• Reported NPAT of A$714 million, up 41% pcp
• Underlying EBITDA of A$1,876 million, up 34% pcp
• Cash Earnings of A$1,100 million, corresponding to A77.0 cents per share

Northern Star Resources Ltd (ASX: NST) has reported its financial results for the half year ended 31 December 2025. The company reported a 41% increase in net profit after tax to A$714 million, and a 49% increase in underlying net profit after tax to A$759 million. Underlying EBITDA increased by 34% to A$1,876 million, driven by higher realised gold prices. Cash Earnings, defined as Underlying EBITDA less net interest, tax paid and sustaining capital, was A$1,100 million, corresponding to A77.0 cents per share. The company's balance sheet remains strong, with net cash of A$293 million and cash and bullion of A$1,176 million. Northern Star continues to invest in organic capital projects, with cash outflows from investing activities increasing by 40% to A$1,197.1 million. This includes payments for plant and equipment, investment in mine properties, and payments for exploration assets. The company has declared an interim dividend of A25.0 cents per share, fully franked. Northern Star has revised its FY26 Group production guidance to 1,600-1,700koz and its FY26 Group AISC guidance to A$2,600-2,800/oz. The company remains committed to improving operating performance across its existing asset base, while advancing initiatives to reduce unit costs and drive long-term value creation for shareholders.

Northern Star's FY26 Group production guidance is 1,600-1,700koz, and its FY26 Group AISC guidance is A$2,600-2,800/oz. FY26 Group Growth Capital Expenditure is expected to be in the range of A$2,315-2,425 million, which includes Operational Growth Capital, the KCGM Mill Expansion Project, KCGM Mill Operational Readiness, and the Hemi Development Project.

Northern Star remains committed to improving operating performance across its existing asset base, while advancing initiatives to reduce unit costs. The company's diversified portfolio provides a pipeline of options that underpins long-term value creation and returns for shareholders. The KCGM Mill Expansion and Hemi Development Project are forecast to be the key enablers to achieving Northern Star's goal of being a long-life, high margin, returns-focused global gold producer.