• 1H FY25 gold sold 804koz at AISC A$2,105/oz
• Cash Earnings of A$1,146M, up 63% pcp
• Underlying EBITDA of A$1,402M, up 58% pcp
• Record interim dividend of A25.0 cents per share, up 67% pcp
• A$300M on-market share buy-back program 86% progressed

Northern Star Resources Ltd (ASX: NST) has reported its financial results for the half year ended 31 December 2024. The company recorded strong operational and financial performance, with 1H FY25 gold sales of 804koz at an AISC of A$2,105/oz. Cash Earnings increased 63% year-on-year to A$1,146 million, while Underlying EBITDA rose 58% to A$1,402 million. The company's balance sheet remained robust, with net cash of A$265 million and cash and bullion of A$1,215 million. Northern Star declared a record interim dividend of A25.0 cents per share, up 67% from the prior corresponding period, representing a 25% payout of Cash Earnings. The company also progressed 86% of its A$300 million on-market share buy-back program. Northern Star Managing Director Stuart Tonkin highlighted the strength and value-creation embedded in the company's business, with EBITDA and ROCE metrics continuing to improve. The company remains well positioned to achieve its FY25 production and cost guidance, while progressing key growth initiatives such as the KCGM Mill Expansion Project.

FY25 GUIDANCE: Gold Sold: 1,650-1,800koz AISC: A$1,850-2,100/oz Growth Capital Expenditure: A$950-1,020M KCGM Mill Expansion Project: A$500-530M Exploration: A$180M

Northern Star remains well positioned to achieve its FY25 production and cost guidance, while retaining a firm focus on progressing its key growth plans, including the KCGM Mill Expansion Project which remains on time and within budget. The company continues to pursue exploration success at existing operations, while advancing its recommended offer to acquire De Grey Mining.