The Vault Minerals Ltd (ASX: VAU) share price will be in focus on Friday after the company delivered a record 54% jump in underlying EBITDA to $953.3 million, with gold production reaching 336,540 ounces for FY26.
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What did Vault Minerals report?
- Group gold production: 336,540 ounces; gold sales: 334,904 ounces
- Revenue from metal sales: $1,880.2 million (up 31% on prior year)
- Underlying EBITDA: $953.3 million (up 54%)
- Statutory net profit after tax: $278.4 million
- Free cash flow: $487.8 million
- Maiden interim dividend: 7 cents per share declared in February 2026 and paid in April 2026
What else do investors need to know?
Vault Minerals ended FY26 with cash and bullion of $841.6 million and no debt, an increase of $155.7 million over the year. The company internally funded the early settlement of all remaining gold hedges, removing fixed price exposure and giving full upside to the prevailing gold price going forward.
Investment in strategic growth continued, including the King of the Hills (KoTH) processing plant upgrade, which remains on budget and ahead of schedule. Vault also returned $126.8 million to shareholders via share buybacks and the maiden interim dividend. No final dividend was declared due to the proposed merger with Genesis Minerals, with eligible shareholders to receive a cash component as part of the merger consideration.
What's next for Vault Minerals?
Vault has provided standalone FY27 guidance for gold production of 355,000 to 375,000 ounces at an AISC of A$3,150 to A$3,350 per ounce, with further growth targeted for FY28. The KoTH processing plant upgrade is expected to support a 50% increase in throughput and a 34% uplift in Leonora gold production by September 2026.
Meanwhile, the proposed merger with Genesis Minerals remains on track for completion in November 2026, aimed at creating a leading Australian gold company poised to benefit from operational synergies and scale.
Vault Minerals share price snapshot
The Vault Minerals share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 140%.
