Greatland Resources Reports A$862 Million Profit for First Full Year of Ownership at Telfer
Greatland Resources (ASX:GGP, AIM:GGP) reported a net profit after tax of A$862 million in the year ending June 30, 2026. This marked its first full financial year owning the Telfer gold-copper operation following an acquisition in December 2024. The strong performance was driven by increased production and higher metal prices. Revenue surged to A$2.26 billion (+136%), with EBITDA rising 186% to A$1.33 billion, while free cash flow jumped 413% to A$737 million. The company sold over 326,000 ounces of gold and nearly 15,000 tonnes of copper at favorable prices. Telfer produced record levels of both metals with improved efficiency metrics. Meanwhile, the Havieron project is entering construction after a feasibility study outlined long-term production targets.
