2024 Annual Results Highlights & Dividend

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Stock Gold Road Resources Ltd (GOR.ASX)
Release Time 21 Feb 2025, 8:21 a.m.
Price Sensitive Yes
 Gold Road Resources Ltd reports record 2024 results
Key Points
  • Record revenue of $528.0 million and EBITDA of $294.4 million
  • Net Profit after Tax of $142.7 million, up 27% from 2023
  • Fully franked final dividend of 1.5 cents per share determined
Full Summary

Gold Road Resources Ltd has reported record financial results for the 2024 calendar year. Revenue from gold sales totalled $528.0 million, up from $472.1 million in 2023, driven by higher average realised gold prices. EBITDA for the 12-month period reached a record $294.4 million, with an EBITDA margin of 56%. Net Profit after Tax for the 2024 financial year was a record $142.7 million, up 27% from $115.7 million in 2023. The company generated record operating cash flow of $250.6 million and free cash flow of $91.7 million. Gold Road ended the year in a strong financial position, with $166.3 million in cash and short-term deposits and no debt. The company's Mineral Resources increased by 6% to 4.81 million ounces, and Ore Reserves increased by 5% to 1.92 million ounces. The Board has determined a fully franked final dividend of 1.5 cents per share for the six months to 31 December 2024, in addition to the 0.5 cents per share interim dividend paid for the first half of the year.

Guidance

Gruyere is guided to produce between 325,000 and 355,000 ounces in 2025 (100% basis).