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Highlights

  • Bell Potter, Ord Minnett, and Macquarie all issued Buy-oriented ratings on Aeris Resources, with target prices ranging from AUD 0.28 to AUD 0.35.

  • Aeris reported a 286% increase in net profit after tax to AUD 45.2 million in FY25.

  • FY26 guidance includes copper production of up to 29kt and exploration spend of up to AUD 23 million.

Aeris Resources Limited (ASX:AIS), an Australian diversified mining company, has received updated analyst ratings following the release of its full-year FY25 financial results and FY26 production guidance.

Analyst Ratings

  • Bell Potter Securities analyst David Coates maintained a Buy rating with a price target of AUD 0.35, representing a 32.08% upside from the current trading price of AUD 0.2875 (as at 4 September 2025).

  • Ord Minnett analyst Paul Kaner issued a Speculative Buy rating with a target price of AUD 0.29, implying a potential 9.43% increase from the current price.

  • Macquarie Research analyst Adam Baker rated Aeris as Outperform, setting a target price of AUD 0.28, reflecting a 5.66% upside.

The combined recommendations place Aeris in the Buy category, with an average target price of AUD 0.29.

FY25 Financial Performance

Aeris delivered a significant uplift in financial performance for the year ended 30 June 2025:

  • EBITDA rose 78% to AUD 163.7 million.

  • Net profit after tax surged 286% to AUD 45.2 million.

  • Operating cash flow increased 109% to AUD 130.9 million.

  • Net assets grew 17% to AUD 317.8 million.

  • The company ended FY25 with cash and receivables of AUD 49.5 million.

Debt stood at AUD 40 million at year-end, with AUD 10 million remaining undrawn from its AUD 50 million facility provided by WHSP. Available tax losses of AUD 434 million provide additional balance sheet flexibility.

FY26 Production and Guidance

For FY26, Aeris issued the following production and capital expenditure guidance compared to FY25:

  • Copper production: 24–29kt.

  • Gold production: 44–56koz.

  • Silver production: 240–293koz.

  • Total copper equivalent production: 40–49kt Cu eq.

  • Mine operating costs: AUD 302–369 million.

  • Sustaining capital: AUD 57–70 million.

  • Growth capital: AUD 65–80 million.

  • Exploration expenditure: AUD 18–23 million.

  • Starting cash and receivables: AUD 49.5 million.