Westgold Resources posts record FY26 profit, boosts dividend and returns

The Westgold Resources Ltd (ASX: WGX) share price was in focus today after the company reported FY26 revenue soaring 79% to a record $2,441 million, and underlying NPAT of $480 million—up 452% year on year.

What did Westgold Resources report?

• Revenue: $2,441 million, up 79% from FY25
• Underlying NPAT: $480 million, up 452% from FY25
• Underlying EBITDA: $1,104 million at a 45% margin
• Operating cash flow: $964 million, up 170%
• Free cash flow: $602 million, up 11,940% from FY25
• Fully franked dividend: 10 cents per share
• Closing Treasury balance: $939 million

What else do investors need to know?

Westgold produced a record 387,354 ounces of gold during FY26, with strong contributions from its Murchison and Southern Goldfields operations. The company invested approximately $362 million in mine development, exploration, and infrastructure to boost operational flexibility and future production.

The company remained 100% debt free and fully unhedged, while also completing asset divestments, including the Valiant Gold Ltd demerger. Westgold returned $122 million to shareholders via dividends and buybacks, and has approved a further $50 million buy-back for FY27.

What did Westgold Resources management say?

Westgold Resources’ CEO, Wayne Bramwell, commented:

FY26 was a landmark year for Westgold and delivered a strong outcome for shareholders. Record gold production, improved operating consistency and a favourable gold price drove record earnings, cash flow and treasury growth, strengthening our capacity to invest, grow and return capital… Our strategy and value proposition going forward is clear. We have a business of growing scale, balance sheet strength, asset quality and the team to create value while maintaining a clear focus on shareholder returns.

What’s next for Westgold Resources?

Westgold’s board has adopted a new Shareholder Capital Return Policy, supporting ongoing dividends and share buy-backs. Looking ahead, the company will continue to focus on disciplined capital allocation, investing in its largest and most productive assets to boost production and cash flow.

The company will release further updates on its growth strategy and FY27 guidance in the coming weeks, outlining plans for continued production growth and shareholder value creation.

Westgold Resources share price snapshot

The Westgold Resources share price has significantly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 92%.

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The post Westgold Resources posts record FY26 profit, boosts dividend and returns 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.