FY26 Financial Results

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Stock Northern Star Resources Ltd (NST.ASX)
Release Time 20 Aug 2026, 7:54 a.m.
Price Sensitive Yes
 Northern Star Resources FY26 Financial Results
Key Points
  • Reported NPAT of A$1.7 billion, up 24% YoY
  • Underlying EBITDA of A$4.3 billion, free cash flow of A$190 million
  • FY26 dividend of 55 cents per share, fully franked
  • FY27 outlook: Group gold production 1,500-1,650koz at AISC of A$3,050-3,450/oz
  • KCGM production 550-650koz, reflecting early stages of commissioning and ramp-up
Full Summary

Northern Star Resources Ltd (ASX: NST) reports record financial performance for the year ended 30 June 2026, with a 24% year-on-year increase in Net Profit After Tax (NPAT) to A$1.7 billion. The company reported an underlying EBITDA of A$4.3 billion and underlying free cash flow of A$190 million. The strong financial performance is supported by a robust investment-grade balance sheet, with cash and bullion totaling A$1.2 billion. The company also declared a fully franked dividend of 55 cents per share, at the upper end of its dividend policy range. Looking ahead to FY27, Northern Star is positioned for the next era of growth with the commissioning of the expanded 27Mtpa processing facility at the Kalgoorlie Consolidated Gold Mine (KCGM). The company forecasts group gold production of 1,500-1,650koz at an All-in Sustaining Cost (AISC) of A$3,050-3,450/oz, with KCGM production expected to be in the range of 550-650koz as it ramps up. The company also expects to invest A$2,550-2,935 million in capital, including growth and sustaining capital, with flexibility to manage the timing and sequencing of expenditure.

Guidance

FY27: Group gold production 1,500-1,650koz, AISC A$3,050-3,450/oz, capital investment A$2,550-2,935 million

Outlook

Northern Star Resources is well-positioned for growth with the commissioning of the expanded 27Mtpa processing facility at KCGM. The company expects to deliver group gold production of 1,500-1,650koz at an AISC of A$3,050-3,450/oz in FY27, with KCGM production expected to be in the range of 550-650koz as it ramps up.