Highlights

  • Northern Star Resources’ share price increased by 67.47% over the past year.
  • For the half-year ended 31 December 2025, the company reported a 19% rise in revenue and a 30% increase in EBITDA Northern Star declared a fully franked dividend of AUD 0.25 per share and announced plans to invest AUD 2.3-2.4 billion in growth projects.

Northern Star Resources Ltd (ASX:NST) is an ASX-listed global gold producer with operations spread across Western Australia and Alaska. NST shares have shown impressive momentum recently, closing at AUD 29.76, marking a 1.57% increase on the latest trading day (24 February 2026). Over the past year, NST’s share price surged by 67.47%.

The stock gained 7.83% over the last month and 5.42% in the past week, indicating sustained interest from the market. In addition, Northern Star’s shares increased 60.00% over the six-month period.

The company’s 52-week high was AUD 30.21, reached on 12 February 2026, while the 52-week low was AUD 15.30 on 1 August 2025.

Financial Performance Highlights Support Share Gains

NST reported a 19% year-on-year increase in revenue for the half-year ended 31 December 2025 (1HFY26), reaching AUD 3,414.3 million. EBITDA rose by 30% YoY to AUD 1,810.7 million, and net profit after tax climbed 41% YoY to AUD 714.4 million. These results were largely driven by a 31% increase in the average realised gold price to AUD 4,670 per ounce, offsetting a slight decrease in gold ounces sold.

Dividend Announcement and Outlook

Northern Star declared a fully franked dividend of AUD 0.25 per share for the six months ending 31 December 2025. Key dates include an ex-dividend date on 4 March 2026, and payment on 26 March 2026. A Dividend Reinvestment Plan (DRP) will be available, offering shareholders an option to reinvest dividends into additional shares.

The company revised its FY26 production guidance to 1,600-1,700 thousand ounces of gold, with an increased All-In Sustaining Cost forecast of AUD 2,600-2,800 per ounce. This adjustment signals a conservative operational approach due to lower gold sales and higher royalties.

The upcoming KCGM Mill Expansion, scheduled for FY27, is expected to improve cash flow and operational efficiency. Northern Star plans capital investments of AUD 2.3-2.4 billion in growth projects, including the Hemi Development Project, to enhance its position as a low-cost global gold producer and support long-term production growth.

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency, is 24 February 2026. The reference data in this report has been partly sourced from EODHD/Others.

 

Technical Indicators Defined:

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.