Aeris Resources posts strong FY25 profit, revenues up 7%

Aeris Resources Limited (ASX:AIS) reported a robust financial turnaround for FY25, achieving a net profit after tax of A$45.2m, a significant improvement from the A$24.258m loss in FY24. This was supported by a 7% increase in revenue to A$577.1m and a 68% rise in Adjusted EBITDA to A$179.6m. Operating cash flow also saw a substantial increase of 109% to A$130.9m, contributing to a 17% increase in net assets to A$317.8m.

The company completed refinancing activities, executing a three-year A$60.0m Guarantee Facility with Washington H. Soul Pattinson (WHSP) and extending the A$50.0m Term Facility to 31 August 2026. This strategic move strengthens the balance sheet, with cash and receivables improving to A$49.5m. Operationally, Tritton Copper Operations produced 19,398 tonnes of copper, while Cracow Gold Operations yielded 45,126 ounces of gold.

Exploration efforts at Constellation resulted in a 24% increase in contained copper metal and a 29% increase in gold metal compared to August 2022 estimates, totaling 153,000 tonnes of copper metal and 161,000 ounces of gold metal. The company also disclosed that A$433.8m in available tax losses would be used to offset future income tax.