Perseus Mining (ASX:PRU) has delivered a robust financial performance for the first half of fiscal year 2026, headlined by a US$185.5 million profit after tax.
Buoyed by the strong operational results, the mid-tier gold producer announced a significant 100% increase in its interim dividend, rewarding shareholders with 5 Australian cents per share, up from 2.50 cents in the prior corresponding period.
For the six months ended Dec. 31, 2025, Perseus reported a 5% revenue increase to US$608.5 million.
While the company navigated a transition into new mining areas and advanced several capital growth projects, it maintained a formidable balance sheet.
The report highlighted an EBITDA of US$315.5 million and an operating cash flow of US$193.4 million.
Despite the heavy reinvestment in its assets—reflected in a net investing cash outflow of US$166.9 million—the company ended the period with a healthy US$755 million in cash and bullion.
CEO Craig Jones emphasised that the period's success was driven by "high-margin operations and a clear growth path."
Perseus also successfully refinanced and upsized its undrawn debt facility to US$400 million, providing additional liquidity for future expansions.
The company reaffirmed its FY26 market guidance, targeting gold production between 400,000 and 440,000 ounces at an all-in sustaining cost of US$1,600 to US$1,760 per ounce, signaling continued stability in a volatile market.