The Aeris Resources Ltd (ASX: AIS) share price is edging higher on Tuesday. This comes after the company released its half-year results for the period ended 31 December 2025.
At the time of writing, shares in the copper and gold producer are up 0.98% to 51.5 cents. The modest gain adds to what has been an extraordinary run for shareholders, with the stock up around 220% over the past 12 months.
Here is what the company reported.
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Profit jumps as margins improve
For the half-year, Aeris delivered revenue of $306.3 million, up 5% on the prior corresponding period.
Cost of goods sold fell 9% to $212.8 million, helping drive a sharp lift in profitability. Gross profit rose 57% to $93.5 million, while adjusted EBITDA increased to $133 million from $84.8 million a year earlier.
Net profit after tax (NPAT) came in at $47.9 million, up 62% from $29.6 million in the prior period. Basic earnings per share (EPS) increased to 4.7 cents from 3.1 cents.
Operating cash flow was strong at $97.3 million for the half, supported by improved commodity pricing and steady production across key assets.
Balance sheet strengthened
Aeris finished the half with cash and cash equivalents of $87.9 million, up significantly from $28.2 million at 30 June 2025.
Net assets increased to $452.6 million from $317.7 million at the end of the previous financial year.
Importantly, the company fully repaid and cancelled its $50 million WHSP loan facility during the half. Management said this materially deleverages the balance sheet and reduces future interest costs.
The stronger financial position provides additional flexibility as the company continues to invest in exploration and project development activities.
Operations remain steady
During the half, Tritton copper operations produced 11,141 tonnes of copper, up from the prior corresponding period. Cracow gold operations also delivered solid output.
Higher gold and copper prices provided a supportive backdrop, helping offset cost pressures and underpinning margins.
Globally, copper prices have remained firm amid ongoing supply constraints and steady industrial demand. Gold prices have also traded at much higher levels, supporting revenue for producers with exposure to the metal.
Aeris said it remains on track to meet its FY26 production guidance, with continued drilling and development work underway across its portfolio.
Foolish Takeaway
Aeris Resources delivered a stronger half-year result, driven by higher commodity prices, improved margins, and disciplined cost control.
Profit, cash flow, and net assets all increased, and the company has materially reduced debt by repaying its WHSP facility.
With copper and gold prices remaining supportive, Aeris enters the second half of FY26 in a stronger financial position.
