EarningsQ2 2026 Earnings Report
DE:3G2 Q2 2026 EPS Results
Actual EPS€0.13
Consensus EPS€0.13
Beat/MissBeat by +<€0.01
One Year Ago EPS€0.03
DE:3G2 Q2 2026 Revenue Results
Actual Revenue€512.59M
Expected Revenue€270.06M
Beat/MissBeat by +€242.53M
YoY Revenue Growth+142.18%
Earnings Announcement Details
QuarterQ2 2026
Date02/18/2026
TimeAfter Close
Conference CallWednesday, February 18, 2026
DE:3G2 Upcoming Earnings
Genesis Minerals Limited's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance: record consecutive production, strong cash generation (AUD 231M mine operating cash flow; AUD 404M cash & investments), NPAT materially higher (estimated +300% YoY), debt fully repaid, and multiple development milestones (Tower Hill approvals, rail agreements, and Indigenous mining agreements). Offsetting items include higher near-term growth capital (revised to AUD 220-240M), ramp-up and grade pressure at Ulysses while development ore dominates, lower recoveries from third-party Laverton feed, contractor transition risk with Byrnecut mobilizing, and upcoming cash outflows for stamp duty and tax. Overall, the positive operational momentum, strong balance sheet and delivered milestones outweigh the execution and near-term capital/timing risks.Company Guidance
Record and Growing Production
Consecutive quarter of record gold production at ~74,000 ounces in the December quarter; first half production of just over 147,000 ounces, positioning the company to meet FY '26 guidance of 260,000-290,000 ounces.
Strong Cash Generation and Balance Sheet
Mine operating cash flow of AUD 231 million and net mine cash flow of AUD 167 million after AUD 64 million invested into growth; cash and investments increased by AUD 41 million to AUD 404 million; ended the quarter with >AUD 400 million cash and nil bank debt after fully repaying a AUD 100 million corporate debt drawdown within 7 months.
Robust Sales and Realised Price
Sold ~71,000 ounces at an average realised gold price of AUD 6,057/oz, up 20% quarter-on-quarter, generating AUD 430 million in revenue for the quarter.
Strong Financial Profitability
Unaudited NPAT for the half-year estimated at AUD 235-245 million, up ~300% versus the prior corresponding period and above FY '25 full-year NPAT of AUD 221 million.
Operational Efficiency and Cost Control
Quarter all-in sustaining cost (AISC) of AUD 2,635/oz and H1 AISC of AUD 2,578/oz, tracking to the lower half of FY '26 guidance (AISC range AUD 2,500-2,700/oz) aided by company-wide Project TALO cost initiatives.
Safety and Development Milestones
Zero lost time injuries (0 LTIs) in the quarter and improved serious injury frequency rate (SIFR) to 4.2; multiple Tower Hill milestones achieved (Stage 1 mine development & closure plan approval, native vegetation clearing permit, rail agreements, and two mining agreements with Traditional Owner groups) supporting accelerated readiness.
Material Production and Mill Performance
Leonora and Laverton mills processed strong tonnages: Leonora processed 365,000 t @ 4.0 g/t with 92.8% recovery (~43,000 oz recovered); Laverton processed 759,000 t @ 1.5 g/t with 83.8% recovery (~31,000 oz recovered). Group stockpiles closed at 1.4 million tonnes @ 1.2 g/t for ~53,000 oz.
Significant Quarterly Improvements at Key Mines
Leonora underground delivered 289,000 t @ 4.6 g/t for 42,783 oz (tonnes +24% QoQ, ounces +34% QoQ); Gwalia produced ~32,000 oz @ 5.6 g/t; Ulysses recorded a record 1.6 km lateral advance and produced 10,500 oz from 111,000 t (46% improvement QoQ).
Exploration Momentum
AUD 11.9 million invested in exploration in the quarter with programs including upper Gwalia workings and the maiden Genesis drilling at Beasley Creek, generating encouraging opportunities for resource growth and infill conversion.
DE:3G2 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed