Alkane Resources Limited delivered a record net profit after tax of A$228.7 million for the 2026 financial year, marking a 590% increase from the A$33.0 million reported in FY25.

The financial performance was driven by record revenue of A$935.8 million, up from A$262.3 million previously, alongside full-year gold equivalent production of 168,337 ounces compared to 70,120 ounces in the prior period. Basic earnings per share rose to 17.69 cents from 5.46 cents.

The results reflect Alkane's first full year as a multi-asset gold and antimony producer following the transformational merger of equals with Mandalay Resources Corporation on 5 August 2025. The enlarged portfolio comprises the Tomingley operation in New South Wales, the Costerfield mine in Victoria, and the Björkdal operation in Sweden.

Higher production volumes combined with an average realised gold price of A$5,664 per ounce, compared to A$3,770 per ounce in FY25, supported cash generation. Cash and bullion reserves increased to A$438.9 million as of 30 June 2026, up from A$60.3 million at the end of the previous financial year.

Reflecting the financial results and balance sheet strength, the Board declared a maiden fully franked final dividend of 2.0 cents per share for FY26. The ex-dividend date is set for 7 September 2026, with the record date on 8 September 2026 and payment scheduled for 1 October 2026.

“FY26 was a transformational year for Alkane. The merger with Mandalay created a three-mine gold and antimony producer of scale, and record production, revenue and profit in our first year as a combined group demonstrate the quality of the business we have built. The declaration of Alkane's maiden dividend is a significant milestone in the Company's history, and reflects both the strength of our balance sheet and the Board's confidence in the outlook for the Company - a confidence underlined by our FY27 guidance.”

— Nic Earner, Managing Director & CEO

Alkane reiterated its previously released FY27 group guidance, targeting total gold equivalent production of 163,000 to 177,000 ounces at an all-in sustaining cost of A$2,900 to A$3,200 per ounce. Group guidance includes growth capital expenditure of A$160 million to A$190 million and exploration expenditure of A$45 million to A$53 million across the three operating assets and exploration projects including Boda-Kaiser.

Read the full announcement: FY26 Financial Results and Dividend