Greatland Resources posts strong half-year profit as Telfer cash flow powers Havieron growth

Greatland Resources ( (GB:GGP) ) has issued an announcement.

Greatland Resources reported strong half-year results to 31 December 2025, driven by robust performance at its Telfer mine and high commodity prices. The company delivered net revenue of A$977.3m, EBITDA of A$560.3m and NPAT of A$342.9m, generated operating cash flow of A$658.5m, and ended the period debt free with A$948.3m in cash, while maintaining disciplined cost control and improved safety metrics.

Operationally, Greatland produced 167,163 ounces of gold at an all-in sustaining cost of A$2,176/oz and advanced growth initiatives across Telfer and Havieron. Completion of the Havieron feasibility study confirmed a long-life, low-cost gold-copper development with a base case post-tax NPV of A$2.9bn, underpinned by planned pre-production capex of A$1,065m to be funded from cash, cash flow and a new A$500m debt facility, reinforcing the company’s growth profile and integrated Telfer-Havieron strategy.

The period saw A$177.0m invested in growth, including mine development, tailings expansion and extensive drilling aimed at extending mine life and upgrading resources at Telfer. With environmental approvals for Havieron progressing and additional funding capacity through a Tier 1 lending syndicate and hedging focused on downside price protection, Greatland is positioning itself to scale production and strengthen its standing as a significant gold-copper producer in Western Australia.

The most recent analyst rating on (GB:GGP) stock is a Hold with a £13.30 price target. To see the full list of analyst forecasts on Greatland Resources stock, see the GB:GGP Stock Forecast page.

Spark’s Take on GB:GGP Stock

According to Spark, TipRanks’ AI Analyst, GB:GGP is a Outperform.

The score is driven primarily by the sharp improvement in FY2025 financial performance (high margins, strong cash conversion, and low leverage). Technicals remain supportive due to a strong uptrend, but overbought signals raise near-term risk. The very high P/E meaningfully drags the overall score on valuation.

To see Spark’s full report on GB:GGP stock, click here.

More about Greatland Resources

Greatland Resources is a Western Australia-based gold and copper mining company listed on the ASX and London’s AIM market. Its portfolio includes the 100% owned Telfer mine and the adjacent Havieron gold-copper development, together forming a substantial, long-life operation in the Paterson Province, supported by a broader regional exploration acreage.

Average Trading Volume: 2,804,480

Technical Sentiment Signal: Buy

Current Market Cap: £4.46B

For an in-depth examination of GGP stock, go to TipRanks’ Overview page.