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Ora Banda Mining Ltd (ASX:OBM)

ALERT: Price-sensitive ASX Announcement for OBM
Current share price for OBM : $1.430 -0.155 (-9.78%)+
Announcement
Release
26 Aug 2026 9:54AM
Price at Release
$1.585
Full Release
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Summary
Ora Banda Mining Ltd (ASX: OBM) reported significant financial and operational achievements for the fiscal year ending June 30, 2026. The company transitioned successfully to a two-mine underground model, resulting in record production and profitability. Revenues doubled to $807.5 million, and EBITDA increased by 134% to $431.1 million. Net profit after tax rose by 16% to $216.2 million despite a $97.7 million tax expense. Cash flow from operations grew by 124% to $426.7 million, and the company ended the year with a closing cash balance of $267.7 million. Record gold sales reached 140,641 ounces, supported by the Sand King Underground mine, which achieved capital payback within 12 months. The company expanded its mineral resources and ore reserves by 75% and 159%, respectively, and secured $468 million in liquidity. Ora Banda's strategic hedging and operational discipline positioned it strongly for continued growth in FY27.
Key Points
  • Record revenues of $807.5 million.
  • EBITDA increased 134% to $431.1 million.
  • Net profit after tax increased 16% to $216.2 million.
  • Cash flow from operations increased 124% to $426.7 million.
  • Closing cash balance of $267.7 million.
  • Record gold sales of 140,641 ounces.
  • Sand King Underground achieved rapid capital payback.
  • Mineral resources and ore reserves increased by 75% and 159%.
  • Secured $468 million in liquidity.
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.