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Genesis Minerals Limited (ASX:GMD)

ALERT: Price-sensitive ASX Announcement for GMD
Current share price for GMD : $8.360 0.39 (4.89%)+
Announcement
Release
20 Aug 2026 2:56PM
Price at Release
$7.970
Full Release
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Summary
Genesis Minerals Limited reported substantial financial growth for the year ending on 30 June 2026, as outlined in their Appendix 4E. The company saw an 89% increase in revenue from ordinary activities, reaching $1.742 billion, and a 172% increase in net profit to $601.8 million. The final dividend for FY26 is to be 5.0 cents per share, 100% franked, with payment scheduled for 5 October 2026. Genesis completed the acquisition of Magnetic Resources NL and announced a subsequent merger with Vault Minerals Limited, which will see Genesis shareholders holding a majority stake in the enlarged group. The report also notes a significant increase in both basic and diluted earnings per share.
Key Points
  • Genesis Minerals reported an 89% increase in revenue.
  • Net profit increased by 172% to $601.8 million.
  • Final FY26 dividend is 5.0 cents per share, 100% franked.
  • Acquisition of Magnetic Resources NL completed for $620 million.
  • Merger agreement with Vault Minerals Limited announced.
  • Basic earnings per share rose by 170%.
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.