Genesis Minerals Limited reported an EBITDA increase of 110% to A$952.4 million for the 2026 financial year, driven by higher margins and expanded gold output across its Western Australian assets.

The company lifted sales revenue by 89% to A$1,742.4 million during the twelve months to 30 June 2026, compared with A$920.1 million in the previous financial year. Statutory net profit after tax reached A$601.8 million, boosted by a one-off tax benefit from transferred tax losses, while underlying net profit after tax rose 147% to A$546.9 million.

Annual gold production increased 33% to 285,402 ounces, up from 214,311 ounces in fiscal 2025. All-in sustaining costs rose to A$2,670 per ounce from A$2,398 per ounce previously, landing inside the company’s guidance range of 260,000 to 290,000 ounces at an all-in sustaining cost of A$2,500 to A$2,700 per ounce.

“The combination of the 33 per cent increase in production and tight cost control enabled us to take full advantage of the buoyant gold price, maximising margins and free cashflow generation. In the process, we met our production and cost guidance for the third year in a row.” — Raleigh Finlayson, Executive Chairman

Cash and equivalents grew 81% to A$520.1 million at the end of June 2026, compared with A$286.9 million at 30 June 2025. Total available liquidity reached A$620 million, including A$501 million in cash and bullion, A$19 million in liquid investments, and A$100 million in undrawn debt capacity under a corporate financing facility that was upsized and extended during the year. Bank debt stood at A$200 million at the end of the period.

Reflecting the cash generation, the board declared a maiden fully franked dividend of A5.0 cents per share, with a record date of 10 September 2026 and payment scheduled for 5 October 2026. Under the terms of the company's scheme implementation deed, the pre-completion dividend increases the cash consideration payable to Vault Minerals shareholders under an agreed merger by approximately A$39.4 million, taking total cash consideration to roughly A$540 million.

During the period, Genesis advanced its ASPIRE 400 growth strategy, which included completing the acquisition of Magnetic Resources for A$447 million in cash and 28 million shares to incorporate the Lady Julie deposit. Capital expenditure on growth projects and exploration totalled A$275 million during fiscal 2026.

“We are now entering our next chapter of growth with the proposed merger with Vault. This is a rare opportunity in the mining sector because the close proximity of our operations will help drive $2 billion in savings while immediately doubling our annual production rate to more than 600,000oz.” — Raleigh Finlayson, Executive Chairman

Completion of the proposed merger via a Scheme of Arrangement is on track for November 2026. A long-term strategic plan for the combined entity is scheduled for release in the first half of 2027.

Read the full announcement: EBITDA more than doubles to A$952m on strong margins