Record H1 FY25 Financial Performance
Stock | Evolution Mining Ltd (EVN.ASX) |
---|---|
Release Time | 12 Feb 2025, 8:25 a.m. |
Price Sensitive | Yes |
Record H1 FY25 Financial Performance
- Record statutory net profit of $365 million, up 277%
- Record underlying EBITDA of $1,014 million, up 77%
- Interim dividend of 7.0 cents per share, fully franked, up 250%
Evolution Mining Limited (ASX: EVN) today reported a record statutory net profit of $365 million for the six months ended 31 December 2024, and an interim dividend of 7.0 cents per share, fully franked. Key highlights include a 277% increase in statutory net profit, 144% increase in underlying net profit, 77% increase in underlying EBITDA, 251% increase in earnings per share, and a 420% increase in group cash flow. The company's safety performance also improved, with total recordable injury frequency (TRIF) reduced by ~39%. Evolution remains on track to deliver FY25 production guidance of 710,000 - 780,000 ounces of gold and 70,000 - 80,000 tonnes of copper, at a sector leading All-in Sustaining Cost (AISC) of $1,475 - $1,575 per ounce. The company also announced the reinstatement of its Dividend Reinvestment Plan, in line with shareholder feedback, and continued deleveraging of its balance sheet, with gearing now at 23%.
Evolution remains on track to deliver FY25 production guidance of 710,000 - 780,000 ounces of gold and 70,000 - 80,000 tonnes of copper, at a sector leading All-in Sustaining Cost (AISC) of $1,475 - $1,575 per ounce.