Appendix 4D and FY26 Half Year Financial Report

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Stock Evolution Mining Ltd (EVN.ASX)
Release Time 11 Feb 2026, 8:39 a.m.
Price Sensitive Yes
 Evolution Mining Reports Record Half-Year Results
Key Points
  • Record statutory net profit after tax of $766.6 million, a 110% improvement
  • Record Underlying EBITDA increased 57% year-on-year to $1,589.2 million
  • Earnings per share increased by 107% to a half-yearly record of 37.96 cents
Full Summary

Evolution Mining Limited has reported record financial results for the half-year ended 31 December 2025. The company achieved a statutory net profit after tax of $766.6 million, a 110% improvement on the prior corresponding period. Underlying profit after tax also reached a record $785.2 million, up 104% year-on-year. Underlying EBITDA increased 57% to $1,589.2 million, driven by consistent production delivery and higher gold and copper prices. Earnings per share grew 107% to 37.96 cents. The company generated record operating and net mine cash flows of $1,733.4 million and $1,093.1 million respectively. Key operational highlights included the successful commissioning of the expanded mill at Mungari, progress on the Open Pit Continuation project at Cowal, and the commencement of production from the E48 sub-level cave at Northparkes. The company also announced the development of the Bert project at Ernest Henry, which was approved by the Board on 10 February 2026. Evolution's sustainability performance remained strong, with no material incidents and continued progress towards its net zero emissions target.

Guidance

FY26 guidance is on track to deliver 710,000 - 780,000 ounces gold and towards the lower end of 70,000 - 80,000 tonnes copper, with Group AISC guidance updated to $1,640/oz from $1,760/oz.

Outlook

Evolution remains focused on consistent operational delivery, disciplined capital management, and advancing its growth projects to drive further value for shareholders. The company is well-positioned to benefit from the current high gold and copper price environment.