Greatland Resources enters H2 with confidence as H1 revenues soar

23rd Feb 2026 10:08

(Sharecast News) - Australian gold and copper producer Greatland Resources reported interim revenues of nearly A$1bn as a strong operating performance was bolstered by record commodity prices, with the company entering the second half in a strong financial position.

The group, which is the new holding company for former London-listed Greatland Gold and went public last June, said revenues totalled A$977.3m for the six months to 31 December, up from just A$16.6m the year before, reflecting just one month of ownership of the Telfer asset in December 2024.

Some 154,411 ounces of gold was sold during the period an average price of $5,756/oz, along with 6,578 tonnes of copper at $13,606 per tonne.

As a result, underlying EBITDA soared to A$566.3m from A$10.8m previously, while free cash flow jumped to A$387.4m from -A$280.9m.

"Our half-year result reflects excellent operating and financial performance at Telfer through the period, underpinned by disciplined cost control and full upside exposure to a strong metal price environment, resulting in substantial cash generation and profitability," said managing director Shaun Day.

"Our robust financial position, with closing net cash of $948 million and a $500 million debt commitment, positions us strongly to deliver our exceptional growth profile."

The stock was up nearly 5% at 709.40p by 1104 GMT, taking the year-to-date gain to over 40%.