EarningsQ2 2026 Earnings Report
MX:AUN Q2 2026 EPS Results
Actual EPS$33.60
Consensus EPS$34.80
Beat/MissMissed by -$1.20
One Year Ago EPS$21.43
MX:AUN Q2 2026 Revenue Results
Actual Revenue$53.22B
Expected Revenue$54.86B
Beat/MissMissed by -$1.65B
YoY Revenue Growth+26.95%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
MX:AUN Upcoming Earnings
Anglogold Ashanti PLC's next earnings date is estimated for November 5, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:AUN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a strong financial and operational performance with material YoY improvements in EBITDA, earnings, EPS, cash generation and a transformed balance sheet (net cash and ample liquidity). Management highlighted disciplined cost control via Full Asset Potential programs and significant shareholder returns (dividends, buybacks). Key challenges include a fatal safety incident at Obuasi with short‑term production impacts, elevated industry‑wide cost pressures (inflation, fuel, royalties) that increased cash costs by ~21%, and a lumpy, elevated tax payment in Q2. Management reiterated guidance, detailed a credible low‑capex organic growth pipeline and expects tax seasonality to improve cash conversion in H2. Overall the positives (strong earnings/cash, balance sheet improvement, growth optionality, shareholder returns) substantially outweigh the operational and macro headwinds, which management considers manageable.Company Guidance
Strong EBITDA Growth
EBITDA rose 46% year‑on‑year to $2.0 billion, driven by higher realized gold prices and disciplined cost execution.
Substantial Increase in Earnings and EPS
Headline earnings increased 58% to ~$1.0 billion and basic earnings per share rose 49% to $1.97 (from $1.32 YoY).
Robust Cash Generation and Free Cash Flow
Cash generated from operations grew 49% to $1.8 billion for the half; Q2 free cash flow was $727 million, a 36% increase versus Q2 last year; net cash flow from operations rose 41% to $1.4 billion.
Transformed Balance Sheet and Liquidity
Liquidity of $4.2 billion and a net cash position of nearly $1.0 billion ($991 million), a $1.3 billion swing from prior year net debt of $311 million; bond repurchases of $666 million executed in April.
Shareholder Returns and Capital Allocation
Declared ~$949 million of dividends for the half (including $364 million declared in Q2); quarterly baseline dividend $0.125/share with a half‑year true‑up to target 50% of free cash flow; $2.0 billion open market buyback program approved by shareholders (pending SARB).
Operational Discipline and Margin Resilience
Company emphasizes controllable cost reduction (controllables slightly lower in real terms) and Full Asset Potential programs; Tier 1 assets account for >70% of production with a 71% cash margin, Tier 2 assets delivering a 58% margin.
Organic Growth Pipeline and Project Progress
Low‑risk brownfield/greenfield opportunities identified (Geita, Cuiaba, Siguiri, Obuasi, Sukari); potential to add ~10–15% to current production within 3 years from existing operations; Arthur (Nevada) moving to full feasibility with major drilling completed and a target of +1 Moz reserve addition this year.
Sector‑Leading Free Cash Flow Per Share Performance
Generated sector‑leading 36% year‑on‑year growth in free cash flow per share in Q2, outpacing peers and supporting higher shareholder payouts.
MX:AUN 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