Record FY26 Financial Results
Aurelia Metals posts record FY26 revenue and declares dividend following strong production growth.
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Key Points
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Aurelia arranged a $150 million debt facility comprising a $110 million performance bond facility and a $40 million revolving credit facility, structured across three- and five-year terms, and arranged with Citi, Credeq (as agent for Swiss Re) and HSBC; the facility includes an undrawn revolving credit facility.
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The company paid an $8.0 million cash outlay for the purchase of a royalty over EL6162 during the period.
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FY27 production guidance is for gold 50,000–60,000 oz, copper 2,500–3,500 t, lead 26,000–34,000 t and zinc 17,000–25,000 t, with planned ore processing of 1.05–1.15 Mt; Cobar Region unit costs forecast at $300–$330/t processed, group operating costs excluding Dargues of $340–$375m, and total growth capex/exploration of $64–$88m.
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Great Cobar remains on track with first ore targeted in FY2028, while the Peak Plant Expansion is advancing, including the commissioning of a Tailings Thickener and progress on the Tertiary Ball Mill project to boost processing capacity.
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Aurelia declared a fully franked final dividend of 1.0 cent per share for FY26; a separate dividend of 0.01 per share for the twelve months ended 30 June 2026 will be paid on 8 October 2026, with ex-div date 16 September 2026 and record date 17 September 2026.
Aurelia Metals posted record FY26 revenue of $480.2 million, up 40% from the prior year, driven by stronger gold and base metal production and higher commodity prices Kalkine. The company reported EBITDA of $189.2 million with a 39.4% margin and net profit after tax of $82.7 million, earning 4.88 cents per share. Management declared a fully franked final dividend of 1.0 cent per share, signaling robust cash generation and disciplined capital management.
Gold and Metal Production Drives 55% EBITDA Surge
Aurelia's EBITDA jumped 55% to $189.2 million in FY26 from $121.9 million in FY25 Kalkine, fueled by increased metal output and favorable commodity prices. Gold production reached 50.4 koz during the year. The company's Cobar Region generated operating cash flow of $140.5 million, underlining the strength of core operations. Higher base metal volumes also contributed to the strong showing.
New $150 Million Debt Facility Funds Growth Projects
Aurelia refinanced its debt structure with a new $150 million facility arranged with Citi, Credeq, and HSBC. The package comprises a $110 million performance bond facility and a $40 million revolving credit facility, structured across three- and five-year terms. The company ended FY26 with no drawn debt and $143.9 million in cash, plus total liquidity of $183.9 million. This capital flexibility supports upcoming growth projects.
Great Cobar and Peak Expansion Target Production Growth
Great Cobar remains on track to produce first ore in FY2028, advancing Aurelia's long-term growth strategy. The Peak Plant Expansion is progressing with commissioning of a Tailings Thickener and work on a Tertiary Ball Mill project to boost processing capacity. FY27 guidance calls for gold output of 50,000–60,000 oz and base metals including copper, lead, and zinc. The company plans to process 1.05–1.15 million tonnes of ore in FY27.
Dividend Reflects Capital Discipline and Shareholder Returns
Aurelia declared a fully franked final dividend of 1.0 cent per share for FY26, with an additional separate dividend of 0.01 cents per share for the twelve months ended June 30, 2026 TipRanks. The dividend will be paid on October 8, 2026, with an ex-dividend date of September 16, 2026. The fully franked status means Australian shareholders can claim franking credits. The payout reflects strong cash generation and the company's balanced approach to growth investment and shareholder returns.
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