Greatland reports strong preliminary full-year figures

(Sharecast News) - Greatland Resources reported strong preliminary full-year results on Thursday, after integrating the Telfer mine, with significant cash generation and profitability in the first seven months of ownership. For the year ended 30 June, revenue from customer contracts totalled $961.3m at an average gold price of $4,785 per ounce.

Net cash flow from operating activities reached $601.1m, while EBITDA from the Telfer segment came in at $526.7m.

The AIM-traded company posted a net profit before tax of $441.9m and a net profit after tax of $337.3m.

"Producing such a strong set of financial results from the first seven months of ownership of Telfer is a great credit to the significant efforts of our team," said managing director Shaun Day.

"Our focus continues to be on the delivery of our 2026 operational plan and progressing the growth opportunities at Haverion and Telfer."

Greatland ended the period with $574.7m in cash and no debt, with the company noting it remained fully exposed to current gold and copper prices.

Safety performance also improved, with the total recordable injury frequency rate falling to 6.0 from 14.1 at the end of December 2024.

At 1157 BST, shares in Greatland Resources were down 3.08% at 263p.

Reporting by Josh White for Sharecast.com.