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Ramelius Resources Limited ( (AU:RMS) ) has shared an update.
Ramelius Resources has reported a strong first half for FY26, driven by a record underlying EBITDA of A$347.7 million, up 13% despite lower gold sales volumes after placing the Edna May operation into care and maintenance. Higher realised gold prices lifted EBITDA margins to 72%, bolstered gross margin per ounce and supported an unchanged fully franked interim dividend of 3.0 cents per share.
Underlying net profit after tax eased 6% to A$160 million and free cash flow fell 30%, while total cash and bullion declined to A$694.3 million as capital was deployed into growth projects. The company is progressing the Never Never underground development and Mt Magnet plant upgrades, and has replaced its A$175 million debt facility with an undrawn A$500 million facility to enhance balance sheet flexibility and funding options.
Statutory earnings were reduced to a small net loss due to one‑off Spartan acquisition costs, royalty fair value movements and other non‑recurring charges. Management described the period as transitional following the Spartan combination but broadly in line with its 5‑year growth pathway, indicating that Ramelius is trading current cash strength and higher margins for accelerated investment in its expanded asset base.
The most recent analyst rating on (AU:RMS) stock is a Hold with a A$4.80 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Ramelius Resources Limited is an Australian gold mining company listed on the ASX, operating assets including Mt Magnet and Dalgaranga in Western Australia. The group focuses on gold production and development projects, with recent expansion stemming from its combination with Spartan and ongoing growth initiatives such as the Never Never underground mine and processing plant upgrades.
Average Trading Volume: 8,481,739
Technical Sentiment Signal: Buy
Current Market Cap: A$8.68B
Find detailed analytics on RMS stock on TipRanks’ Stock Analysis page.