Regis Resources (ASX:RRL) Announces H1 FY25 Financial Results
Financial Performance
Regis Resources reported a statutory net profit after tax (NPAT) of $88 million for the first half of FY25, up $180 million year-on-year. The company achieved an EBITDA of $359 million, representing a 46% margin, up $296 million from the previous year. Record cash flow increased by $234 million, bringing total cash and bullion to $529 million.
Operational Highlights
Gold production reached 195,801 ounces with an all-in sustaining cost (AISC) of $2,403 per ounce. Gold sales revenue rose to $777 million, up $227 million, from 197,690 ounces at an average price of $3,932 per ounce.
Debt Management
Regis Resources repaid its $300 million term loan facility in full and established a $300 million standby Revolving Credit Facility on improved terms, resulting in a net cash and bullion position of $229 million as of 31 December 2024.
Executive Comments
Chief Executive Officer and Managing Director Jim Beyer stated, “Regis has delivered an outstanding financial turnaround over the past twelve months. Our first half FY25 results demonstrate the operational and financial strengths of our business, with very strong EBITDA, solid NPAT and record cash flow. During the first half of FY25, operational performance was in line with our expectations. We continued to sell all our gold into record unhedged spot prices, generating exceptional growth in cash and bullion. The net profit after tax of $88M demonstrates the strong profitability of our business. With our demonstrated strong cash generating capacity, we recently elected to repay our $300m debt early and established a standby Revolving Credit Facility. We are now debt free with liquidity and flexibility to pursue value-accretive growth opportunities and undertake capital management initiatives.”
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