Genesis Minerals Limited (ASX:GMD)

ALERT: Price-sensitive ASX Announcement for GMD

Current share price for GMD : $7.650 -0.32 (-4.02%)⁺

Announcement

EBITDA more than doubles to A$952m on strong margins

Release

20 Aug 2026 2:57PM

Price at Release

$7.970

Full Release

Summary

Genesis Minerals Limited reported significant financial growth for the fiscal year 2026, with EBITDA more than doubling to A$952.4 million, an increase of 110% compared to the previous year. This growth was driven by a combination of increased production and effective cost management, which allowed the company to capitalize on strong gold prices, enhancing margins and free cash flow. Genesis also declared a maiden fully franked dividend of 5.0 cents per share and made strategic investments, including the acquisition of Magnetic Resources. The company is set to merge with Vault, aiming to become a top global gold producer, leveraging potential synergies estimated at A$2.0 billion over ten years.

Key Points

EBITDA increased by 110% to A$952.4 million.
Sales revenue rose by 89% to A$1,742.4 million.
Gold production increased by 33% to 285,402 ounces.
Cash and equivalents grew by 81% to A$520.1 million.
Declared a maiden fully franked dividend of 5.0 cents per share.
Completed acquisition of Magnetic Resources for A$447 million.
Agreed merger with Vault to create a top 20 global gold company.
Projected A$2.0 billion in synergies over 10 years from the merger.

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.