InvestSMART

Sandfire Resources Limited (ASX:SFR)

ALERT: Price-sensitive ASX Announcement for SFR
Current share price for SFR : $23.070 0.29 (1.27%)+
Announcement
Release
26 Aug 2026 7:56AM
Price at Release
$22.780
Full Release
download
Summary
Sandfire Resources Limited reported robust financial performance for the fiscal year ending June 30, 2026, with a significant increase in sales revenue largely driven by copper sales. The company achieved an underlying EBITDA of $867 million, despite encountering higher operating costs. The major revenue contributors were copper, silver, and zinc, with copper leading at 70% of the total group revenue. Additionally, the company reported a total Scope 1 and 2 greenhouse gas emissions of 267,954 tCO2e, reflecting a 6% increase from the previous year. Sandfire continued its focus on developing its MATSA and Motheo operations while planning further exploration projects. Capital expenditure was substantial, aimed at mine development, and the company maintained a healthy liquidity position with strong cash reserves.
Key Points
  • Sandfire Resources Limited reported strong financial results for FY26 with a significant increase in sales revenue to $1,653.7 million, driven primarily by copper sales.
  • The company achieved an underlying EBITDA of $867.0 million and an underlying EBIT of $548.5 million, despite increased operating costs.
  • Copper remained the dominant contributor to Sandfire's revenue, accounting for 70% of total group revenue, with silver and zinc contributing 15% and 14%, respectively.
  • The company reported a total Scope 1 and 2 greenhouse gas emissions of 267,954 tCO2e, a 6% increase from the previous fiscal year.
  • Sandfire continued to focus on developing its MATSA Copper Operations in Spain and Motheo Copper Operations in Botswana.
  • Capital expenditure included investments in mine development and deferred waste stripping, with total capital expenditure amounting to $245 million.
  • Sandfire's FY27 guidance includes targeted copper production between 99-111 kt, zinc production between 96-106 kt, and silver production between 5.6-6.2 Moz.
  • The company is planning further exploration and development projects with an emphasis on its Kalkaroo project.
  • Employee benefit expenses for the year reached $129 million, with a significant portion allocated to mine operations costs.
  • Sandfire Resources Limited maintained strong liquidity with cash and cash equivalents of $150.4 million as of June 30, 2026.
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.