Top Page
Evolution Mining
(Sydney:EVN)
Evolution Mining (EVN) vs. iShares MSCI Australia ETF (EWA)
Evolution Mining Business Overview & Revenue Model
Evolution Mining Earnings Call Summary
Evolution Mining Financial Statement Overview
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.11B | 4.35B | 3.22B | 2.23B | 2.06B | 1.86B |
| Gross Profit | 2.17B | 1.56B | 923.26M | 416.20M | 486.60M | 575.21M |
| EBITDA | 2.76B | 2.15B | 1.43B | 847.36M | 934.85M | 899.87M |
| Net Income | 1.33B | 926.17M | 422.27M | 163.51M | 323.32M | 345.26M |
Balance Sheet | ||||||
| Total Assets | 10.02B | 9.64B | 8.82B | 6.75B | 6.63B | 3.96B |
| Cash, Cash Equivalents and Short-Term Investments | 966.49M | 759.63M | 403.30M | 46.15M | 572.43M | 160.06M |
| Total Debt | 1.51B | 1.79B | 2.02B | 1.82B | 1.86B | 636.33M |
| Total Liabilities | 4.39B | 4.68B | 4.68B | 3.46B | 3.38B | 1.42B |
| Stockholders Equity | 5.63B | 4.96B | 4.14B | 3.29B | 3.25B | 2.53B |
Cash Flow | ||||||
| Free Cash Flow | 1.42B | 790.20M | 363.16M | -103.39M | 107.58M | 319.69M |
| Operating Cash Flow | 2.38B | 1.97B | 1.28B | 735.28M | 776.68M | 757.01M |
| Investing Cash Flow | -1.22B | -1.19B | -1.51B | -1.03B | -1.83B | -724.12M |
| Financing Cash Flow | -713.21M | -435.81M | 586.65M | -226.28M | 1.47B | -244.79M |
Evolution Mining Technical Analysis
Evolution Mining Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $27.58B | 8.35 | 25.07% | 1.53% | 35.31% | 115.08% | |
75 Outperform | AU$5.35B | 4.43 | 16.68% | 0.65% | 30.46% | ― | |
73 Outperform | AU$7.04B | 7.69 | 12.40% | 1.32% | 23.35% | 15.96% | |
73 Outperform | AU$7.09B | 8.70 | 28.87% | ― | 109.79% | 158.18% | |
66 Neutral | $29.54B | 13.37 | 11.04% | 2.04% | 30.35% | 102.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
Evolution Mining Corporate Events
Evolution Mining has set the dividend reinvestment plan price for its interim fully franked dividend for the half year to 31 December 2025 at $14.4695 per share, following a five-day volume-weighted average price calculation in early March 2026. Shareholder uptake of the plan was relatively modest at 1.67% of issued ordinary shares, resulting in the creation of 469,177 new shares to be allocated on 2 April 2026.
Shareholders who did not elect, or only partially elected, to participate in the reinvestment plan will receive a 20 cent per share cash dividend on 2 April 2026, preserving immediate income for the vast majority of investors. The low participation rate means limited equity dilution and indicates that most shareholders continue to prefer cash returns, while the company still modestly strengthens its capital base through the new share issuance.
The most recent analyst rating on (AU:EVN) stock is a Buy with a A$19.50 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining Limited, an Australian gold producer listed as EVN on the ASX, operates a portfolio of gold assets aimed at delivering sustainable returns to shareholders. Its ordinary fully paid shares are the primary vehicle through which investors receive dividends that reflect the company’s half‑year financial performance.
The company has updated its earlier dividend notification for the six‑month period ended 31 December 2025 to confirm the price under its Dividend Reinvestment Plan. Key dates for the distribution remain unchanged, with the ex‑dividend date set at 3 March 2026 and the record date at 4 March 2026, clarifying terms for investors choosing to reinvest their dividends in additional shares.
The most recent analyst rating on (AU:EVN) stock is a Buy with a A$19.50 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining director Andrea Hall has adjusted her shareholding in the company, disposing of 10,000 fully paid ordinary shares in an on-market transaction on 27 February 2026. Following the sale at an aggregate price of $16.6481 per share, Hall retains a total holding of 128,906 fully paid ordinary shares, held both directly and via a family trust, along with 8,662 share rights, signalling only a modest change in her overall economic interest in the miner.
The transaction appears to be a routine portfolio adjustment rather than a substantial shift in governance or control, as Hall remains significantly invested in Evolution Mining. For shareholders, the notice provides transparency on director dealings as required under ASX rules, but does not indicate any broader strategic or operational change at the gold producer.
The most recent analyst rating on (AU:EVN) stock is a Hold with a A$13.10 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining has released a presentation approved by its chair outlining the company’s positioning as a premier global gold producer and clarifying its approach to financial and operational disclosure. The document underscores that all production and financial figures are presented on Evolution’s share basis and generally expressed in U.S. dollar terms using a fixed AUD:USD exchange rate assumption.
The company highlights that it uses a range of non‑IFRS and non‑GAAP measures, such as all‑in sustaining costs and various capital categories, to provide additional insight into financial performance. It cautions investors that these metrics are not standardized, may not be comparable with peers, and have not been audited, reinforcing the need for careful interpretation by stakeholders when assessing Evolution’s results and strategic progress.
