Aurelia Metals Ltd (ASX: AMI) posted a 39.4% EBITDA margin in the year ended June 30, 2026, up from 35.5% a year earlier, as revenue rose 40% to $480.2 million and net profit after tax climbed 69% to $82.7 million.
Gold output totaled 50.4 thousand ounces, exceeding revised guidance of 45–50 thousand ounces, while ore processing volume reached 806 thousand tonnes. The company declared its first fully franked dividend in six years, paying 1 cent per share and totaling an estimated $17.2 million.
Cash at June 30, 2026, increased to $143.9 million from $110.1 million a year earlier, with total liquidity at $183.9 million. Group cash flow turned positive to $33.1 million, reversing a negative $7.3 million in FY25, as operating cash flow rose 10% to $142.8 million.
EBITDA grew 55% to $189.2 million, while earnings per share advanced 69% to 4.88 cents. Investing outflows fell 25% to $102.9 million, partly offsetting higher growth capital and exploration spending of $62.8 million.
The miner secured a $150 million debt facility, including a $110 million performance bond and a $40 million undrawn revolving credit line, with maturities of three and five years. Ore reserves rose 49% to 8.2 million tonnes, while mineral resources increased 6% to 30.6 million tonnes.
FY27 production guidance calls for 50–60 thousand ounces of gold, 2.5–3.5 thousand tonnes of copper, 26–34 thousand tonnes of zinc, and 17–25 thousand tonnes of lead. Ore processing volume is forecast to rise about 36% to 1.05–1.15 million tonnes.
Unit costs in the Cobar region are expected to decline 11–19% to $300–330 per tonne, while total operating costs are projected at $340–375 million. Sustaining capital is guided at $65–75 million, with growth capital and exploration spending of $64–88 million.
Interim CEO Martin Cummings said the dividend was intended as a starting point rather than a fixed policy, with the board retaining discretion on future capital returns. Interim CFO Leigh Collins noted that Cobar operations fully funded the company’s growth pipeline and exploration for the year.
