Half Year 2026 Regis Resources Ltd Earnings Call Transcript
Key Points
- Regis Resources Ltd (RGRNF) reported a record net profit after tax of $323 million, a significant increase from $88 million in the first half of FY25.
- The company is debt-free, with a strong balance sheet and $930 million in cash and bullion, reflecting a $430 million increase over six months.
- A new capital management policy has been formalized, allowing for regular, fully franked dividend payments, with a $0.15 per share dividend declared for the half.
- Gold production and all-in sustaining costs were in line with expectations, with nearly 187,000 ounces produced at an all-in sustaining cost of $28.50 per ounce.
- The company has generated over $1 billion in cash and bullion since December 2023, demonstrating strong cash-generating capacity.
- The McPhillamys project faces delays due to ongoing legal proceedings, with no final investment decision expected until early 2028.
- There are significant upcoming tax payments, including a $94 million back tax for FY25, which will impact cash flows.
- The company faces potential cost pressures, particularly in underground operations, due to personnel availability and rising costs.
- Future capital demands, such as the McPhillamys project, could require significant investment, potentially impacting cash reserves.
- The company has not yet identified any suitable M&A opportunities, which could limit growth prospects if internal projects face delays.
Thank you for standing by, and welcome to the Regis Resources half-year results briefing. (Operator Instructions) And finally, I would like to advise all participants that this call is being recorded.
I'd now like to welcome Jim Beyer, Managing Director and CEO, to begin the conference. Jim, over to you.
Thanks, [Pauly]. Good morning, everyone, and thanks all for being on the call with Regis Resources for our December 2026 half-year financial results. I'm joined by our CFO, Anthony Rechichi; our COO, Michael Holmes; and our new Head of Investor Relations, Matthew Collins. Welcome Matthew.
On this call, we'll be referring to various slides that are in the pack that was released earlier this morning. And if you don't have it, the document can be downloaded from our website or the ASX.
So now moving through the slides to slide number 3. This is a great slide, and it highlights the continuing step-up in financial performance for the half,
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