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Genesis Minerals Limited (ASX:GMD)

ALERT: Price-sensitive ASX Announcement for GMD
Current share price for GMD : $7.600 0.64 (9.20%)+
Announcement
Release
19 Feb 2026 8:09AM
Price at Release
$6.960
Full Release
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Summary
Genesis Minerals Limited reported significant financial and operational achievements in its FY26 Half Year Report, ending 31st December 2025. The company experienced a four-fold increase in net profit after tax (NPAT) to A$238 million, driven by a 58% rise in production and a strong gold price. Sales revenue soared by 142% to A$820.3 million, with a notable increase in gold production. The company's accelerated growth strategy is supported by robust cash flow and a strong balance sheet, holding A$403.6 million in cash and bullion with no corporate debt by year-end. Genesis is advancing the development of the Tower Hill project and plans to release an updated long-term growth strategy in September 2026.
Key Points
  • NPAT increased 298% to A$238 million.
  • Sales revenue up 142% to A$820.3 million.
  • Gold production rose to 147,139 ounces.
  • No corporate debt by 31st December 2025.
  • Cash and bullion held at A$403.6 million.
  • Accelerated growth strategy progressing well.
  • Tower Hill development ahead of schedule.
  • Updated growth strategy to be released in September 2026.
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.