Evolution Mining
EVN.ASXMaterials
Gold mining
Market Data
$12.125
+0.0%$23.7B
17.7x
$0.660
2.83%
-0.0%
Latest Earnings
March 2026 Quarterly Report
15 April 2026
Evolution Mining achieved a net cash position of $42M in Q3 FY26 with strong operational performance generating $406M group cash flow ($2,482/oz), driven by record net mine cash flows at Mungari ($175M) and Red Lake ($104M). The company remains on track to deliver full-year FY26 guidance with March quarter gold production of 170koz at an AISC of $2,220/oz, though Ernest Henry's copper production was impacted by additional rainfall, expected to reduce FY26 copper output by 6-8kt total. Key points: Achieved net cash position of $42M, demonstrating rapid deleveraging of 31% in just over two years; Record quarterly net mine cash flows at Mungari ($175M, +68% QoQ) and Red Lake ($104M, +30% QoQ) showcasing operational excellence; Strong cash generation with $406M group cash flow at $2,482/oz in Q3, supporting $1.371B cash balance with total liquidity of $1.896B
Recent Announcements
March 2026 Quarterly Report
Evolution Mining achieved a net cash position of $42M in Q3 FY26 with strong operational performance generating $406M group cash flow ($2,482/oz), driven by record net mine cash flows at Mungari ($175M) and Red Lake ($104M). The company remains on track to deliver full-year FY26 guidance with March quarter gold production of 170koz at an AISC of $2,220/oz, though Ernest Henry's copper production was impacted by additional rainfall, expected to reduce FY26 copper output by 6-8kt total. Key points: Achieved net cash position of $42M, demonstrating rapid deleveraging of 31% in just over two years; Record quarterly net mine cash flows at Mungari ($175M, +68% QoQ) and Red Lake ($104M, +30% QoQ) showcasing operational excellence; Strong cash generation with $406M group cash flow at $2,482/oz in Q3, supporting $1.371B cash balance with total liquidity of $1.896B
FY26 Half Year Results Presentation
Evolution Mining delivered record FY26 half year financial performance with underlying profit after tax of $785M (up 104%), driven by strong gold and copper prices and consistent operational delivery. The company declared a record interim dividend of 20 cents per share, significantly higher returns to shareholders, and improved balance sheet flexibility with gearing at just 6%. Key points: Record underlying EBITDA of $1.6B with 57% margin; Record interim dividend of 20 cents per share (186% increase); Strong balance sheet with 6% gearing and no debt repayments until FY29
FY26 Half Year Financial Results and Interim Dividend
Evolution Mining delivered record half-year results with statutory net profit of $767M (up 110%) and underlying net profit of $785M (up 104%), driven by strong operational performance and favorable commodity prices. The company declared a record interim dividend of 20 cents per share, fully franked, and significantly improved its balance sheet with gearing reduced to just 6%. Key points: Record statutory net profit of $767M, up 110% from prior period; Record underlying EBITDA of $1,589M with improved margin of 57%; Record interim dividend of 20 cents per share, fully franked, up 186%
Appendix 4D and FY26 Half Year Financial Report
Evolution Mining delivered record H1 FY26 results with statutory profit of $766.6M (+110% vs prior period) and record EBITDA of $1,562M (+59%), driven by higher gold ($5,726/oz vs $3,875/oz) and copper prices. The company declared a 20.0 cents fully franked interim dividend while updating FY26 guidance to the favorable end, with AISC guidance improving to $1,640/oz from $1,760/oz. Key points: Record statutory net profit of $766.6M (+110%) and underlying profit of $785.2M; Record underlying EBITDA of $1,589.2M (+57%) driven by higher commodity prices and consistent production; Strong cash generation with record operating cash flow of $1,733.4M (+75%) and cash balance of $966.5M
Earnings Release - 11 February 2026
Upcoming earnings release expected 11 February 2026 (from Yahoo Finance (confirmed))
FY26 Half Year Results Conference Call Notification
This is a conference call notification for Evolution Mining's half-year results ending December 31, 2025, to be released February 11, 2026. The announcement contains no financial results, only logistical details for the upcoming earnings call. No performance data or outlook changes are provided in this notification. Key points: Diversified portfolio of six operating mines across Australia and Canada; Clear production and cost guidance for FY26 already established; Management team led by experienced CEO Lawrie Conway and CFO Fran Summerhayes
December 2025 Quarterly Report
Evolution Mining delivered record cash flow momentum in Q4 FY26 with operating mine cash flow of $1.1B (+57% QoQ) and net mine cash flow of $727M (+100%), while maintaining sector-leading AISC of $1,275/oz despite a weather impact at Ernest Henry. The company raised cash balance to $967M and improved gearing to 6%, with FY26 guidance updated to AISC of $1,640-$1,760/oz (6% improvement) reflecting strong cost control, though production slightly impacted by the weather event. Key points: Record operating mine cash flow of $1.1B (+57% QoQ) and record net mine cash flow of $727M (+100% YoY), delivering $3,759/oz and $2,130/oz respectively; Sector-leading AISC of $1,275/oz in December quarter; FY26 guidance improved 6% to $1,640-$1,760/oz reflecting continued cost control and higher by-product credits; Strong balance sheet improvement with cash balance rising to $967M (+$187M in quarter), gearing declining to 6% (from 11% prior quarter), and no debt payments due until November 2028
Appendix 4E and FY25 Financial Report
Evolution Mining achieved record FY25 statutory net profit after tax of $926.2 million (up 119% YoY) and underlying EBITDA of $2,206.8 million (up 46%), driven by record gold production of 750.5koz, higher realized metal prices (gold at $4,300/oz, up 35%), and strong operational cash generation of $2,288.0 million. The company declared a fully franked final dividend of 13.0 cents per share (25th consecutive dividend) and maintained guidance on major growth projects including Mungari mill expansion and Cowal's 10+ year pit extension. Key points: Record statutory NPAT of $926.2M (+119% YoY) and underlying NPAT of $958.2M (+99% YoY), demonstrating exceptional profitability; Underlying EBITDA increased 46% to $2,206.8M, with EBITDA margin expanding to 51% from 47%, reflecting strong operational leverage and higher metal prices; Record operating cash flow of $2,288.0M (+49% YoY) and net mine cash flow of $1,035.4M (+78% YoY) provide substantial capital flexibility for growth projects
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