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Highlights

  • Aeris Resources shares gained 1.96% to AUD 0.52 on 24 February 2026 following its HY26 results release.
  • Revenue increased 5% to AUD 306.3 million in HY26.
  • Net profit after tax rose 62% to AUD 47.9 million, exceeding full-year FY25 profit.
  • Operating cash flow strengthened 67% to AUD 97.3 million.
  • WHSP loan facility of AUD 50 million fully repaid and cancelled, materially deleveraging the balance sheet.

Aeris Resources Ltd (ASX:AIS) shares advanced 1.96% to AUD 0.52 on 24 February 2026, extending gains to 225% over the past year. Today’s move coincided with the release of the company’s statutory results for the half-year ended 31 December 2025 (HY26), which showed improved performance across key financial metrics and a favourable balance sheet.

Revenue and Margin Expansion

For HY26, revenue increased 5% year-on-year to AUD 306.3 million, supported by higher commodity prices. Cost of sales declined 9% to AUD 212.8 million compared to HY25, reflecting disciplined cost management.

As a result, gross profit climbed 57% to AUD 93.5 million. Adjusted EBITDA improved to AUD 133.0 million in HY26 from AUD 84.8 million in HY25, while statutory EBITDA rose 44% to AUD 116.1 million.

Administration expenses remained broadly stable period-on-period.

Profit Outpaces Prior Year

Net profit after tax rose 62% to AUD 47.9 million in HY26, up from AUD 29.6 million in HY25 and exceeding the full-year FY25 net profit of AUD 45.2 million.

Basic earnings per share increased 52% to 4.7 cents from 3.1 cents in the prior corresponding period.

Management attributed the improved result to sustained higher gold and copper prices combined with effective cost control across the group.

Cash Flow Strength and Deleveraging

Cash flow from operating activities increased 67% to AUD 97.3 million in HY26, compared to AUD 58.3 million in HY25. The favourable operating cash flows supported reinvestment into capital and exploration activities, including drilling at Constellation (Tritton).

Cash and equivalents rose to AUD 87.9 million on 31 December 2025 from AUD 28.2 million on 30 June 2025. Net assets improved 42% to AUD 452.6 million from AUD 317.8 million on 30 June 2025.

During the half, Aeris completed a capital raising of AUD 96.9 million (net of transaction costs). Part of the proceeds was used to fully repay and cancel the AUD 50 million WHSP (Washington H. Soul Pattinson) facility (AUD 40 million drawn), significantly reducing leverage and strengthening the balance sheet. The early repayment is expected to save approximately AUD 6 million in interest and fees.

Operational Update

Production during HY26 included 11,141 tonnes of copper from Tritton and 19,996 ounces of gold from Cracow. The company remains on track to meet FY26 group guidance.

Jaguar remained under care and maintenance during the period, while North Queensland operations transitioned to care and maintenance.

Investor Takeaway

Aeris’ HY26 results reflect favourable revenue, expanding margins, rising profitability and materially improved cash generation. The full repayment of the WHSP facility and increased unrestricted cash position further strengthened the balance sheet.

The combination of higher earnings, improved liquidity and reduced leverage appears to have supported the positive share price reaction, with investors likely to monitor continued operational delivery through the remainder of FY26.

Frequently Asked Questions (FAQs)

  1. Why did Aeris Resources shares rise on 24 February 2026?
    Shares of Aeris Resources Ltd (ASX:AIS) increased 1.96% to AUD 0.52 after the company reported favourable HY26 financial results and reduced debt.
  2. How did Aeris perform in HY26 compared to HY25?
    Revenue rose 5% to AUD 306.3 million, net profit after tax increased 62% to AUD 47.9 million, and operating cash flow climbed 67% to AUD 97.3 million.
  3. What financing steps did Aeris take during HY26?
    Aeris raised AUD 96.9 million in equity and fully repaid and cancelled its AUD 50 million WHSP facility, materially deleveraging the balance sheet.