Results - ASX:RRL
Regis FY26 net profit A$715M; final dividend 20c incl 5c special; cash and bullion A$1.184B
Regis reported record FY26 net profit of A$715M, EBITDA of A$1.345B and operating cash flow of A$1.247B, from 379,050 oz of gold produced at an AISC of A$2,945/oz. It declared a 20c final dividend (15c ordinary plus a 5c special linked to a break fee from the terminated Vault transaction), taking FY26 to 35c, and reaffirmed FY27 guidance. The result was earned at FY26 gold prices, which have since fallen, and a tax catch-up payment of A$220-240M is due in December 2026.
(price sensitive) - Regis Resources announced: "Record Profit Delivers Record 20cps Final Dividends" - read the original
What investors must know
- Net profit after tax was A$715M (up A$461M), EBITDA A$1.345B at a 57% margin, and operating cash flow A$1.247B, all for the 12 months to 30 June 2026.
- Gold produced was 379,050 oz at an AISC of A$2,945/oz; 373,879 oz were sold at an average price of A$6,283/oz for gold sales revenue of A$2.349B.
- Cash and bullion was A$1.184B at 30 June 2026, after A$151M of dividends, A$156M of tax and A$440M of investing payments (A$23M of that was on the McPhillamys study).
- The final dividend is 20c (15c ordinary plus 5c special), totalling A$151M; FY26 total is 35c or A$265M, with ex-dividend on 10 September 2026 and payment on 7 October 2026.
- FY27 guidance was reaffirmed: 360-400koz production, AISC of A$2,990-3,390/oz (including about A$88/oz of non-cash stockpile movements) and growth capital of A$250-270M.
- Tax: monthly instalments of about A$20M are forecast at A$15-20M for the rest of H1 FY27, with a catch-up payment of A$220-240M expected in December 2026 and higher instalments from January 2027.
- Regis states it remains unhedged, so its results move directly with the spot gold price.
Money: can they follow it up?
- Period ending
- 2026-06-30
- Cash
- $1.2bn
- Operating cash flow (quarter)
- $1.2bn
- Gold produced
- 379,050 oz
- AISC
- A$2,945/oz (margin about A$3,471/oz at the day's gold price)
- Revenue
- $2.3bn
- Guidance
- FY27 guidance reaffirmed: production 360-400koz (Duketon 240-270koz, Tropicana 30% 120-130koz); AISC A$2,990-3,390/oz including about A$88/oz of non-cash stockpile movements; growth capital A$250-270M; exploration A$80-90M; McPhillamys A$30-35M. FY26 guidance attainment is not stated in this release.
Full-year figures to 30 June 2026, in A$m; no Appendix 5B is included. Cash of 1,184 is the combined 'cash and bullion' figure stated in the announcement, including 7,631 oz of bullion valued at A$5,861/oz (footnote 4); a cash-only figure is not stated. DrillScore's database holds 1,139.12 for the same date, which may exclude bullion, but the announcement does not say so. Operating cash flow of 1,247 is from Table 1. Investing of -440 is the A$440M of payments for investing activities stated in the text and may not be the full investing cash flow. Gold of 379,050 oz is production; 373,879 oz were sold. Debt, undrawn facilities, shares on issue, options and exploration spend are not stated. The company is self-funding on these figures, but the December 2026 tax catch-up and FY27 growth capital will reduce the cash balance.
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: -0.1% against the XGD.
From the last close before the market could trade on it ($8.23 on 20 Aug 2026), with day-1 volume 2.3x the 20-day average.
RRL's past price-sensitive news
After 9 earlier announcements, RRL rose on day 1 4 times and fell 5 times - an average move of -0.9%; after financial results alone, +3.3%.
DrillScore's database holds no share price reactions to earlier price-sensitive news for Regis, so no past reaction pattern can be applied here. The stock closed at A$8.23 on 20 August 2026 and is now A$6.65. Over the same period GDX, GDXJ, XGD and the S&P/ASX 300 Metals and Mining index all fell, so the price move cannot be attributed to this release alone.
Past reactions describe what happened, not what will. How prices react to results
The historical pattern
What share prices did after past results like this one, from DrillScore's own records. It describes the past: it isn't a forecast for RRL and it isn't advice.
After 41 other announcements read as 'positive', stocks moved +1.8% by day 1, +2.4% by day 5 and +1.0% by day 20 against the XGD on average.
- Day 1
- +1.8%
- Day 5
- +2.4%
- Day 20
- +1.0%
After its earlier announcements, RRL moved -1.1% by day 1, -0.6% by day 5 and +1.7% by day 20 against the XGD on average.
