Half Year Report for Period Ended 31 December 2025
| Stock | ST Barbara Ltd (SBM.ASX) |
|---|---|
| Release Time | 20 Feb 2026, 8:19 a.m. |
| Price Sensitive | Yes |
St Barbara Reports H1 FY26 Results, Simberi Expansion Funding Secured
- Underlying Profit After Tax of A$1.3 million
- Statutory Loss After Tax of A$0.2 million
- Fully funded for New Simberi Gold Project and 15-Mile Processing Hub Project
St Barbara Limited (ASX:SBM) has announced its financial results for the half year ended 31 December 2025 (H1 FY26). The company reported an Underlying Profit After Tax of A$1.3 million, compared to a loss of A$48.1 million in the prior corresponding period. The Statutory Loss After Tax was A$0.2 million, down from a loss of A$48.5 million in H1 FY25. The company's half-year operating cash contribution after sustaining capital was A$18.0 million, compared to a loss of A$35.3 million in the prior period. St Barbara has made significant progress on its key growth projects, with the completion of a Feasibility Study for the New Simberi Gold Project and a Pre-Feasibility Study for the 15-Mile Processing Hub Project. The company has also secured funding for these projects, with a A$370 million agreement with Lingbao Gold International Company Limited to acquire 40% of the New Simberi Gold Project, and a A$100 million agreement with Kumul Mineral Holdings Ltd to acquire 20% of the Simberi Operation. St Barbara is targeting the end of Q3 FY26 for the completion of these transactions, which will fully fund the company's share of the development costs for these projects.
St Barbara is targeting gold production of over 200,000 ounces per annum from the New Simberi Gold Project at an all-in sustaining cost between US$1,100 and US$1,400 per ounce, over a mine life extending to 13 years. The 15-Mile Processing Hub Project is expected to produce over 100,000 ounces of gold per annum at an average all-in sustaining cost of US$1,188 per ounce, over a mine life of more than 11 years.
St Barbara remains focused on the development of the New Simberi Gold Project in Papua New Guinea and the 15-Mile Processing Hub Project in Canada. The company is targeting the end of Q3 FY26 for the completion of the funding agreements with Lingbao Gold and Kumul Mineral Holdings, which will fully fund its share of the development costs for these key growth projects.