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Sandfire Resources Limited (ASX:SFR)

ALERT: Price-sensitive ASX Announcement for SFR
Current share price for SFR : $19.190 0.24 (1.27%)+
Announcement
Release
19 Feb 2026 8:12AM
Price at Release
$18.950
Full Release
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Summary
Sandfire Resources Limited reported a significant increase in profitability for the half-year ending 31 December 2025, with statutory profit after tax rising to $96.3M. This was driven by a $100M increase in sales revenue to $672.1M, attributed to higher commodity prices and efficient cost management. MATSA operations contributed significantly to earnings with a robust increase in Underlying EBITDA, while overall capital expenditure surged by 14% to support infrastructure and development projects. Sandfire also entered strategic agreements to further copper-gold exploration with Havilah Resources, underscoring its commitment to expansion and operational resilience. The company maintained a strong financial position with a prudent approach to tax and capital management, affirming its ability to meet financial obligations.
Key Points
  • Sandfire Resources Limited achieved a statutory profit after tax of $96.3M in H1 FY26.
  • Sales revenue increased from $572.3M to $672.1M, with higher commodity prices and lower treatment and refining charges contributing to profitability.
  • MATSA's operational resilience and consistency resulted in a $47.8M increase in Underlying EBITDA.
  • The Group’s total capital expenditure rose by 14% to $111.8M, mainly due to the investment in MATSA's new Tailings Storage Facility and Motheo’s development.
  • Sandfire executed agreements with Havilah Resources to advance the Kalkaroo Copper Gold Project and establish a strategic exploration alliance in South Australia.
  • The Group’s Underlying effective tax rate was 28% for H1 FY26, influenced by different tax rates in operating countries.
  • The Directors declared that Sandfire Resources Limited is able to pay its debts as they become due.
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.