How Did Aurelia Metals (ASX:AMI) Lift Earnings in FY26, and What Does FY27 Guidance Include?

Sonal Goyal

16 October 2026 07:53 PM AEDT

How Did Aurelia Metals (ASX:AMI) Lift Earnings in FY26, and What Does FY27 Guidance Include?

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Key Highlights

Revenue rose 40% to $480.2 million, statutory EBITDA rose 55% to $189.2 million and statutory net profit after tax rose 69% to $82.7 million for the year ended 30 June 2026.
The Board declared a fully franked final Dividend of 1.0 cent per share, a total of about $17.2 million, payable on 8 October 2026, with cash of $143.9 million and no drawn debt.
FY27 guidance includes 50 to 60koz of gold and group operating costs of $340 million to $375 million, up from $315.3 million in FY26.

Aurelia Metals Limited (ASX:AMI) reported its financial results for the full year ended 30 June 2026 (FY26) on 27 August 2026. The announcement covers higher earnings, a fully franked final dividend, a refinancing completed in June 2026, and guidance for FY27 and an outlook for FY28. All amounts are in Australian dollars. Aurelia operates three underground base metal mines across its Peak and Federation operations in the Cobar Basin of western New South Wales.

FY26 financial outcomes

Total Revenue increased 40% to $480.2 million (FY25: $343.5 million), which the company attributes to higher metal production and favourable Commodity prices. Statutory EBITDA increased 55% to $189.2 million (FY25: $121.9 million), and the statutory EBITDA Margin rose to 39.4% from 35.5%. Statutory net profit after tax increased 69% to $82.7 million (FY25: $48.9 million), equal to basic Earnings per share of 4.88 cents (FY25: 2.89 cents).

Total costs of sales, including Depreciation and amortisation, rose $79.3 million to $337.0 million, mostly because of higher Mining and processing volumes, including the start of commercial production at Federation.

Production and operating results

Group ore processed rose 28% to 806kt. Gold production was 50.4koz (FY25: 45.4koz), above the revised guidance of 45 to 50koz. Zinc output was 28kt (FY25: 17kt) and lead 18kt (FY25: 16kt), while copper production fell to 2.5kt from 2.7kt.

At Peak, mine development increased to 5,813 metres, but mined tonnes eased to 513kt from 545kt as the focus moved to higher-value ore. Federation mined 360kt of ore, up from 106kt and about 30kt ahead of plan, with 5,683 metres of development. Gold recoveries at the Peak plant improved to 94.5% and zinc recoveries to 85.2%.

Growth projects

The Tailings Thickener was commissioned in the fourth quarter of FY26, and the Tertiary Ball Mill is on track for commissioning in the first quarter of FY27. Together the Peak Plant Expansion projects lift processing capacity from 800ktpa to 1.1 to 1.2Mtpa, and the final regulatory approval for the higher throughput was received in August 2026.

The Great Cobar Feasibility Study outlined an initial schedule of 3.6Mt containing about 77kt of copper, 84koz of gold and 505koz of silver over eight years. First ore is targeted for FY28, with 500ktpa from FY30, and 1,823 metres of development was completed in FY26.

Balance sheet and dividend

Cash at 30 June 2026 was $143.9 million (30 June 2025: $110.1 million), with no drawn debt. On 24 June 2026 the company entered new senior secured facilities totalling $150 million: a $40 million revolving Credit Facility and a $30 million rehabilitation bonding facility, each with a three-year term, plus an $80 million rehabilitation bonding facility with a five-year term.

The final dividend is 1.0 cent per share, fully franked, with a total distribution of about $17.2 million. The ex-dividend date was 16 September 2026, the Record Date 17 September 2026 and the payment date 8 October 2026.

FY27 guidance and FY28 outlook

FY27 guidance is 50 to 60koz of gold, 2.5 to 3.5kt of copper, 26 to 34kt of zinc and 17 to 25kt of lead. Group operating costs are guided to $340 million to $375 million, sustaining Capital to $65 million to $75 million, growth capital to $50 million to $70 million, exploration to $14 million to $18 million and Dargues rehabilitation to $10 million to $12.5 million. Cobar Region unit costs are guided to $300 to $330 per tonne processed, 11% to 19% lower than FY26.

For FY28 the company expects gold production to continue at similar levels and operating costs to increase, including the first costs from Great Cobar stope production planned for the second half of FY28.

FAQs

Q: What did Aurelia Metals (ASX:AMI) report on 27 August 2026?

A:Results for the year ended 30 June 2026, with revenue of $480.2 million, statutory EBITDA of $189.2 million and statutory net profit after tax of $82.7 million.

Q: What dividend was declared?

A:A fully franked final dividend of 1.0 cent per share, about $17.2 million in total, with a record date of 17 September 2026 and payment on 8 October 2026.

Q: Did any production figure fall?

A:Yes. Copper production was 2.5kt against 2.7kt in FY25, and mined tonnes at Peak eased to 513kt from 545kt.

Q: What is the FY27 gold guidance?

A:50 to 60koz, compared with 50.4koz produced in FY26.

Q: When is first ore expected at Great Cobar?

A:First ore is targeted for FY28, with stope production planned for the second half of FY28.

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