• A$3.5B Underlying EBITDA
• A$2.9B Cash Earnings
• A$536M Underlying Free Cash Flow

Northern Star Resources Ltd has reported its financial results for the year ended 30 June 2025. The company achieved an Underlying EBITDA of A$3.5 billion, a 60% increase from the previous year. Cash Earnings, defined as Underlying EBITDA less sustaining capital, net interest, and corporate tax, reached A$2.9 billion, a 59% increase year-over-year. Underlying Free Cash Flow, calculated as operating cash flow less capital expenditure, equipment finance, and exploration costs, was A$536 million. The company has a strong balance sheet, with A$1.9 billion in cash and bullion and A$1.0 billion in net cash. Northern Star has also completed a A$300 million share buyback program and declared dividends totaling A$55.0 cents per share for FY25, including a final dividend of 30 cents per share.The company's operational performance was also strong, with gold sold reaching 1.63 million ounces and an all-in sustaining cost (AISC) of A$2,163 per ounce. Northern Star's EBITDA margin improved to 55%, and the company's return on capital employed (ROCE) increased to 11.4%.Looking ahead, Northern Star has provided FY26 guidance, including gold sales of 1.7-1.85 million ounces, AISC of A$2,300-A$2,700 per ounce, and growth capital expenditure of A$1.14-A$1.2 billion, which includes the KCGM Mill Expansion Project and the Hemi Development Project.

FY26 gold sales of 1.7-1.85 million ounces, AISC of A$2,300-A$2,700 per ounce, and growth capital expenditure of A$1.14-A$1.2 billion.

Northern Star remains focused on operational excellence, disciplined capital allocation, and generating superior shareholder returns through its world-class assets, strong balance sheet, and profitable growth strategy.