PRU H1 FY26 Results Announcement

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Or sign-in if you have an account.Perth, WA, Feb. 20, 2026 (GLOBE NEWSWIRE) — PERSEUS MINING REPORTS US$185.5 MILLION PROFIT AFTER TAX FOR H1 FY26 AND INCREASES INTERIM DIVIDEND BY 100% TO AUD 5.0 CENTS.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.Mid-tier, gold producer, developer and explorer, Perseus Mining Limited (ASX/TSX: PRU) is pleased to report material improvements across all key financial metrics including revenue, EBITDA, profit after tax, operating cash flow and net cash position in its Interim Financial Report for the six months ending 31 December 2025 (H1 FY26).HIGHLIGHTSGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Perseus’s CEO Craig Jones said: “As we have flagged, the first half of 2026 reflected a period where our mine sites transitioned into new mining areas along with significant advancement of our capital growth projects. Our strong operational results along with our low operating cost, produced robust cash flows further strengthening our superior balance sheet, enabling a 100% increase in our interim dividend to AUD 5.0 cents per share. With a strong balance sheet, high-margin operations, and a clear growth path, we believe we are well-positioned to continue delivering long-term value for our shareholders.”Table 1: Summary of Financial Performance for the six months ending 31 December 2025(1) Gross profit from operations before depreciation and amortisation(2) Net cash inflows from operating activities (3) Net cash used in investing activities(4) Calculated using the weighted average outstanding ordinary shares at 31 December 2025 of 1,352,118,732HALF YEAR FINANCIAL RESULT OVERVIEWDuring the six months ended 31 December 2025, Perseus continued to deliver strong results and deliver production levels within its market guidance. Perseus has benefited from higher gold prices, leading to higher cash margins during the half year, generating strong operating cash flows.Revenue increased against the 2024 comparative period by 5% to US$608 million due to a 38% increase in the average gold price realised of US$3,241/ounce, offset by 23% less gold sold, due to an expected decrease in production. Gold sold for the Group during the half year totalled 188,196 ounces at an all-in site cost (AISC) of US$1,649/ounce.Cost of sales increased by 28% (US$229 million to US$293 million) due to:The Group’s net profit after tax for the period ended 31 December 2025 was 8% lower on the comparative period at US$185.5 million (31 December 2024: US$201.1 million), after bringing to account:The Group maintained stable profit during the period, represented by the continued strong contribution from all three operating gold mines. The Group generated net cash from operating activities for the half year ended 31 December 2025 of US$193.4 million, down 22% on the comparative period (31 December 2024: US$247.6 million). This was primarily impacted by higher royalties described above. Revenue also benefited from the higher gold prices, offset by the anticipated decrease in gold sold.Cash outflows from investing activities increased 127% to US$166.9 million due to the ramp up in development activity at both; the Nyanzaga project in Tanzania; and the CMA Underground project in Cote D’Ivoire.As at 31 December 2025, Perseus had cash on hand of US$683.1 million (30 June 2025: US$751.8 million), and 16,450 ounces of gold bullion (30 June 2025: 22,722 ounces) valued at US$71.8 million using the prevailing spot price (30 June 2025: US$74.7 million).At the end of the period, the Group had net assets of US$2,465.0 million (30 June 2025: US$2,209.6 million) and an excess of current assets over current liabilities of US$781.5 million (30 June 2025: US$769.8 million). The Group’s net assets increased as a result of the strong cash generation benefiting from the current gold price environment utilised in acquiring more assets and the fair value gains on the investments in listed securities.DIVIDENDThe Directors have declared a record interim dividend of AU$ 5.00 cents per share, 100% increase on the FY25 interim dividend of 2.50 cents per share. This equates to a dividend yield of 0.91% based on a volume weighted average share price of A$5.499 at 31 December 2025, and an estimated outflow of US$47.3 million (A$67.6 million).Declaration date: 20 February 2026 Ex date: 5 March 2026 (TSX:6 March 2026) Record date: 6 March 2026 Payment date: 2 April 2026Group Gold Production and Cost Market GuidanceForecast group gold production and AISC for the 2026 Financial Year (FY26) is shown in the table below. AISC guidance is based on a spot gold price of US$3,900 per ounce.Table 2: Group gold production and AISC market guidance for FY26This market announcement was authorised for release by the Board of Directors of Perseus Mining Limited. IMPORTANT NOTICESCOMPETENT PERSON STATEMENT All production targets referred to in this release are underpinned by estimated Ore Reserves which have been prepared by competent persons in accordance with the requirements of the JORC Code.The information in this report that relates to the Mineral Resources and Ore Reserve was updated by the Company in a market announcement “Perseus Mining updates Mineral Resources and Ore Reserves” released on 21 August 2025. The Company confirms that all material assumptions underpinning those estimates and the production targets, or the forecast financial information derived therefrom, in that market release continue to apply and have not materially changed. The Company confirms that the material assumptions underpinning the estimates of Ore Reserves described in “Technical Report — Edikan Gold Mine, Ghana” dated 6 April 2022, “Technical Report — Yaouré Gold Project, Côte d’Ivoire” dated 18 December 2023, “Technical Report — Sissingué Gold Project, Côte d’Ivoire” dated 29 May 2015, and “Technical Report — Nyanzaga Gold Project, Tanzania” dated 10 June 2025 continue to apply.CAUTION REGARDING FORWARD LOOKING INFORMATION: This report contains forward-looking information which is based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Assumptions have been made by the Company regarding, among other things: the price of gold, continuing commercial production at the Yaouré Gold Mine, the Edikan Gold Mine and the Sissingué Gold Mine without any major disruption, the receipt of required governmental approvals, the accuracy of capital and operating cost estimates, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used by the Company. Although management believes that the assumptions made by the Company and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, as well as those factors disclosed in the Company’s publicly filed documents. The Company believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Assumptions have been made regarding, among other things, the Company’s ability to carry on its exploration and development activities, the timely receipt of required approvals, the price of gold, the ability of the Company to operate in a safe, efficient and effective manner and the ability of the Company to obtain financing as and when required and on reasonable terms. Readers should not place undue reliance on forward-looking information. Perseus does not undertake to update forward-looking information, except in accordance with applicable securities laws.CAPITAL STRUCTURE:Ordinary shares: 1,351,230,319Performance rights: 8,654,248REGISTERED OFFICE:Level 2437 Roberts RoadSubiaco WA 6008Telephone: +61 8 6144 1700www.perseusmining.comRick MenellNon-Executive ChairmanCraig JonesManaging Director & CEOAmber BanfieldNon-Executive DirectorElissa CorneliusNon-Executive DirectorDan LougherNon-Executive DirectorJohn McGloinNon-Executive DirectorJames RutherfordNon-Executive DirectorCraig JonesManaging Director & CEOcraig.jones@perseusmining.com Stephen FormanInvestor Relations+61 484 036 681stephen.forman@perseusmining.comNathan RyanMedia+61 420 582 887nathan.ryan@nwrcommunications.com.auPostmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. 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