Regis Resources has announced record profits and extraordinary shareholder returns, delivering a net profit after tax of $715 million for FY26 alongside fully franked final dividends of 20 cents per share. The company’s board declared these dividends comprising 15 cents in ordinary distributions and 5 cents as a special dividend, capping a record fiscal year that has rewarded patient investors with a dividend yield of 6.1 percent from a conservative 39 percent payout ratio.
The operational performance underpinning these results reflects both operational consistency and favorable market conditions. Regis produced 379,050 ounces of gold during the year at an all-in sustaining cost of $2,945 per ounce, generating gold sales revenue of $2.349 billion across 373,879 ounces sold at an average realised price of $6,283 per ounce. The company’s EBITDA reached $1.345 billion with a margin of 57 percent, demonstrating the leverage inherent in gold mining operations when commodity prices strengthen. This leverage is significant for investors, as the company achieved these record results while maintaining disciplined capital management rather than through aggressive expansion.
Balance sheet strength now provides Regis with substantial strategic optionality. Cash and bullion increased to $1.184 billion during the year, a $667 million improvement despite $307 million in tax and dividend payments. This fortress balance sheet positions the company to navigate commodity cycles, invest in growth, or return further capital as circumstances warrant. The board introduced a new capital management policy during the year that formalises how dividends and capital returns will be considered, providing investors with transparency around governance of future distributions.
The dividend itself represents a standout yield for the gold sector, particularly given Regis has maintained a fully franked distribution policy that adds material tax credits for Australian investors. The total FY26 dividend of 35 cents per share, when grossed up for franking credits of 15 cents per share, delivers an effective yield on the 20 August share price of $8.23. This combination of yield and franking credit exposure appeals broadly to income-focused investors and Australian superannuation funds.
One notable aspect of Regis’s position is its unhedged exposure to gold prices. The company did not lock in commodity prices during FY26, instead capturing the full benefit of rising gold valuations. Whilst this positioning delivered exceptional returns in the recent period, it also means Regis remains fully exposed to any potential price correction in gold markets, a consideration for investors evaluating risk and return.
Looking forward, investors should monitor the company’s capital deployment strategy under its new policy and its production performance as it enters FY27 with a strong balance sheet. Movement in gold prices, broader macroeconomic conditions affecting the commodity, and the company’s execution on operational guidance will be key to assessing whether Regis can sustain this level of returns. This announcement has been flagged as price sensitive and material by the ASX.
View the full ASX announcement (PDF)
About Regis Resources Limited (ASX: RRL)
Regis Resources Limited is an Australian gold producer and explorer that engages in the exploration, evaluation, and development of gold projects. The company operates the Duketon Gold Project in the northeastern Goldfields of Western Australia and the Tropicana Gold Project east-northeast of Kalgoorlie in Western Australia.
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