Alkane Resources (ALK) Q3 2026 TU earnings summary

Executive summary

• Achieved record operational and financial results in Q3 FY2026, with all three mines performing strongly and net profit reaching $93 million, up from $8.1 million in Q3 2025, driven by strong gold and antimony prices and expanded production portfolio.

• Produced 45,800 gold equivalent ounces in Q3, up 5% from Q2, and 120,000 ounces year-to-date, tracking toward full-year guidance.

• Revenue surged to $274 million, a significant increase from $63.2 million in Q3 2025, reflecting higher production and sales post-Mandalay merger.

• EBITDA reached $161 million, with free cash flow of $127.6 million, both at record levels for the company.

• Ended the quarter with a robust cash, bullion, and investment balance of $374 million.

Financial highlights

• Q3 group revenue reached a record AUD 274 million ($274.4 million), up 334% year-over-year, on sales of 42,500 oz gold and 280 tons antimony.

• Operating cash flow was AUD 189 million ($161.4 million), up 42% from Q2 and significantly higher year-over-year.

• EBITDA for Q3 was a record AUD 161 million ($161 million); nine-month EBITDA totaled AUD 334 million with a margin just under 50%.

• Net profit after tax for Q3 was AUD 93 million (AUD 0.681/share), compared to $8.1 million (1.34 cents/share) in Q3 2025.

• All-in sustaining costs (AISC) consolidated at just over AUD 2,900/oz ($2,928/oz), slightly higher than Q2 and up from $2,590 year-over-year.

Outlook and guidance

• On track to achieve the top end of annual production guidance of 155,000–168,000 gold equivalent ounces and AISC of $2,600–$2,900/oz.

• Growth and exploration capital expenditures for FY2026 expected to be $78–88 million.

• Aggressive capital and exploration deployment of around AUD 80 million to drive organic growth.

• Boda-Kaiser copper-gold project advancing toward project approval application by late 2027 or early 2028.

• Capital management strategy, including dividends and buybacks, to be announced in the second half of 2026.