APPENDIX 4D AND HALF-YEAR REPORT
| Stock | Aeris Resources Ltd (AIS.ASX) |
|---|---|
| Release Time | 24 Feb 2026, 12:13 p.m. |
| Price Sensitive | Yes |
Aeris Resources Delivers Strong Half-Year Results
- Revenue up 5% to $306.3 million
- Adjusted EBITDA increased 57% to $133.0 million
- Profit after tax up 62% to $47.9 million
- Successful $80 million capital raise and $21.6 million SPP
Aeris Resources Ltd reported a strong financial performance for the half-year ended 31 December 2025. Revenue from contracts with customers increased by 5% to $306.3 million, driven by higher production at the Tritton Copper Operations and improved commodity prices. Adjusted EBITDA increased by 57% to $132.9 million, and profit after tax attributable to the owners of Aeris Resources Ltd grew by 62% to $47.9 million. The company's balance sheet was also strengthened during the period, with the completion of an $80 million institutional placement and a $21.6 million share purchase plan. The funds were used to repay the $50 million SPAM loan facility, significantly deleveraging the company's balance sheet. Operationally, the Tritton Copper Operations delivered higher copper production, while the Cracow Gold Operations processed lower-grade ore, resulting in reduced gold production. Exploration activities at Tritton continued to deliver positive results, with drilling highlighting potential for resource extensions at the Avoca Tank and Budgerygar deposits. The company also announced the divestment of its North Queensland copper assets to Dingo Minerals Pty Ltd for a total consideration of up to $8.5 million.
For the 2026 financial year, Aeris Resources expects to maintain production levels at both the Tritton Copper Operations and Cracow Gold Operations, with a focus on cost control and ongoing exploration to support future growth.
Aeris Resources is well-positioned for the future, with a strengthened balance sheet, a clear operational focus, and ongoing exploration programs to support the long-term sustainability of its business. The company remains committed to delivering value for shareholders through disciplined capital allocation and prudent financial management.