Alkane Resources (ALK) H2 2025 earnings summary

Executive summary

• Delivered profit after tax of A$33 million for FY2025, up 87% year-over-year.

• Gold production increased 23% to 70,120 ounces, driven by higher grade ore and improved recoveries.

• Completed a merger of equals with Mandalay Resources, effective August 5, 2025.

Financial highlights

• Gold revenue rose 52% to A$262.4 million compared to FY2024.

• Tomingley profit before tax increased 84% to A$60.9 million.

• All-in sustaining cost (AISC) was A$2,561 per ounce.

• Cash, bullion, and listed investments totaled A$60.3 million at year-end.

Outlook and guidance

• Positioned for growth in production and financial performance following the merger.

• Ongoing exploration and capital investment expected to support future resource growth.