Northern Star Reports Strong H1 FY2026 Results
Key points
- Revenue up 19% to $3,414.3 million
- Net profit after tax up 41% to $714.4 million
- Interim dividend of 25 cents per share, fully franked
Full summary
Northern Star Resources Ltd has reported a strong financial performance for the half year ended 31 December 2025. Revenue increased by 19% to $3,414.3 million, primarily driven by a 31% increase in the average realised gold price to $4,670 per ounce. Net profit after tax increased by 41% to $714.4 million. The company's EBITDA and underlying EBITDA also increased by 30% and 34% respectively. Cash earnings decreased by 4% to $1,100.4 million, mainly due to higher corporate tax payments and an increase in sustaining capital expenditure. The company's balance sheet remains strong, with cash and bullion of $1,176.0 million as at 31 December 2025. The company has declared an interim dividend of 25 cents per share, fully franked, to be paid on 26 March 2026. The company's exploration activities continue to focus on life-of-mine extensions and in-mine growth, with $102.5 million invested in exploration during the half year. The company also continued the evaluation of the Mineral Resources and Ore Reserves estimates for the Hemi Development Project, which it acquired control of in May 2025.
Guidance
The company expects to report its full year Mineral Resources and Ore Reserves estimates for the Hemi Development Project in its Annual Mineral Resources and Ore Reserves Statement for the 12 months ending 31 March 2026.
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