St Barbara Limited (ASX:SBM)

St Barbara Limited (SBM) reported its financial results for the half-year ending 31 December 2025, showing a return to profitability with an underlying net profit after tax of AUD 1.3 million compared to a loss of AUD 48.1 million in the previous corresponding period. This financial turnaround was supported by increased revenue from ordinary activities by 32% to AUD 128.83 million, coupled with reduced statutory loss after tax. Key developments include a strategic agreement with Lingbao Gold International to acquire 50% of St Barbara Mining Pty Ltd, resulting in AUD 370 million in cash for SBM, and a deal where Kumul Mineral Holdings Ltd will acquire a 20% interest in the Simberi Gold Project, both aiming for completion by the end of Q3 FY26. Operationally, the Simberi Operations continued to drive profitability, contributing a pre-tax segment operating profit of AUD 20.64 million. The company focused on its strategic projects such as the New Simberi Gold Project and the 15-Mile Processing Hub, with significant investments to further enhance production capacity. Despite challenges, the directors expressed confidence in the company's ability to meet obligations with substantial cash reserves and liquidity.