Ramelius Resources (ASX:RMS) unveiled a robust financial performance for the first half of the 2026 fiscal year, headlined by a record underlying EBITDA of $347.7 million.
The 13% increase over the previous year comes during what Managing Director Mark Zeptner describes as a "transitional period" following the company’s strategic combination with Spartan.
While the EBITDA reached new heights, the report presented a nuanced fiscal picture.
Underlying net profit after tax dipped 6% to $160 million, and earnings per share saw a sharper decline of 40% to 8.9 cents.
The company's cash and bullion reserves decreased by 14% to $694.3 million.
Despite the fluctuations, shareholders received a boost as the company declared a fully franked interim dividend of 3 cents per share, comfortably exceeding its prior 2-cent commitment.
Key projects, including the Never Never underground development at Dalgaranga, are reportedly on track, with the first ore already delivered to the Mt Magnet processing plant.
Ramelius has bolstered its financial flexibility by replacing a $175 million debt facility with a new $500 million facility, which remains currently undrawn.
Ramelius aims to capitalise on its reduced hedge book commitments to increase exposure to high gold prices, reinforcing its 5-year growth pathway established in late 2025.
At the time of reporting, Ramelius Resources' share price was $4.56.