• Record Group underlying free cash flow of A$536 million, up 16% YoY
• Underlying EBITDA of A$3.5 billion and underlying net profit after tax of A$1.4 billion
• Strong investment grade balance sheet with net cash of A$1.0 billion; liquidity increased to A$3.4 billion

Northern Star Resources Ltd (ASX: NST) is pleased to report its financial results for the year ended 30 June 2025. The Company has delivered another record-breaking financial performance on the back of a dedicated team effort in a favourable gold price environment. For FY25, the Company reported record Group underlying free cashflow of A$536 million, or A$328 per ounce, which underscores the value of the profitable growth path the Company has been on for the past four years to deliver sustaining long-term returns for shareholders. The FY25 result also demonstrates the strength and value-creation that the Company is embedding in its business, with EBITDA and ROCE metrics showing consistent improvement over the last three years, while the investment grade balance sheet remains strong and in a net cash position, notwithstanding the substantial capital investment in growth projects such as the Fimiston Mill Expansion at KCGM. The Board has declared a record final dividend of 30 cents per share, resulting in a total FY25 dividend of 55 cents per share. When added to the share buy-back purchases during the year to successfully conclude the program, Northern Star will return over A$840 million to shareholders for FY25. Looking ahead, the Company's focus remains on unlocking the full value of its production centres and advancing the newly acquired Hemi project, which aligns with both its portfolio and purpose to responsibly deliver superior returns for shareholders.

FY26 gold sold guidance of 1,700-1,850koz, with AISC guidance of A$2,300-2,700/oz. Growth capital expenditure of A$1,140-1,200 million, including the KCGM Mill Expansion Project, KCGM Mill Operational Readiness, and the Hemi Development Project. Exploration expenditure of approximately A$225 million.

Northern Star's focus remains on unlocking the full value of its production centres and advancing the newly acquired Hemi project, which aligns with both its portfolio and purpose to responsibly deliver superior returns for shareholders. The Company continues to invest in its organic capital projects and exploration to drive future growth.