Westgold Resources Limited reported a closing treasury balance of $939 million for the year ended 30 June 2026, underpinned by record annual gold production of 387,354 ounces across its Western Australian operations.

The company's revenue increased 79% to $2,441 million compared to $1,360 million in FY25, driven by higher output and a realised gold price of $6,238 per ounce. All-In-Sustaining-Costs reached $2,841 per ounce, resulting in an underlying EBITDA of $1,104 million at a 45% margin.

Underlying net profit after tax rose 452% to $480 million from $87 million previously. Operating cash flow climbed 170% to $964 million, while free cash flow increased to $602 million compared to $5 million in the prior financial year.

Westgold's operations comprise four mining hubs with a combined processing capacity of approximately 6Mtpa across the Murchison and Southern Goldfields regions. During the period, the company invested $362M in growth, development and exploration activities, paid $76M in stamp duty for the Karora acquisition, and repaid $50M of debt. Westgold finished the financial year entirely debt-free and unhedged.

Reflecting the financial performance, the board declared a fully franked final dividend of 10 cents per share, representing approximately $95 million in returns. Together with $27 million invested in on-market share buy-backs during FY26, total shareholder returns reached $122 million. The company has also approved a $50 million share buy-back program for FY27 under a new capital return policy.

“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.”

— Wayne Bramwell, Managing Director and CEO

Westgold will provide further details on its operational strategy when it releases an updated Strategic Outlook on 9 September 2026.

Read the full announcement: FY26 Financial Results Summary