Greatland Resources (GGP) H1 2026 earnings summary

Executive summary

• Achieved revenue of $977.3 million for the half year ended 31 December 2025, a significant increase from $16.6 million in the prior period, reflecting the impact of the Telfer-Havieron acquisition and ramp-up of operations.

• Net profit after tax was $342.9 million, compared to a net loss of $8.2 million in the prior period.

• Major business transformation completed, including the acquisition of Telfer-Havieron and a change in reporting currency to Australian dollars.

Financial highlights

• Gross profit reached $516.2 million, up from $5.6 million year-over-year.

• Earnings per share rose to 51.12 cents basic (50.11 cents diluted), compared to 8.63 cents (8.58 cents diluted) in the prior period.

• Cash and cash equivalents increased to $948.3 million from $574.7 million at 30 June 2025.

• Total assets grew to $2.68 billion from $2.12 billion at 30 June 2025.

• Net cash flows from operating activities were $658.5 million, up from $145.2 million year-over-year.

Outlook and guidance

• Forward-looking statements highlight expectations for continued production growth and resource development at Havieron.

• No new information materially affects previously disclosed Mineral Resource and Ore Reserve estimates.