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Alkane Resources Ltd (ASX:ALK)

ALERT: Price-sensitive ASX Announcement for ALK
Current share price for ALK : $1.305 -0.27 (-17.14%)+
Announcement
Release
15 May 2026 8:26AM
Price at Release
$1.575
Full Release
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Summary
Alkane Resources Ltd's Q3 FY2026 Interim Financial Report shows substantial growth in revenue and profit. For the nine months ended 31 March 2026, Alkane reported a total revenue of $678.3 million, a significant increase from the $184.7 million recorded in the same period the previous year. The company's net profit after income tax was $157.9 million, up from $8.1 million in 2025. This was driven by increased gold production and sales from its operations in Tomingley, Costerfield, and Björkdal. The company's total liabilities stood at $409.9 million, with net assets totaling $1,052.9 million. Alkane's financial position was bolstered by a significant increase in cash and cash equivalents, totaling $327.8 million at the end of the period. The company's shares are listed on multiple stock exchanges, including the ASX and TSX.
Key Points
  • Alkane's revenue for the nine months ended 31 March 2026 was $678.3 million.
  • Net profit after tax amounted to $157.9 million.
  • Gold production and sales significantly increased, contributing to revenue growth.
  • Total liabilities were $409.9 million, with net assets at $1,052.9 million.
  • Cash and cash equivalents increased to $327.8 million.
  • Alkane Resources Ltd is listed on ASX, TSX, and OTC Markets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.