The Evolution Mining Ltd (ASX: EVN) share price is in focus as the company reported record results for the half-year ended 31 December 2025, including a 110% jump in net profit after tax to $766.6 million and a fully franked interim dividend of 20 cents per share.
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What did Evolution Mining report?
- Revenue rose 37% to $2.79 billion (1H FY25: $2.03 billion)
- Net profit after tax surged 110% to $766.6 million (1H FY25: $365.1 million)
- Underlying EBITDA increased 57% to $1.59 billion
- Basic earnings per share climbed to 37.96 cents, up from 18.36 cents
- Fully franked interim dividend of 20 cents per share (to be paid 2 April 2026)
- Net mine cash flow up 151% to $1.09 billion
What else do investors need to know?
Evolution Mining's strong financial performance was largely driven by consistently high gold and copper production and higher commodity prices. Commissioning of the expanded Mungari mill in Western Australia was completed 15% under budget, supporting increased production across the Group's six operating mines.
The company maintained its commitment to cost discipline, with Group all-in sustaining cost (AISC) guidance improved by 6%. FY26 production guidance remains on track, despite a short-term weather-related interruption at the Ernest Henry mine. Evolution also approved new growth projects at Northparkes (E22 block cave) and Ernest Henry (Bert) to underpin future production.
On the sustainability front, Evolution continues to aim for Net Zero greenhouse gas emissions by 2050, with a 30% reduction target by 2030. The company released its latest sustainability and modern slavery reports, and maintained sector-leading ESG ratings.
What's next for Evolution Mining?
Looking ahead, Evolution Mining is focused on delivering FY26 production targets and progressing major capital projects, including mine expansions at Cowal and Northparkes. The company expects a stronger cash flow in the second half, assisted by higher prevailing gold prices compared to its first-half realised price.
Further development of growth projects and disciplined capital management remain priorities. The Board has committed to returning value to shareholders via regular dividends and a continued focus on sustainability initiatives as it advances its project pipeline.
Evolution Mining share price snapshot
Over the past 12 months, Evolution mining shares have risen 141%, significantly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.
