Westgold Resources Limited (ASX: WGX) has lodged its FY27 guidance and updated three-year outlook with the Australian Securities Exchange on September 9, 2026. The announcement follows a scheduled investor update webcast.

The company’s leadership team presented the update at 10:00 am AWST (12:00 noon AEST), followed by a question-and-answer period.

Executive Participation

The following executives were scheduled to present:

• Wayne Bramwell, Managing Director and CEO
• Tommy Heng, Chief Financial Officer
• Aaron Rankine, Chief Operating Officer
• Leigh Devlin, Chief Technical Officer

Webcast Details

Investors and analysts can listen to the webcast live by registering through the company’s designated link. Registrants will receive a confirmation email with access details. Participants are advised to log on several minutes before the scheduled start time to ensure timely registration.

This announcement is authorised for release to the ASX by the Board of Westgold Resources Limited.

Westgold Resources Limited (ASX: WGX) reported a 452% year-on-year rise in underlying net profit after tax (NPAT) to $480 million for the fiscal year ended June 30, 2026. The Australian gold miner also declared a fully franked final dividend of 10 cents per share, significantly above its minimum commitment.

The Perth-based company delivered record financial outcomes driven by a combination of volume growth and favorable commodity pricing. Revenue climbed 79% to $2,441 million, while underlying earnings before interest, tax, depreciation, and amortization (EBITDA) more than doubled to $1,104 million.

Operational Drivers

Westgold produced a record 387,354 ounces of gold in FY26, a 19% increase from the previous year’s 326,384 ounces. Sales volumes rose even sharper at 26%, reaching 390,358 ounces as the company drew down inventory.

The revenue expansion was fueled by both higher output and a substantial jump in realized gold prices. The achieved gold price rose 42% to $6,238 per ounce, compared to $4,387 per ounce in FY25. Despite industry-wide inflationary pressures, all-in sustaining costs (AISC) remained relatively stable, increasing just 7% to $2,841 per ounce.

Financial Performance

Underlying EBITDA margins expanded to 45% from 37% in the prior year, reflecting strong operating leverage. Operating cash flow surged 170% to $964 million, enabling significant balance sheet strengthening.

Free cash flow jumped from $5 million in FY25 to $602 million in FY26. This robust generation allowed Westgold to build its treasury position by $575 million, closing the year with $939 million in cash and remaining 100% debt-free. The company is also fully unhedged against gold price movements.

Statutory NPAT stood at $443 million, slightly lower than the underlying figure due to losses on asset sales ($119 million) and assets held for sale ($5 million), partially offset by an $85 million tax adjustment benefit.

Shareholder Returns

Management returned approximately $122 million to shareholders in FY26 through dividends and on-market buybacks. The declared final dividend of 10cps represents a 233% increase over the prior year’s payout.

For FY27, the Board approved a new Shareholder Capital Return Policy and authorized a $50 million on-market share buy-back program. CEO Wayne Bramwell stated the company would continue allocating capital to high-return growth projects while maintaining balance sheet strength.

What the Numbers Show

The divergence between production growth (+19%) and sales growth (+26%) indicates Westgold actively reduced its gold inventory during the period. This strategy allowed the company to capture higher realized prices earlier, accelerating cash conversion. With AISC rising only 7% against a 42% price increase, the margin expansion was primarily driven by external price dynamics rather than cost efficiency gains.