The most recent analyst rating on (AU:EVN) stock is a Hold with a A$13.10 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining Limited has declared an ordinary dividend of AUD 0.20 per fully paid share for the six-month period ended 31 December 2025, with an ex-dividend date of 3 March 2026 and a record date of 4 March 2026. The dividend is scheduled to be paid on 2 April 2026, and shareholders may elect to participate in the dividend reinvestment plan by 5 March 2026, underscoring the miner’s continued capital returns to investors and potential appeal to income-focused shareholders.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining has released its 2026 half-year financial results presentation, led by managing director and CEO Lawrie Conway, CFO Fran Summerhayes and CTO Nancy Guay. The update outlines financial metrics, production performance and cost measures, noting that several key indicators are presented using non‑IFRS and non‑GAAP metrics such as all‑in sustaining cost to give investors additional insight into operating performance.
The company cautions that the materials contain forward‑looking statements subject to commodity price volatility, regulatory changes, operational risks and other external factors that could cause actual outcomes to differ. Evolution also highlights that non‑IFRS measures are not standardised under Australian Accounting Standards, may not be comparable with peers and have not been audited, underscoring the need for investors to exercise care when interpreting the results and guidance.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining has amended and restated its metal purchase and sale agreement for the Northparkes operation with Triple Flag, securing an additional A$120 million refundable upfront deposit timed to support development of the E22 block cave. The revised terms notably cut Triple Flag’s streaming rate on the gold-rich E44 deposit, improving project economics and creating a clearer pathway to bring E44, which is not currently in the mine plan, into production.
The deal also introduces a binding minimum gold and silver delivery obligation for FY31–FY38 and sets out options for either repaying the deposit with compensation or refunding any uncredited balance if a final investment decision on E44 is not made by the end of 2029. Evolution has approved an updated study on E44 and says the new framework with Triple Flag opens the broader Northparkes tenement to additional gold-dominant developments, reinforcing the operation’s long-term growth potential for both companies’ shareholders.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining’s board has approved a suite of growth projects aimed at lifting returns across its portfolio, highlighted by a A$545 million investment to develop the E22 block cave at Northparkes into a long-life, low-cost bulk underground operation. The project, expected to deliver first ore by the end of FY2030 and operate for about nine years at roughly 6 million tonnes per annum, is forecast to generate a 28% internal rate of return at base case metal prices, rising to 38% under upside assumptions.
Complementing E22, Evolution will invest about A$75 million in a Coarse Particle Flotation project at Northparkes to boost copper recovery by around 2%, improve energy efficiency and enable mill throughput to increase to 8 million tonnes per annum by FY2028, while a A$14 million expansion study will assess further mill capacity growth. At Ernest Henry, the company approved a A$160 million development of the Bert deposit to provide incremental feed and better utilise latent mill capacity, and it also moved to acquire the Two Times Fred project and secure an option over the Clisbako project in British Columbia, strengthening its exploration pipeline and underpinning management’s strategy to lift portfolio returns above the current 18% average and sustain higher shareholder value.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining reported a record statutory net profit of $767 million for the half year to 31 December 2025, driven by strong operational discipline, higher metal prices and robust cash generation. Underlying net profit more than doubled to $785 million, EBITDA rose 57% with margins improving to 57%, and operating mine cash flow surged 75% to $1.73 billion, despite slightly lower gold and copper production.
The miner strengthened its balance sheet with cash rising to $967 million, net debt falling to $362 million and gearing reduced to 6%, reflecting substantial deleveraging. In line with its policy to return excess cash, the board declared a fully franked interim dividend of 20 cents per share, almost tripling the prior year payout and underscoring management’s confidence in the company’s cash flow profile and growth pipeline.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining reported a record half-year statutory net profit after tax of A$766.6 million for the period ended 31 December 2025, more than doubling the prior year, as revenue climbed 37% to A$2.79 billion and underlying EBITDA jumped 57%. Earnings per share rose 107% to a record 37.96 cents, supported by on-plan gold and copper production, improved prices, and disciplined cost control that also saw net tangible assets per share lift to A$3.22.
Operationally, the miner delivered 365,000 ounces of gold and 36,000 tonnes of copper in line with plan, reaffirmed FY26 gold guidance and trimmed group all-in sustaining cost guidance to A$1,640 an ounce despite weather-related disruption at Ernest Henry. Strong cash generation drove record operating and net mine cash flows, boosted the cash balance to A$966.5 million, and underpinned a fully franked interim dividend of 20 cents per share, marking the company’s 26th consecutive payout and signalling continued confidence in its financial position.
The most recent analyst rating on (AU:EVN) stock is a Sell with a A$11.00 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.
Evolution Mining will release its financial report for the half year ended 31 December 2025 to the ASX before market open on 11 February 2026 and will host a results conference call at 10:30am Sydney time on the same day. The call, led by Managing Director and CEO Lawrie Conway and CFO Fran Summerhayes, will be accessible via a live listen-only audio stream for shareholders and via a pre-registered conference line with Q&A for analysts and media, with the recording to be made available on the company’s website, underscoring Evolution’s emphasis on investor communication and transparency around its operational and financial performance.
The most recent analyst rating on (AU:EVN) stock is a Hold with a A$12.30 price target. To see the full list of analyst forecasts on Evolution Mining stock, see the AU:EVN Stock Forecast page.