Full Year 2026 Regis Resources Limited Earnings Call Transcript
Key Points
- Record statutory net profit after tax of $715 million, up 180% year-on-year.
- Record fully franked dividend of $0.35 per share for FY26, yielding 6.1%.
- Strong cash and bullion build of $667 million, ending the year with $1.185 billion and no debt.
- Production at the top end of guidance at 379,050 ounces, with consistent delivery for four consecutive years.
- Unhedged position and disciplined capital allocation, including returning the Vault break fee to shareholders via a special dividend.
- All-in sustaining costs increased to $2,945 per ounce, with expectations of further rise to $2,990-$3,390 in FY27.
- Significant tax catch-up payment of $220-$240 million due in December 2026, impacting near-term cash flow.
- Front-end loaded capital expenditure and tax payments may limit dividend capacity in the first half of FY27.
- Uncertainty regarding the McPhillamys project approval, with no clear timeline for a Section 10 decision.
- Cost pressures from higher royalties, general inflation, and diesel price spikes due to Middle East unrest.
Thank you for standing by, and welcome to the Regis Resources Limited full year results conference call. (Operator Instructions)
I would now like to hand the conference over to Mr. Jim Beyer, Managing Director and CEO. Please go ahead.
Good morning, everyone, and thank you all for joining us for the Regis Resources FY26 full year financial results. With me today is our CFO, Anthony Rechichi; our COO, Michael Holmes; and Head of Investor Relations, Matt Polling. 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 from the ASX.
Now moving through the pack now to slide 3, highlighting the fantastic financial and safety performance for the year. This slide is highlighting these and underpin that is our -- underpinning all of that is our operational delivery and, of course, the favorable gold price environment.
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