Northern Star Resources sits in the Rivkin ASX Starter Pack. The gold miner released its FY26 full year results on Thursday 20 August 2026, covering the twelve months to 30 June 2026.
Revenue came in at A$7.6 billion, up 19% on FY25, driven almost entirely by price rather than volume. Northern Star sold 1.54 million ounces of gold, down 6% year on year, at an average realised price of A$4,925 an ounce, up 26%. Underlying net profit rose 26% to A$1.79 billion and statutory NPAT rose 24% to A$1.66 billion. Underlying earnings per share reached A$1.24, up 5%, with the gap between profit growth and per-share growth reflecting a larger share count. Underlying EBITDA was A$4.27 billion, up 22%.
Costs moved the other way. All-in sustaining cost landed at A$2,698 an ounce, up 25%, and cost of sales rose 15% to A$4.7 billion. Free cash flow fell 56% to A$627.7 million as capital spending on the KCGM mill expansion peaked. The board declared a final dividend of 30 cents fully franked, taking the full year to 55 cents, and continued a A$500 million on-market buyback, of which A$129 million has been completed.
| Metric | Actual (FY26) | Comparison |
| Revenue | A$7.6bn | +19% on FY25 |
| Underlying NPAT | A$1.79bn | +26% on FY25 |
| Underlying EPS | A$1.24 | +5% on FY25 |
| Gold sold | 1.54Moz | -6% on FY25 |
| AISC | A$2,698/oz | +25% on FY25 |
| Full year dividend | 55c fully franked | Final 30c fully franked |
Consensus figures for the result were not publicly disclosed, so the comparisons above run against the prior year.
For FY27, Northern Star guided to group gold sales of 1.50 to 1.65 million ounces at an AISC of A$3,050 to A$3,450 an ounce, with KCGM contributing 550,000 to 650,000 ounces during its commissioning phase. Capital expenditure is guided at A$2.55 billion to A$2.94 billion, including A$350 million to A$470 million on the KCGM mill expansion. The September quarter is forecast at roughly 350,000 ounces sold.
Deputy CEO Ryan Gurner told the earnings call that “FY 2027 will be a transition year from peak investment to operational execution.” Managing Director Stuart Tonkin pointed to the balance sheet, saying the company has “returned $3.3 billion of cumulative capital management to shareholders to date.”
NST closed at A$23.94 on the day, up 6.21%.
