Ramelius Swings to Half-Year Loss but Maintains Dividend and Completes Spartan Acquisition

Ramelius Resources Limited ( (AU:RMS) ) has issued an update.

Ramelius Resources has reported a sharp deterioration in profitability for the half-year to 31 December 2025, with revenue down 4% to $485.6 million and EBITDA halving, while net profit swung to a $11.7 million loss from a $170.4 million profit a year earlier. Despite the weaker earnings, the board has declared a fully franked interim dividend of 3.0 cents per share, supported by a higher net tangible asset backing of $2.06 per share and the availability of a dividend reinvestment plan, while the company also completed the acquisition of the remaining 81.1% of Spartan Resources to consolidate its growth pipeline.

The interim dividend, to be paid on 15 April 2026 with an ex-date of 16 March, follows substantial FY25 dividend payouts and signals ongoing capital returns even as earnings before interest and tax fell 87% and pre-tax profit dropped 83%. The completed Spartan Resources transaction, alongside ongoing joint venture interests in gold and base metals, underpins Ramelius’ strategy to expand and diversify its resource base, which may be pivotal for future production and earnings recovery after this weak half-year result.

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 producer headquartered in Perth, Western Australia. The company operates gold mining and exploration projects, including interests in several unincorporated joint ventures targeting gold, nickel, platinum group elements and base metals, with a primary focus on gold assets and related resource development in Western Australia.

Average Trading Volume: 8,481,739

Technical Sentiment Signal: Buy

Current Market Cap: A$8.68B

For detailed information about RMS stock, go to TipRanks’ Stock Analysis page.