Perseus Mining Limited posted a profit after tax of $480.5 million for the financial year ending 30 June 2026, representing a 14% increase on the $421.7 million reported in the previous corresponding period.

The gold producer recorded revenue of $1.484 billion, up 19% from $1.248 billion in the prior financial year, while EBITDA rose 16% to $860.5 million. Net cash flow from operating activities grew 24% to $666.4 million.

The stronger financial performance expanded the balance sheet. Cash and bullion reserves reached $1.034 billion as of 30 June 2026, compared to $826.5 million at the end of June 2025. Perseus also holds an upsized and fully undrawn $400 million revolving corporate cash advance facility.

Reflecting the increased cash generation, the board declared a final unfranked dividend of 9.0 Australian cents per share, bringing total dividends declared for FY26 to 14.0 Australian cents per share. This represents an 87% increase on the A$7.5 cents per share declared for FY25.

“Perseus has delivered a record financial result for FY26 delivering on production and cost guidance again, a reflection of the Company’s ongoing commitment to delivering on its priorities. Strong gold prices supported our delivery of record net operating cash flow of $666 million, up 24% year on year, enabling a record year for shareholder returns. Today we announced a final dividend of 9 cents per share taking our full year dividend to 14 cents, up 87%, alongside A$126 million in on-market share buy-backs during the year.”

— Craig Jones, Managing Director and CEO

Alongside the final dividend, Perseus updated its capital allocation framework to introduce a minimum dividend policy of at least 20% of net operating cash flow after payments to non-controlling interests. The company also renewed its on-market share buyback program, with up to A$350 million allocated to buy back ordinary shares. That program is scheduled to commence on or about 24 September 2026, following the completion of A$126 million in buybacks executed during the 2026 financial year out of an earlier A$150 million authorization.

Management is also considering a further A$100 million distribution to shareholders sourced from excess proceeds following the divestment of the Meyas Sand Gold Project in Sudan.

Development activities continue across the asset portfolio. The Nyanzaga Gold Project in Tanzania reached 67% overall project progress by the end of June 2026 and remains on schedule to pour first gold in January 2027.

Read the full announcement: Strong Financial Performance Delivers Record Shareholder Returns