Aurelia Metels Ltd (ASX: AMI) posted a 69% surge in annual net profit after tax to $82.7 million for the year ended June 30, 2026, as the gold and base metals producer scaled operations in New South Wales’ Cobar region.
Revenue rose 40% to $480.2 million, while EBITDA increased 55% to $189.2 million, lifting the EBITDA margin to 39.4% from 35.5% in the prior year. Operating cash flow grew 10% to $142.8 million, with the Cobar operations generating $140.5 million after sustaining capital. The group’s cash position strengthened to $143.9 million, up from $110.1 million a year earlier, supported by a $150 million debt facility.
Gold output exceeded revised guidance at 50.4 thousand ounces, accounting for roughly 55% of revenue. Ore processing volume reached 806 thousand tonnes in FY26, with FY27 guidance calling for a 36% increase to 1.05–1.15 million tonnes. The company declared its first fully franked dividend in six years, paying 1 cent per share for an estimated total distribution of $17.2 million.
Capital expenditure totaled $62.8 million in FY26, with $20.4 million allocated to the Great Cobar project and $19.1 million to the Peak Plant expansion. FY27 growth capital and exploration spending is projected at $64–88 million, including $40–50 million for Great Cobar. Unit costs in the Cobar region are expected to decline 11–19% to $300–330 per tonne, down from $369 per tonne in FY26.
Mineral resources rose 6% to 30.6 million tonnes, while ore reserves grew 49% to 8.2 million tonnes. The Peak deposit was highlighted as the group’s copper-gold cornerstone, with 19.6 million tonnes grading 1.8% copper and 0.8 g/t gold. The company’s interim leadership emphasized that Cobar operations fully funded growth projects and exploration during the year, with the dividend intended as a starting point rather than a fixed policy.
