Record FY25 Financial Performance and Final Dividend

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Stock Evolution Mining Ltd (EVN.ASX)
Release Time 13 Aug 2025, 8:29 a.m.
Price Sensitive Yes
 Record FY25 Financial Performance and Final Dividend
Key Points
  • Record net profit (statutory and underlying) of $926 million and $958 million, up 119% and 99%
  • Record EBITDA (underlying) of $2,207 million, up 46%
  • Final fully franked dividend of 13 cents per share (FY24: 5 cents)
Full Summary

Evolution Mining Ltd (ASX: EVN) announced its financial results for the year ended 30 June 2025, delivering record performance across key metrics. The company reported a 119% increase in statutory net profit to $926 million and a 99% rise in underlying net profit to $958 million. Underlying EBITDA grew 46% to $2,207 million, driven by strong operational and cost performance across the company's portfolio of long-life, high-margin assets. Evolution also achieved significant balance sheet deleveraging, with gearing reduced from 25% to 15%. The company declared a final, fully franked dividend of 13 cents per share, nearly three times the prior year's final dividend. This brings the total FY25 dividend to a record 20 cents per share. Key operational highlights included record gold and copper production at several sites, the approval of the Cowal Open Pit Continuation project, and the successful commissioning of the Mungari 4.2 mill expansion project. Evolution expects to continue generating high cash margins in FY26 through its operational and capital management discipline.

Guidance

In FY26, Evolution expects to produce 710,000 - 780,000 ounces of gold and 70,000 - 80,000 tonnes of copper at an All-in Sustaining Cost (AISC) of $1,720 - $1,880 per ounce (US$1,118 - US$1,222 per ounce).

Outlook

Evolution remains focused on continuing to generate high cash margins in FY26 through its operational and capital management discipline to ensure the benefit of a strong commodity price environment flows through to its shareholders.