Alkane Resources stock reports record FY26 profit

Published on 10/07/2026 at 06:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Alkane Resources stock was trading at AUD 1.82 on October 7, 2026, while FY26 profit reached AUD 228.7 million. The company also declared a maiden dividend.

Alkane Resources, AU000000ALK9, Illustration mit AI erstellt.

Alkane Resources stock was trading at AUD 1.82 on the ASX on October 7, 2026 at 2:57 p.m. AEDT, down 0.98 percent from the previous session. The company enters the new financial year after reporting FY26 net profit of AUD 228.7 million, a 590 percent year-over-year increase, according to Simply Wall St.

Profit jump resets the base

The FY26 result followed the Mandalay Resources merger and created a three-mine gold and antimony group. Alkane reported FY26 revenue of AUD 935.8 million, up 257 percent from FY25, while diluted earnings per share reached AUD 0.18 versus AUD 0.055 a year earlier, according to Simply Wall St.

Production also provides a useful operating check. Alkane delivered 168,337 gold-equivalent ounces in FY26, placing output in the upper half of its guidance range, while the company declared a fully franked maiden dividend of AUD 0.02 per share, as reported by Simply Wall St.

Cash returns meet growth spending

Management said cash and bullion stood at AUD 440 million at June 30, 2026, while the company had started an AUD 50 million share buyback. The figures give the capital-return story two separate elements, but they also highlight the need to fund mine development and exploration, according to Investing.com.

Alkane operates Tomingley and Costerfield in Australia and Björkdal in Sweden. Its Northern Molong Porphyry project contains a JORC-compliant resource of 8.3 million ounces of gold, or 14.7 million ounces of gold equivalent, giving the group a long-term growth option alongside its producing mines, according to Edison Investment Research.

Resources expand before the AGM

Edison said Alkane increased group resources by 248,000 ounces, or 6.4 percent, and reserves by 42,000 ounces, or 3.2 percent, in the update effective June 30, 2026. Costerfield's implied reserve life rose from 3.4 years to 6.2 years, making mine-life conversion a central measure for the next phase.

The company will hold its 2026 annual general meeting on November 5, 2026 at 10:00 a.m. AEDT in Sydney and online, according to Alkane Resources. The meeting will cover performance and operations for the year ended June 30, 2026.

Stock remains below yearly high

Alkane Resources stock was trading at AUD 1.82 on the ASX on October 7, 2026 at 2:57 p.m. AEDT. The session range was AUD 1.81 to AUD 1.86, the 52-week range was AUD 0.88 to AUD 2.02, and market capitalization was AUD 2.5 billion.