Results - ASX:GGP
Greatland FY26 audited net profit A$862.3m, up 156%; revenue A$2.26bn; no dividend declared
Greatland's audited Appendix 4E for the year to 30 June 2026 reports revenue of A$2,259.4m and net profit after tax of A$862.3m, up 156% on the prior year. Net tangible assets rose to A$3.26 per security from A$1.95, and no dividend was paid or declared. This two-page summary does not include the cash flow statement, balance sheet or commentary, which sit in the Annual Report and were not attached.
(price sensitive) - Greatland Resources announced: "Greatland 2026 Appendix 4E" (2 pages) - read the original
What investors must know
- Net profit after tax attributable to members was A$862.3m for the year to 30 June 2026, up A$525.0m or 156% on A$337.3m a year earlier.
- Revenue from ordinary activities was A$2,259.4m, up 136% from A$957.4m.
- Net tangible assets per security were A$3.26, up 67% from A$1.95.
- No dividend was paid or declared for FY26.
- The accounts are audited by PricewaterhouseCoopers with an unqualified audit report (page 174 of the Annual Report).
- Cash, debt, operating cash flow and production detail are not in this two-page PDF; the statements are referenced at pages 125 to 128 and were not attached.
Money: can they follow it up?
- Period ending
- 2026-06-30
- Revenue
- $2.3bn
All figures are in A$ as stated in the 4E: revenue A$2,259.372m and net profit after tax A$862.297m for the year to 30 June 2026. The announcement gives no cash, debt, operating cash flow or production figures, so those fields are left blank. The cash flow statement (page 128) was not attached. The most recent DrillScore history shows cash of A$1,289m and nil debt at 30 June 2026 from the June quarter report, but that is not part of this announcement.
Appendix 5B explained - why runway predicts raisings - every company's runway
How the price reacted
News signal positive, and on day 1 the stock moved -1.9% against the gold index (XGD). After 20 trading days: -10.6% against the XGD.
From the last close before the market could trade on it ($13.53 on 26 Aug 2026), with day-1 volume 1.1x the 20-day average.
GGP's past price-sensitive news
After 9 earlier announcements, GGP rose on day 1 4 times and fell 5 times - an average move of +2.6%.
DrillScore has no recorded share price reactions to Greatland's earlier price-sensitive news, so there is no pattern to describe. The share price was A$13.53 before this release and A$10.36 now, a fall of about 23%. That move happened alongside falls across gold and copper equities, with the GDX down 20.3% and the XGD down 11.9% over the same period, so it cannot be attributed to this announcement alone.
Past reactions describe what happened, not what will. How prices react to results
The historical pattern
What share prices did after past results like this one, from DrillScore's own records. It describes the past: it isn't a forecast for GGP and it isn't advice.
After 41 other announcements read as 'positive', stocks moved +1.9% by day 1, +2.6% by day 5 and +1.3% by day 20 against the XGD on average.
- Day 1
- +1.9%
- Day 5
- +2.6%
- Day 20
- +1.3%
After its earlier announcements, GGP moved +1.9% by day 1, +3.7% by day 5 and +3.0% by day 20 against the XGD on average.
- Day 1
- +1.9%
- Day 5
- +3.7%
- Day 20
- +3.0%
In the 20 trading days before this release the XGD gold index moved +32.5% (rising). After 38 past gold announcements released into a rising gold index, stocks moved +2.0% by day 1, +3.0% by day 5 and -4.1% by day 20 on average - before taking the market's own move out.
- Day 1
- +2.0%
- Day 5
- +3.0%
- Day 20
- -4.1%
A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out
The market it landed in
| Market | On the day | Now | Since |
|---|---|---|---|
| Gold (US$/oz) | US$4,653 | US$3,886 | -16.5% |
| Gold (A$/oz) | A$6,494 | A$5,737 | -11.7% |
| Copper (US$/lb) | US$6.59 | US$6.09 | -7.7% |
| AUD/USD | 0.7165 | 0.6774 | -5.5% |
At release, spot gold was A$6,494/oz (US$4,653/oz on COMEX). Since then the A$ gold price has fallen 11.7% to A$5,737/oz and US gold 16.5%. Copper is down 7.7% since release. The reported FY26 revenue and profit reflect prices across the year, not the spot price at release, and the 4E states no realised price, cost or price deck. The Australian dollar fell from US$0.7165 to US$0.6774, which, all else equal, lifts the A$ value of US$-priced sales. Sector mood has been weak: the XGD is down 11.9%, GDX 20.3%, GDXJ 25.5% and COPX 27.5% since release.
Against GGP's own history
DrillScore holds no drilling results, capital raisings or price reactions for Greatland yet, so there is no drilling comparison. The 4E largely consolidates figures already released: the 6 July production update (FY26 gold 328,986oz) and the 29 July June quarter report (79,100oz gold at A$2,312/oz AISC, cash A$1,289m, FY26 beating guidance). Cash in the history rose from A$1,208m at 31 March 2026 to A$1,289m at 30 June 2026, and no capital raising is on record. The 4E shows no new raising.
Risks & caveats
- Profit reflects the prices and costs across FY26, and spot prices have fallen since the release, so later periods may look different.
- The 4E alone does not show cash flow, cash or debt, so it cannot show whether the profit converted into cash.
- This document does not split operating profit from one-off or non-cash items.
- No dividend was declared, so the return to shareholders this year comes only through share price.
What's next
- Full Annual Report with the Financial Report, statements and results commentary - not stated
- September quarter 2026 activities report with Appendix 5B cash flows - not stated in this announcement
- Havieron development progress and Telfer operating update - not stated in this announcement
Questions worth asking
- What was net operating cash flow and capital spending for FY26, and how did year-end cash compare with the A$1,289m reported at 30 June?
- How much of the A$862.3m profit came from operations and how much from one-off, tax or non-cash items?
- When will the Annual Report with the full statements and commentary be released, and what is the expected date for the September quarter report?
- How do current FY27 cost and production expectations look at the lower spot gold price?
- What is the Havieron development timetable and capital cost, and is any further funding needed?
What it means
For someone following Greatland, the year's headline numbers are strong: profit and revenue more than doubled and net tangible assets rose by two-thirds. But most of this news was already out in the June quarter and production updates, and the 4E does not say how much cash the year generated or what the company's costs look like at today's lower gold price. The most useful next items are the Annual Report commentary and the September quarter cash flow numbers. This is general information, not personal financial advice.
General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.
Decoded 15 Nov 2026, 8:17 am by claude-haiku-5-5 - confidence: high. Spotted a mistake? Tell us.
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