App 4E, FY26 Financial Results Overview and Annual Report

Key points

• Record Group Copper Equivalent production of 154.2kt in FY26
• More than tripled Underlying Earnings to $350M
• Secured exclusive right to acquire 80% interest in Kalkaroo Copper-Gold Project
• Declared a fully franked final dividend of 35 Australian cents per share
• Net cash balance of $353M at year end

Full summary

Sandfire Resources Ltd has reported its FY26 financial results, showcasing a remarkable performance driven by strong operational achievements and elevated commodity prices. The company delivered a Group Copper Equivalent production of 154.2kt, comfortably within the annual guidance range. Financial highlights include a 41% increase in sales revenue to $1.7B, a 282% increase in profit, and a 214% increase in Underlying Earnings to $350M. The company also secured an exclusive right to acquire an 80% interest in the Kalkaroo Copper-Gold Project and declared a fully franked final dividend of 35 Australian cents per share. The strong financial performance is supported by a net cash balance of $353M at year end.

Guidance

FY27 Group CuEq production expected between 150kt and 166kt, capital expenditure to increase by 30% to $299M

Outlook

Sandfire expects Group CuEq production within a range of 150kt and 166kt in FY27, with a 30% increase in capital expenditure to $299M to accelerate drilling at the Kalkaroo Copper-Gold Project.