Gold Giant Regis Declares Record 15c Dividend as Profits Surge to $323M

Key Highlights:

• Statutory NPAT jumps 267% to $323 million

• Record cash flow of $413 million in H1 FY26

• 15c fully franked interim dividend declared

• Cash and bullion rises to $930 million

• EBITDA margin expands to 57%

Australia’s gold sector has a new headline act this reporting season, and it comes wrapped in bullion.

Regis Resources Ltd has reported record half-year earnings and declared its largest ever interim dividend, as soaring gold prices turned the miner into what analysts describe as a high-margin cash engine.

According to its Half Year Financial Results for the period ended 31 December 2025  , Regis delivered statutory net profit after tax of $323 million, up from $88 million a year earlier. EBITDA climbed 73% to $621 million, while gold sales revenue rose 40% to $1.088 billion.

Chief Executive Officer and Managing Director Jim Beyer said the result reflected both disciplined operations and full exposure to record gold prices.

“Regis has delivered an outstanding financial result for the first half of FY26. The operational performance has increased the financial strength of our business translating to record EBITDA, NPAT and cash flow,” Mr Beyer said.

Source: Regis Resources Company Announcement

The standout figure for many market watchers is the dividend. The board declared a fully franked interim dividend of 15 cents per share, totalling $114 million  . That is a sharp step up from the total 5 cents paid across the entire FY25 year.

The ex dividend date is 12 March 2026, with payment scheduled for 8 April 2026.

Gold prices do the heavy lifting

Regis sold 182,327 ounces of gold at an average realised price of $5,968 per ounce, a 52% jump compared with the prior corresponding period.

While production volumes dipped 8% year on year, margins expanded meaningfully. All in sustaining costs came in at $2,850 per ounce  , leaving a substantial profit gap between cost and sale price.

In simple terms, Regis was selling gold for nearly $6,000 per ounce while it cost under $3,000 to produce. That margin expansion drove EBITDA margin up to 57%, compared with 46% in the prior period.

The company closed the half with $930 million in cash and bullion, up $413 million over six months  . That cash pile remains after spending $190 million on future production investments and $39 million on exploration.

Mr Beyer said the company remained on track to meet full year guidance and expected another strong period if current gold prices persist.

“In the prevailing gold price environment, we expect to see another period of significant cash generation and profitability,” he said.

A new capital return blueprint

Alongside the bumper result, Regis unveiled a formal Capital Management Policy.

The policy targets paying between 25% and 50% of the Group Cash Increase over each half year as fully franked dividends  . In practical terms, that links shareholder returns directly to cash growth rather than accounting profit.

Over time, if cash balances exceed strategic requirements, special dividends or share buy backs may also be considered.

Since 2013, Regis has returned nearly $700 million to shareholders.

The broader gold backdrop

The result arrives as global gold prices hover near record highs, supported by geopolitical tensions, central bank buying and persistent inflation concerns. According to the World Gold Council, central bank purchases have remained elevated in recent years, underpinning demand for bullion as a strategic reserve asset.

Unlike some peers that hedge future production at fixed prices, Regis has sold its output into spot markets. That strategy amplified gains in a rising price environment but would equally expose earnings if prices retreat.

FY26 guidance remains unchanged, with production targeted between 350,000 and 380,000 ounces and all in sustaining costs guided at $2,610 to $2,990 per ounce.

On market reaction, shares in Regis were trading around $8.47 in afternoon trade, up 0.83% on the day. Over the past year, the stock has delivered a return of more than 160%, reflecting the powerful leverage gold miners can have to rising commodity prices.

Source: MarketIndex 

For now, Regis stands as a case study in how disciplined operations, strong pricing and balance sheet strength can combine to transform a steady producer into a high yield dividend story.