Highlights

  • FY26 net profit after tax was AUD 715 million and EBITDA reached AUD 1.34 billion.
  • Gold production for FY26 was 379,050 ounces; cash and bullion reached AUD 1.18 billion.
  • September-quarter production was approximately 83,000 ounces at AISC of AUD 3,617 per ounce.
  • FY27 guidance remains 360,000–400,000 ounces at AISC of AUD 2,990–3,390 per ounce.

Regis Resources Limited (ASX:RRL) produces gold in Western Australia through its Duketon operations and a 30% interest in Tropicana. Its 2026 disclosures combine higher full-year Earnings and cash holdings with a September quarter in which costs exceeded the full-year guidance range. At the same time, Regis is investing in mine development and addressing regulatory steps for McPhillamys in New South Wales. The distinction between reported results, company guidance and projects awaiting approval is important when considering the next phase of operations.

FY26 earnings and available capital

For the year ended 30 June 2026, Regis Resources Limited (ASX:RRL) reported net profit after tax of AUD 715 million, an increase of AUD 461 million, and EBITDA of AUD 1.34 billion. Production totalled 379,050 ounces, with an average realised gold price of AUD 6,283 per ounce. Cash and bullion at year-end stood at AUD 1.18 billion, up AUD 667 million over the year. The company declared a 20-cent final dividend, comprising a 15-cent ordinary component and a 5-cent special component, taking total FY26 dividends to 35 cents per share. These figures describe a year of substantial cash generation, but do not eliminate the operating and development expenditure scheduled for FY27.

September production and cost pressure

Regis Resources Limited (ASX:RRL) produced about 83,000 ounces in the September quarter of FY27, including 56,100 ounces from Duketon and approximately 27,000 ounces attributable to its Tropicana interest. Group AISC was AUD 3,617 per ounce, above the full-year guidance range of AUD 2,990–3,390. The company maintained production guidance of 360,000–400,000 ounces. Management identified diesel pricing as one contributor to quarterly costs, reporting an average of AUD 1.45 per litre at Duketon against a guidance assumption of AUD 1.35. The company estimated that a 10-cent change in diesel prices affects AISC by approximately AUD 25 per ounce. Quarterly costs should therefore be monitored separately from full-year targets.

Duketon Investment and Tropicana output

Regis Resources Limited (ASX:RRL) is progressing underground and open-pit work across Duketon. Disclosed activities include Rosemont Stage 3 underground development, a paste-fill plant at Garden Well, the Ben Hur cutback and development at BuckWell. FY27 growth Capital is guided at AUD 250–270 million, with exploration spending of AUD 80–90 million. Tropicana contributed around 27,000 attributable ounces in the September quarter and AUD 90 million of operating cash flow. The Havana Underground project targets first ore in the first half of calendar 2027. Each project has different scheduling, grade and cost considerations; planned spending should not be interpreted as evidence that future output has already been delivered.

McPhillamys and near-term cash demands

Regis Resources Limited (ASX:RRL) reinstated a Probable Ore Reserve at McPhillamys in June 2026 of 56 million tonnes at 1.1 grams per tonne, containing 1.89 million ounces. An October Federal Court decision invalidated an earlier Section 10 declaration, but it did not constitute approval to construct the mine. A further ministerial decision and other project steps remain relevant. The company guided FY27 McPhillamys spending at AUD 30–35 million. At 30 September, cash and bullion had increased to AUD 1.28 billion, including a transaction break fee. A material catch-up tax payment relating to FY26 was also expected in the December quarter, so quarter-end cash should not be treated as freely available after all obligations.

Key Insights

Regis Resources Limited (ASX:RRL) enters FY27 with substantial reported cash and bullion but also elevated quarterly sustaining costs and a defined development programme. Production delivery, diesel costs, underground execution and the outstanding McPhillamys approval process are more informative near-term checkpoints than headline profit alone.