Fully Franked 2.0cps Final Dividend Declared
Alkane is pleased to release its results for the year ended 30 June 2026, with the Appendix 4E and full year statutory accounts linked below. The table below is a summary of the financial results:
| June 2026 | June 2025 | Change | Change % | |
|---|---|---|---|---|
| Net profit after tax (A$’000) | 228,722 | 33,043 | 195,679 | 592% |
| Revenue (A$’000) | 935,822 | 262,362 | 673,460 | 257% |
| Basic earnings per share (cents) | 17.69 | 5.46 | 12.23 | 224% |
| Gold sales (AuEq ounces)¹ | 164,878 | 69,774 | 95,104 | 136% |
| Gold production (AuEq ounces)* | 168,337 | 70,120 | 98,217 | 140% |
| Cash and bullion (A$ million) | 438.9 | 60.3 | 378.6 | 628% |
Alkane delivered a record performance in FY26, the Company’s first year as a multi-asset gold and antimony producer following completion of the transformational merger of equals with Mandalay Resources Corporation on 5 August 2025.
The enlarged group’s three operations – Tomingley in New South Wales, Costerfield in Victoria and Björkdal in Sweden – delivered record full year gold equivalent production of 168,337 ounces¹ which, combined with an average realised gold price of A$5,664 per ounce (FY25: A$3,770), drove record revenue, profit and cashflow. The Group closed the year with cash, bullion and listed investments of A$454 million.
Reflecting the record result and the strength of the balance sheet, the Board has declared Alkane’s maiden fully franked dividend of 2.0 cents per share in respect of FY26.
Alkane also re-iterates the FY27 guidance released to the ASX on 21 July 2026 group gold equivalent production of 163-177kozs gold equivalent ounces¹ at an all-in sustaining cost of $2,900-3,200 per ounce. Guidance by operation is set out under FY27 Guidance below.
Alkane Managing Director & CEO, Nic Earner, said: “FY26 was a transformational year for Alkane. The merger with Mandalay created a three-mine gold and antimony producer of scale, and record production, revenue and profit in our first year as a combined group demonstrate the quality of the business we have built. The declaration of Alkane’s maiden dividend is a significant milestone in the Company’s history, and reflects both the strength of our balance sheet and the Board’s confidence in the outlook for the Company – a confidence underlined by our FY27 guidance.
“Alkane’s Board and management thank the employees and contractors of the Company for their strong and continued commitment to safety, production and exploration performance.”
Dividend information
The key dates for the FY26 final dividend are as follows:
| Event | Date |
|---|---|
| Ex-dividend date | 7 September 2026 |
| Record date | 8 September 2026 |
| Payment date | 1 October 2026 |
FY27 Guidance
Alkane re-iterates the FY27 guidance for the group released to the ASX on 21 July 2026, as set out below:
| Tomingley | Costerfield | Björkdal | Group | |
|---|---|---|---|---|
| Gold equivalent production (oz)¹ | 78-84 | 44-48 | 41-45 | 163-177 |
| AISC (A$/oz AuEq) | 2,600-2,900 | 2,700-3,000 | 3,300-3,700 | 2,900-3,200 |
| Growth capital (A$ million) | 90-100 | 30-40 | 40-50 | 160-190 |
| Exploration (A$ million) | 15-17 | 20-23 | 10-13 | 45-53 |
| Boda/Kaiser & Other Exploration (A$ million) | 10-12 |
Alkane is not aware of new information materially affecting the guidance and its underlying assumptions continue to apply.
1. Gold equivalent ounces calculated by multiplying quantities of gold and antimony in period by respective average market price of commodities in period, adding the two amounts to get ‘total contained value based on market price’ and dividing that total contained value by the average market price of gold in period. I.e., AuEq = ((Au Produced x Au $/oz) + (Sb Produced pre-payability x 70% payability x Sb $/t)) / (Au $/oz). The average market prices for the June quarter were $6,349/oz Au (being the average of the daily PM price, sourced from www.lbma.org.uk) and $30,675/t Sb (being the average Shanghai Metal Market Price sourced from www.metal.com). The AUD:USD exchange rate for the June quarter was 0.7098. Average market prices for the March, December and September quarters of FY26 were A$7,015/oz Au and A$29,449/t Sb; A$6,299/oz Au and A$30,245/t Sb; and A$5,283/oz Au and A$33,508/t Sb respectively, using AUD:USD exchange rates of 0.6946, 0.6565 and 0.6544. Metallurgical recoveries for gold and antimony are well established through current and historical plant performance. Antimony is recovered into a gold-antimony concentrate and sold under existing offtake arrangements. It is the Company’s opinion that all of the elements included in the metal equivalent calculation have a reasonable potential to be recovered and sold.