Ramelius Resources Limited generated an underlying EBITDA of A$765.4 million for the 2026 financial year, supported by a record underlying EBITDA margin of 74% and a higher realised gold price.

The result compared to an underlying EBITDA of A$825.9 million and a 69% margin recorded in FY25. Group gold sold totalled 190,261 ounces, down 37% from 302,882 ounces sold previously, following the completion of operations at Edna May.

The performance benefited from a 36% increase in the realised gold price to A$5,400 per ounce, up from A$3,963 in FY25. All-in sustaining costs rose 28% to A$1,983 per ounce. Underlying net profit after tax reached A$319.9 million, down 33% from A$479.1 million. Statutory earnings of A$118.8 million were affected by A$133.2 million in one-off transaction costs related to the Spartan combination, including A$131.0 million in stamp duty, alongside A$28.4 million to close out the gold hedge book.

Operating cash flow totalled A$702.1 million, while underlying free cash flow came in at A$393.3 million. Cash and bullion holdings stood at A$649.6 million at the end of June 2026. Capital investment in plant, equipment, mine development and exploration doubled to A$315.8 million.

Ramelius declared a fully franked final dividend of 3.0 cents per share, taking total FY26 dividends to 6.0 cents per share. The company also repurchased A$141.7 million in shares, bringing total shareholder returns through dividends and buy-backs to over A$256 million.

“It is really pleasing to report underlying EBITDA of A$765.4M, despite the lower production associated with the completion of operations at Edna May in the prior year, noting that the sale of Edna May in June 2026 for A$300m is not included in this result. The record underlying EBITDA margin achieved is testament to our focus on high-grade, low-cost ounces within the Company's portfolio.”

“The financial performance benefited from a strong A$ gold price, with our exposure increasing through the reduction in our hedge book commitments.”

— Mark Zeptner, Managing Director

Ramelius previously entered a deal in April 2025 to acquire Spartan Resources Limited. Operationally, the Galaxy life-of-mine plan has been extended to 2032, with productivity targeted to reach approximately 800,000 tonnes per annum. This expansion will require about A$30 million of additional sustaining capital in FY27.

Ramelius plans to release an updated four-year production outlook to FY30, including FY27 guidance, next month.

Read the full announcement: FY26 Financial Results and Dividend