The Emerald Resources NL (ASX: EMR) share price was in focus on Wednesday after the company revealed a record full-year profit of $259.6 million, driven by higher gold prices and disciplined operations. Revenue jumped 40% to $612.3 million, as gold production from Okvau reached more than 100,000 ounces with costs among the lowest in the sector.
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What did Emerald Resources report?
- Revenue: $612.3 million, up 40% from FY25
- Net profit after tax (NPAT): $259.6 million, up 196%
- EBITDA: $392.1 million, up 93% year on year
- Gold production: 100,405 ounces at an all-in sustaining cost (AISC) of US$972/oz
- Cash, bullion and investments: $491.1 million at 30 June 2026
- Dividends: No dividend declared for FY26
What else do investors need to know?
Emerald remained debt-free and unhedged, cementing its position as a low-cost gold producer. Operational highlights included expanding reserves and robust gold recoveries from the Okvau mine in Cambodia, now totalling over 509,600 ounces since production began in 2021. Growth activities ramped up across both Cambodia and Australia, supported by a strong balance sheet.
Beyond Okvau, significant progress was made on the Dingo Range and Memot projects. Both are fully permitted, with maiden ore reserve estimates to follow and studies well underway. Exploration continues to deliver promising results, leading to resource upgrades and demonstrating future growth pathways.
What's next for Emerald Resources?
Looking ahead to FY27, Emerald expects gold production of 100,000–115,000 ounces at Okvau, with similar AISC guidance and the addition of new feed sources through further drilling. Development is progressing for both the Dingo Range (Western Australia) and Memot (Cambodia) projects, with definitive feasibility studies nearing completion and first mining activities on track for the coming year.
Exploration remains a priority, with over 3.9 million ounces now in global resources across key projects. Emerald continues to target becoming a multi-mine, 300,000–400,000 ounce per annum gold producer, backed by a solid cash position and expanding project pipeline.
Emerald Resources share price snapshot
The Emerald Resources share price has risen strongly in the past 12 months, smashing the S&P/ASX 200 index (ASX: XJO) with a gain of almost 85%.
