Australian gold miner Genesis Minerals (ASX:GMD) delivered its interim financial report, headlined by a staggering four-fold increase in net profit after tax.
For the six months ended Dec. 31, 2025, the company reported an NPAT of $238 million, a massive leap from the $59.8 million recorded in the previous corresponding period.
The financial windfall was driven by a 142% surge in sales revenue, totaling $820.3 million, fueled by the sale of over 146,000 ounces of gold at an average realised price of $5,590 per ounce.
The company's operational efficiency was equally impressive, with EBITDA climbing 172% to $418 million.
Genesis maintained a disciplined cost profile with an all-in sustaining cost of $2,578/oz, while simultaneously aggressive growth strategies saw gold production rise to 147,139oz.
Genesis has fortified its balance sheet, ending the half-year with $373.3 million in cash and bullion and zero corporate debt after fully repaying a $100 million finance facility.
Management highlighted that the Tower Hill development is currently running ahead of schedule, with a new long-term growth strategy slated for release in late 2026.
Momentum has already carried into the new year; January figures show continued excellence with record monthly mill throughput and a further cash build to $465 million.
At the time of reporting, Genesis Minerals’ share price was $7.10.