Abundant cashflow & plus4Moz Reserve sets up GMD for growth

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Stock Genesis Minerals Ltd (GMD.ASX)
Release Time 21 Aug 2025, 8:07 a.m.
Price Sensitive Yes
 Abundant cashflow & plus4Moz Reserve sets up GMD for growth
Key Points
  • EBITDA up 256% to A$454.1m, NPAT up 127% to A$221.2m
  • Gold production up 59% to 214,311oz, exceeding upgraded guidance
  • Acquisition of 4Moz Laverton project to drive accelerated 'ASPIRE 400' growth
Full Summary

Genesis Minerals has reported strong financial and operating results for FY25, with EBITDA of A$454.1 million and Net Profit After Tax (NPAT) of A$221.2 million. Gold production increased 59% to 214,311 ounces, exceeding the upgraded FY25 guidance. The company's cash and bullion position increased to A$263.1 million at 30th June 2025, up from A$173.0 million a year earlier, despite the A$250 million cash acquisition of Focus' Laverton assets. The acquisition of the Laverton project, which has 4Moz of Resources, is a pivotal step in Genesis' 'ASPIRE 400' accelerated growth strategy. This transaction will help drive production growth, reduce unit costs, and provide increased flexibility and further de-risking of the business. Genesis is well-capitalised with available liquidity of A$412 million and is set for repeat high-margin cash generation in FY26. The company's FY26 outlook includes production of 260,000 - 290,000 ounces at AISC of A$2,500 - 2,700 per ounce, with growth capital of A$150 - 170 million and exploration of A$40 - 50 million. An updated long-term plan will be published in the June half of 2026, with potential elements including staged plant expansions, processing of Tower Hill ore at an expanded Leonora mill, and processing of the recently acquired Laverton ore at an expanded Laverton mill.

Guidance

FY26 production of 260,000 - 290,000 ounces at AISC of A$2,500 - 2,700 per ounce.

Outlook

Genesis is focused on using its strong balance sheet to invest in two key long-term strategic imperatives: 'ASPIRE 400' accelerated growth strategy and 'Future-proofing' strategy to further de-risk the business. An updated long-term plan will be published in the June half of 2026.