Perseus Mining reports $480.5M profit in FY26

• Perseus Mining recorded a 14% increase in net profit after tax to $480.5 million for the 2026 financial year.
• The company raised its full-year dividend by 87% to 14 Australian cents per share and expanded its share buyback programme to $350 million.
• Management updated its capital management policy to deliver higher shareholder distributions powered by operational cash flow and asset sale proceeds.

Perseus Mining (ASX:PRU) reported a 14% increase in annual net profit after tax to $480.5 million following strong operational growth across its gold assets.

The full-year result was supported by a 19% rise in revenue to $1.48 billion, compared to the previous financial year. EBITDA was up 16% to $860.5 million.

Strong gold prices supported our delivery of record net operating cash flow of $666 million, up 24% year on year, enabling a record year for shareholder returns,” said Perseus Mining Executive Chairman Jeff Quartermaine.

The company completed $126 million of its previous buyback programme, renewed its share buyback up to $350 million, and plans an additional $100 million return from the Meyas Sand Project sale in Sudan.

The business established a new capital management policy that mandates a minimum dividend payout ratio of 20% of operating cash flow after non-controlling interest payments.

Following the announcement, the Perseus Mining share price was unchanged at $6.13.

The miner closed the financial year with $1.03 billion in cash hand bullion alongside US$400 million in undrawn debt facilities.

Operating cash flow for the period rose 24% to $666.4 million, equivalent to 49.4 Australian cents per share.