Capricorn Metals reports $327.2M FY26 net profit

• Capricorn Metals posted an underlying net profit after tax of $327.2 million for FY26.
• Operating cash flow at Karlawinda reached $470.2 million as the net cash position expanded to $504.8 million.
• Growth is driven by the ongoing expansion at Karlawinda and development at the Mt Gibson Gold Project.

Capricorn Metals (ASX:CMM) achieved a 50% increase in underlying net profit after tax to $327.2 million for the 2026 financial year.

The operational expansion pushed total sales revenue to $769.3 million, up from previous periods due to strong gold pricing.

The strong operational cash flows supported growth initiatives while maintaining robust balance sheet flexibility.

The miner allocated $133.4 million towards developing the Karlawinda Expansion Project alongside early works at the Mt Gibson Gold Project.

Following the announcement, the Capricorn Metals share price was up at $17.30.

The board has declared a fully franked final dividend of 5 cents per share, totalling $22.8 million.

The business continues to transition into a tax-paying entity, expecting a single final tax payment of $90 million to $100 million in FY27.

Production guidance for FY27 is targeted between 137,000 and 147,000 ounces of gold at an all-in sustaining cost of $1,900 to $2,100 per ounce.