• Statutory net profit after tax of $142.7 million, up 23.3% from 2023
• Gold sales revenue of $528.0 million, up 11.8% from 2023
• Increased EBITDA of $294.4 million, up 17.7% from 2023

Gold Road Resources Ltd has released its Appendix 4E and 2024 Financial Report, reporting a strong financial performance for the year ended 31 December 2024. The company achieved a statutory net profit after tax of $142.7 million, up 23.3% from $115.7 million in 2023. Revenue from ordinary activities increased by 11.8% to $527.9 million, driven by a higher average gold price of $3,672 per ounce compared to $2,924 per ounce in 2023, partially offset by lower gold sales volumes of 143,793 ounces compared to 161,472 ounces in 2023. Earnings before interest, tax, depreciation and amortization (EBITDA) rose by 17.7% to $294.4 million. The increase in costs compared to the prior year was driven by higher royalties due to increased revenue, along with rising production costs, and higher amortization and depreciation expenses. The company's financial position remained strong, with cash and cash equivalents increasing to $166.3 million as at 31 December 2024. The company also announced a fully franked final dividend of 1.50 cents per share, to be paid on 31 March 2025.

The company provided the following forward-looking financial guidance: Gold sales revenue of $550-570 million and EBITDA of $300-320 million for the 2025 financial year.

Gold Road Resources Ltd is well-positioned to continue its strong operational and financial performance, with a focus on optimizing production at the Gruyere joint venture, advancing its exploration and development pipeline, and delivering value to shareholders.