AUS
NZ
UK
CA
USA
IND
_08_15_2025_09_25_42_552561.png)
Highlights
- Gross profit of AIS surged 347% YoY in H1 FY25 to AUD 59.6 million, while net profit after tax swung to AUD 29.6 million from a loss of AUD 18.8 million a year earlier.
- Mineral resources totalled 48.9Mt with significant copper, gold, zinc, and silver content; ore reserves stood at 14.1Mt.
- FY26 guidance targets 40–49kt copper equivalent production, supported by the Constellation project at Tritton, due to commence mining in 2026.
- Capital investment of up to AUD 150 million planned.
Aeris Resources Limited (ASX:AIS) is an Australian mid-tier miner focused on copper, gold, zinc, and silver. Its key assets include Tritton Copper in New South Wales, Cracow Gold in Queensland, Jaguar Zinc-Copper in Western Australia, and the Stockman Copper-Zinc development in Victoria.
In the first half of the financial year 2025 (H1 FY25), the company posted a gross profit of AUD 59.6 million, compared with AUD 13.3 million in the prior corresponding period, reflecting an increase of 347%. During the reported period, EBITDA rose to AUD 80.8 million from AUD 34.5 million in the previous corresponding period, while net profit after tax reached AUD 29.6 million, a turnaround from a loss of AUD 18.8 million in H1 FY24.
The period saw revenue growth, improved cash flow, and stable debt levels, with production in line with guidance. Net assets reached AUD 302 million, up 11% from the previous half year, and cash holdings increased to AUD 26.4 million, while debt remained at AUD 40 million. In H1 FY25, the company continued to allocate funds toward exploration and development projects, including the Constellation drilling program and the Budgerygar paste fill plant.
Business Update
Through an ASX update dated 1 August 2025, the company announced that it had executed an unsecured Australian Dollar gold hedges with Macquarie Bank Limited, covering 19,998 ounces at a forward price of AUD 5,145.75 per ounce, maturing between August 2025 and June 2026, representing about half of the FY26 gold production target at Cracow.
As at 31 December 2024, Aeris reported group mineral resources of 48.9Mt containing 784kt copper, 1.36Moz gold, 1.05Mt zinc, and 36.6Moz silver, with ore reserves of 14.1Mt containing 249kt copper, 398koz gold, 413kt zinc, and 11.8Moz silver, with changes from the prior year reflecting mining depletion, updated geological models, policy revisions, and additions from drilling at Constellation and Cracow.
Company Outlook
In FY26, the company targets copper equivalent production of 40–49 kilotonnes, supported by performance at the Tritton and Cracow mines. A key growth driver will be the Constellation project at Tritton, expected to commence mining operations around 2026, providing high-grade open-pit feed to enhance output and extend mine life.
The company plans sustaining capital expenditure of AUD 57–70 million and growth capital of AUD 65–80 million, aimed at supporting production growth and advancing project development.
Portfolio optimisation is underway through the planned divestment of North Queensland assets, allowing a focus on core operations. Exploration programs at Tritton and Cracow are being expanded to extend mine life and grow resources, while gold hedging arrangements have been implemented to stabilise revenue for FY26.
Share performance of AIS
AIS shares fell 2.44% to close at AUD 0.200 per share on 13 August 2025. In one year, AIS share price has jumped 14.29%, with a 29.03% rise over six months and a 17.65% gain over three months. It has also advanced 2.56% over both the past week and month. The 52-week high for AIS is AUD 0.263, recorded on 23 October 2024, while the 52-week low is AUD 0.135, reached on 3 February 2025.
Support and Resistance Summary
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 13 August 2025. The reference data in this report has been partly sourced from EODHD/Others.
Technical Indicators Defined:
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.
Disclaimer
This article has been prepared by Kalkine Media, echoed on the website kalkinemedia.com/au and associated pages, based on the information obtained and collated from the subscription reports prepared by Kalkine Pty. Ltd. [ABN 34 154 808 312; AFSL no. 425376] on Kalkine.com.au (and associated pages). The principal purpose of the content is to provide factual information only for educational purposes. None of the content in this article, including any news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations, and video is or is intended to be, advisory in nature. The content does not contain or imply any recommendation or opinion intended to influence your financial decisions, including but not limited to, in respect of any particular security, transaction, or investment strategy, and must not be relied upon by you as such. The content is provided without any express or implied warranties of any kind. Kalkine Media, and its related bodies corporate, agents, and employees (Kalkine Group) cannot and do not warrant the accuracy, completeness, timeliness, merchantability, or fitness for a particular purpose of the content or the website, and to the extent permitted by law, Kalkine Group hereby disclaims any and all such express or implied warranties. Kalkine Group shall NOT be held liable for any investment or trading losses you may incur by using the information shared on our website.