- Day 1
- -1.1%
- Day 5
- -0.6%
- Day 20
- +1.7%
In the 20 trading days before this release the XGD gold index moved +17.3% (rising). After 38 past gold announcements released into a rising gold index, stocks moved +1.8% by day 1, +2.5% by day 5 and -4.3% by day 20 on average - before taking the market's own move out.
- Day 1
- +1.8%
- Day 5
- +2.5%
- Day 20
- -4.3%
A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out
The market it landed in
| Market | On the day | Now | Since |
|---|---|---|---|
| Gold (US$/oz) | US$4,571 | US$3,886 | -15.0% |
| Gold (A$/oz) | A$6,416 | A$5,737 | -10.6% |
| Copper (US$/lb) | US$6.46 | US$6.09 | -5.7% |
| AUD/USD | 0.7125 | 0.6774 | -4.9% |
At release (20 Aug close), COMEX gold was US$4,571.4/oz (A$6,416/oz). Now it is US$3,886.3/oz (A$5,737.08/oz), down 15.0% in US$ and 10.6% in A$, as the A$ fell to US$0.6774 from US$0.7125. Spot A$5,737/oz is below the A$6,283/oz average realised in FY26 and below the A$5,861/oz used to value bullion at 30 June, but still well above FY26 AISC of A$2,945/oz and FY27 group AISC guidance of A$2,990-3,390/oz. The announcement does not state the gold price assumed in its FY27 guidance, so the comparison is with spot only. Sector mood has turned weaker since release: GDX -18.2%, GDXJ -23.3%, XGD -8.1%, S&P/ASX 300 Metals and Mining -12.1%, COPX -23.0%. The US 10-year yield rose to 5.154% from 4.696% and the DXY rose to 103.41, both of which tend to weigh on gold. Silver fell 27.8% and copper 5.7% over the same period.
Against RRL's own history
This release reports the same full-year numbers as DrillScore's 21 Aug 2026 results entry for the FY26 annual report (scored 52, Solid); if they are one release, the two readings should be reconciled. The 24 Jul 2026 June quarterly (scored 80, Standout) reported 101,541 oz at an AISC of A$3,244/oz and cash and bullion of A$1.18B. The 17 Jul 2026 guidance (scored 50, Solid) set FY27 production at 360-400koz and AISC at A$2,990-3,390/oz, which this release reaffirms unchanged. No capital raisings are on record, and the Dividend Reinvestment Plan remains suspended. The announcement itself says total dividends since 2013 are about A$850M, with over A$300M declared in the last 18 months.
Risks & caveats
- Earnings and cash flow depend on the gold price; the company says it is unhedged and spot gold has fallen since the release (US$3,886.3/oz now against US$4,571.4/oz at release).
- The A$220-240M tax catch-up (December 2026) and FY27 growth capital of A$250-270M will draw on the cash balance; the tax figure is described as 'in the order of' and is not yet confirmed.
- The 5c special dividend is tied by the announcement to a break fee from a terminated transaction, so it is a one-off source rather than a recurring payment.
- The 6.1% yield is calculated at the A$8.23 price before the release, with grossed-up franking credits; it will differ at other share prices.
- Headline FY27 AISC includes about A$88/oz of non-cash stockpile movements, so it is not a pure cash cost measure.
What's next
- Ex-dividend date for the 20c final dividend - 10 September 2026
- Record date for the final dividend - 11 September 2026
- Final dividend payment date - 7 October 2026
- Catch-up payment of FY26 income tax (expected A$220-240M) - December 2026
- Step-up in monthly income tax instalments as a percentage of revenue - From January 2027
- FY27 production, cost and capital progress against guidance - Not stated
Questions worth asking
- How much cash will remain after the A$220-240M tax catch-up and the A$250-270M FY27 growth capital, and what is the expected cash balance at 30 June 2027?
- What gold price is assumed in the FY27 guidance, and how much of the A$88/oz non-cash stockpile effect is expected to reverse?
- How much of the 5c special relates to the Vault break fee, and does the company expect any further one-off receipts?
- How sensitive are FY27 earnings and dividends to spot gold, now about A$5,737/oz against FY26 realised A$6,283/oz?
- What decisions on McPhillamys are expected after the A$30-35M of FY27 spend, and on what timetable?
What it means
For someone following Regis, this release confirms strong FY26 earnings and cash generation at high gold prices, with cash and bullion of A$1.184B and a reaffirmed FY27 guidance range. The main things to watch are the gold price, which has fallen since release and to which Regis is unhedged, and the cash calls from the A$220-240M tax catch-up and FY27 growth capital. The 5c special is tied to a one-off break fee, so it should not be read as a recurring payment. This is general information, not personal 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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