Strong Profitability & Revenue GrowthSustained high gross and net margins alongside double-digit revenue growth indicate structural operating efficiency and strong cost control. These durable profitability metrics support reinvestment in mines, funding of exploration, and capacity to sustain dividends and capital programs across commodity cycles.
Very Low Leverage & Strong Equity BaseMinimal financial leverage and a high equity ratio provide strategic flexibility to fund capital projects, absorb commodity volatility and execute M&A. A strong ROE indicates efficient capital use, lowering refinancing risk and supporting long-term balance sheet resilience.
Robust Cash Generation & LiquidityHigh operating cash flow, a large cash/gold buffer and an expanded A$500m facility materially improve liquidity and funding optionality. This durable cash strength supports capex, development (Never Never/Dalgaranga), working capital needs and cushions timing of acquisition-related outflows.