Evolution Mining has delivered substantially improved financial results for the year ended 30 June 2026, with net profit attributable to shareholders rising 59% to $1.48 billion from $926 million in the prior year. This meaningful expansion reflects both operational excellence from the company’s six-mine portfolio and a supportive commodity price environment that has lifted both production and realizations across the year. The result positions Evolution as a profitable generator of shareholder returns in a sector where scale and geographic diversification have become increasingly important competitive factors.
Revenue climbed 28% to $5.56 billion, though the more instructive metric is the 41% jump in EBITDA to $3.05 billion, signaling that profit growth has outpaced top-line expansion and margins have held resilience. Statutory profit before tax surged 71% to $2.19 billion, demonstrating strong operational leverage and disciplined cost management despite inflationary pressures faced by mining companies globally. The divergence between revenue growth of 28% and EBITDA growth of 41% suggests either production increases exceeded volume expectations or that realized gold prices moved materially higher during the period, both positive indicators for operational performance. Evolution operates five wholly-owned mines across Cowal in NSW, Ernest Henry and Mt Rawdon in Queensland, Mungari in Western Australia, and Red Lake in Ontario, Canada, alongside an 80% stake in Northparkes in NSW, providing a geographically diversified production base with exposure to both Australian and North American jurisdictions.
The earnings per share metric of 72.84 cents (basic) versus 72.77 cents in FY25 shows near-flat per-share growth despite substantial profit expansion, likely reflecting some dilution from capital management activities or share issuance. Net tangible assets per share increased to $3.31 from $2.81, suggesting stronger financial positioning and additional shareholder value creation beyond earnings alone. This metric holds particular relevance for investors interested in balance sheet strength and tangible backing of their shareholding.
The capital return to shareholders reflects confidence in these results. Evolution has declared a 20 cent interim dividend and 21 cent final dividend, both fully franked, for total FY26 distributions of 41 cents per share. The Dividend Reinvestment Plan will operate without discount on the final dividend, allowing shareholders to reinvest returns at market prices if desired. With the final dividend ex-date scheduled for 10 September and payment on 2 October, the timing provides investors with clear visibility of cash returns in the coming weeks.
Beyond financial metrics, Evolution has maintained operational discipline through a total recordable injury frequency of 5.85, underscoring ongoing safety management across its mining operations. The company continues to receive recognition from ESG reporting agencies for sector-leading sustainability performance, a consideration for institutional investors evaluating holdings against environmental and governance criteria.
Investors will likely focus on production guidance and all-in sustaining costs for the coming financial year when the full annual report details emerge, along with management commentary on operational momentum and capital allocation priorities. This announcement is price sensitive and has been flagged as material to the ASX by Evolution Mining.
View the full ASX announcement (PDF)
About Evolution Mining Limited (ASX: EVN)
Evolution Mining Limited is an Australia-based gold mining company that engages in the exploration, mine development, operation, and sale of gold and gold-copper concentrates. The company operates six mines located in Australia and Canada, including assets in New South Wales, Queensland, Western Australia, and Ontario. It also explores for copper and silver deposits.
If you would like to discuss this announcement or how it might affect your portfolio, request a callback or call us on 1300 889 603.
