- Greatland Resouces Limited (DI)
- 23 February 2026 11:12:37
Source: Sharecast
The group, which is the new holding company for former London-listed Greatland Gold and went public last June, said revenues totalled A$977.3m for the six months to 31 December, up from just A$16.6m the year before, reflecting just one month of ownership of the Telfer asset in December 2024.
Some 154,411 ounces of gold was sold during the period an average price of $5,756/oz, along with 6,578 tonnes of copper at $13,606 per tonne.
As a result, underlying EBITDA soared to A$566.3m from A$10.8m previously, while free cash flow jumped to A$387.4m from -A$280.9m.
"Our half-year result reflects excellent operating and financial performance at Telfer through the period, underpinned by disciplined cost control and full upside exposure to a strong metal price environment, resulting in substantial cash generation and profitability," said managing director Shaun Day.
"Our robust financial position, with closing net cash of $948 million and a $500 million debt commitment, positions us strongly to deliver our exceptional growth profile."
The stock was up nearly 5% at 709.40p by 1104 GMT, taking the year-to-date gain to over 40%.