Earnings call transcript: Regis Resources posts record FY2026 profit, shares rise 2.7%

In its annual earnings call for FY2026, Regis Resources disclosed record profit, cash flow and dividends, driven by robust gold prices and steady production. The gold miner reported a statutory net profit after tax of AUD 715 million, a 180% increase from the previous year, and operating cash inflows of AUD 1.25 billion. The company managed to produce 379,050 ounces, meeting its top guidance.

Regis ended the year with AUD 1.185 billion in net cash and bullion after paying over AUD 300 million in dividends and taxes. The company's strong financial performance led its shares to rise 2.7%, or $0.225 per share, to $8.455 in pre-market trading. Regis Resources stated that FY2026 was its strongest year yet on multiple measures, with statutory NPAT rising to AUD 715 million from AUD 254 million in FY2025 and operating cash inflows increasing to AUD 1.25 billion from AUD 821 million.

The company's gold sales grew by 43% year-on-year, aided by record spot gold prices and comparable ounce volumes. Regis said it sold 374,000 ounces in a rising gold market and maintained all-in sustaining costs at AUD 2,945 per ounce. The strong cash generation led to a free cash flow yield of 11%, outperforming industry averages.

The company's stock exhibited strong momentum over the past year, delivering an 89% total return, outperforming broader market indices. Management highlighted that the company's consistent production guidance and ability to convert strong gold prices into cash, dividends, and balance-sheet strength played a crucial role in generating these results. Analysts acknowledge the company's undervaluation and its attractive capital returns potential.