Genesis Minerals Ltd FY26 Results: EBITDA Doubles
Key points
- EBITDA more than doubles to A$952m
- Cash and equivalents up 81% to A$520m
- Maiden fully franked dividend of A5.0 cents per share
- Acquisition of Magnetic Resources completed
Full summary
Genesis Minerals Ltd announced strong financial results for FY26, with EBITDA more than doubling to A$952 million, cash and equivalents rising by 81% to A$520 million, and a maiden fully franked dividend of A5.0 cents per share. The company also completed the acquisition of Magnetic Resources, enhancing its asset base. The company's strategic plan for the first half of 2027, post-merger with Vault, aims to create a top 20 global gold company with significant synergies.
Guidance
FY27 production 270,000 - 300,000oz; AISC A$2,750 - 3,050/oz
Outlook
The proposed merger with Vault is expected to create a top 20 global gold company with potential synergies of ~A$2.0b over 10 years.
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