ASX-listed Perseus Mining has reported a strong financial performance for the financial year ended June 30, with its profit after tax having increased by 14% year-on-year to $480.5-million.

The company reported a 19% year-on-year increase in revenue to $1.48-billion and earnings before interest, taxes, depreciation and amortisation (Ebitda) of $860.5-million, up 16%.

Earnings per share for the period were A$0.32, which is up 17% year-on-year.

Net cash flow from operating activities was $666.4-million, up 24%, equating to A$0.49 a share.

The company had $1.03-billion of cash and bullion ($0.77 a share) plus $400-million in undrawn debt as at June 30.

“Perseus has delivered a record financial result for financial year 2026 delivering on production and cost guidance again, a reflection of the company’s ongoing commitment to delivering on its priorities,” says MD and CEO Craig Jones.

He notes that strong gold prices supported the company’s delivery of record net operating cash flow of $666-million, enabling a record year for shareholder returns.

He adds that the company has also declared a final dividend of A$0.09 a share, taking Perseus’ full-year dividend to A$0.14, up 87%, alongside A$126-million in on-market share buybacks during the year.

Additionally, Jones says the financial year under review was also a year of major project momentum, with the company’s Nyanzaga gold project, in Tanzania, on track for first gold pour in January 2027. Perseus also achieved the first gold pour from the CMA underground, in Côte d’Ivoire, during the year under review.

The company notes that overall project progress for Nyanzaga reached 67% at the end of June, with $328.5-million (63%) of the approved $523-million budget incurred and $95-million (18%) committed.

With all major construction procurement now complete and all site installation contracts awarded, the project construction capital and operational readiness cost to completion remains within budget of $483-million.

Further, Jones says the company’s mineral resource and ore reserve update released on August 26 demonstrates Perseus’ ongoing ability to grow its resources, with a 37% increase in measured and indicated resources and a 40% increase in proved and probable reserves compared to the 2025 financial year.

The company also announced updates to its capital management framework, increasing its minimum dividend from 1% of yield to 20% of free cash flow, along with a new on-market share buyback of A$350-million.

Jones says this reflects Perseus’ confidence in the business and its ongoing commitment to delivering value to shareholders, adding that the company is proposing a further A$100-million distribution from the excess cash from the divestment of the Meyas Sands project, in Sudan.

“Alongside our fantastic financial results, we also published our sustainable development report, the story of how and why we do what we do, for our people, our communities and the countries where we operate”.

Gold production and cost guidance for the financial year to June 30, 2027, remain unchanged from that previously reported to the market.