaries Index (ASX: XAO) by a wide margin.
The post Aeris Resources: FY26 profit surges on revenue growth and cash boost 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.