FY25 Financial Results

FY25 Financial Results

Benzinga
August 27, 2025

Record revenue and EBITDA following transformational merger

PERTH, Australia, Aug. 28, 2025 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX:WGX) (Westgold or the Company) is pleased to report the highlights of its financial results for the year ended 30 June 2025 (FY25).

FY25 Highlights

Record revenue: 90% increase to $1,360M (FY24: $716M)

Record adjusted EBITDA1: 84% increase to $498M (FY24: $271M), generated at a competitive EBITDA margin of 36%

NPAT: 63% decrease to $35M (FY24: $95M) - due to one off transaction costs

Underlying free cash flow: 120% increase to $224M (FY24: $102M)

Earnings per share: 3.85 cents per share (FY24: 20.11 cents per share)

Cash, bullion & liquids up 38%, to $364M

33% increase in dividends to 3cps (FY24: 2.25cps)

Westgold Managing Director and CEO Wayne Bramwell commented:

"FY25 was transformative for Westgold and added the strategic Southern Goldfields assets to Westgold's portfolio.

Through targeted investments in infrastructure and talent across the Group, we doubled our operational scale and achieved record gold production of 326koz. One off transaction costs impacted full year statutory profit, but record EBITDA and free cash flow demonstrated the latent capacity of the expanded portfolio.

Westgold finished the year with $364M in cash, bullion and liquid investments. Our balance sheet and confidence in our future cash flows, provides the opportunity to reward shareholders with a dividend in excess of our current policy, and to initiate a share buy-back programme."

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1 Excludes stamp duty and acquisition costs for the merger with Karora Resources Ltd. and the gain on disposal of Lakewood.

FY25 Summary

Key Consolidated Results

FY25

FY24

Movement

Revenue ($M)

1,360

716

90 %

Gold sales (oz)

308,979

227,691

36 %

Achieved gold price ($/oz)

4,387

3,135

40 %

Cost of sales ($M)

1,126

559

101 %

EBITDA ($M)

446

271

65 %

Adjusted EBITDA2 ($M)

498

271

84 %

Adjusted EBITDA/oz ($/oz)

1,526

1,192

28 %

EBIT ($M)

120

134

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