Alkane posts FY26 net profit after tax of A$228.7 million, up 592%
AI Market Summary
Alkane reported record FY26 results, with net profit up 592% and revenue up 257%, driven by a 140% jump in gold-equivalent production across three mines and a higher realised gold price. The company also declared its first fully franked dividend and reiterated FY27 production and cost guidance, signalling stronger sector cash generation. The update is supportive for gold-related risk sentiment and reinforces high-margin conditions.
Impact level
● Medium
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▲ Bullish
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Gold miner Alkane reported FY26 net profit after tax of A$228.7 million, up 592% year on year. The result was driven by a 140% jump in gold production to 168,337 ounces from the Tomingley, Costerfield and Björkdal mines, alongside an average realised gold price of A$5,664 per ounce. Revenue rose 257% from a year earlier. The company ended the year with A$454 million in cash, bullion and listed investments.
