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Highlights
- ALK reported FY25 revenue of AUD 262.36M, up 52% from FY24.
- The company has achieved record FY25 gold production of 70,120 ounces, up 23% YoY.
- ALK’s FY26 production guidance is set at 160,000–175,000 AuEq ounces from three fully owned mines.
Alkane Resources Ltd (ASX:ALK) is an ASX-listed company that produces gold and antimony, with three wholly owned mines located in Australia and Sweden. Its assets include the Tomingley Gold Project in New South Wales, the Costerfield underground mine in Victoria, and the Björkdal underground mine in northern Sweden.
Financial Performance
In financial year 2025 (FY25), the company reported revenue of AUD 262.36M, up 52% YoY from AUD 172.99M in FY24, supported by higher gold production of 70,120 ounces, a 23% increase from the previous year of 57,217 ounces. The growth was driven by the Tomingley Gold Extension Project, which improved gold recovery and extended mine life. Meanwhile, realised gold prices rose to AUD 3,770 per ounce. Profit after tax increased 87% YoY to AUD 33.04M in FY25 from AUD 17.677 in FY24, with Tomingley contributing a pre-tax profit of AUD 60.9M. The company-maintained cost discipline, recording an all-in sustaining cost of approximately AUD 2,561 per ounce.
In FY25, gross margin was 21.8%, below the industry median of 47.5% in FY25. Total expenses also increased, rising from AUD13.19 million in FY24 to AUD20.12 million in FY25.
Business Update
During the September quarter (1 July–30 September), the company produced 36,407 AuEq oz across Tomingley, Costerfield, and Björkdal mines, with statutory production post-Mandalay merger of 30,511 AuEq oz from Costerfield and Björkdal. At quarter-end, the company held AUD 191M of cash, bullion, and listed investments, following repayment of an AUD 45M debt facility and AUD 25M in one-off merger costs, while continuing exploration and development projects across its Australian and Swedish operations.
Business Outlook
For FY26, ALK expects production of 160,000–175,000 AuEq ounces from Tomingley, Costerfield, and Björkdal, with an AISC of AUD 2,600–2,900 per ounce. Statutory attributable production post-Mandalay merger is guided at 155,000–168,000 AuEq ounces.
The company is focusing on higher antimony grades at Costerfield and gold mining at Tomingley and Björkdal. Growth and exploration capital expenditure budget of AUD 81–91M is set.
Share Performance
On 15 October 2025, Alkane Resources traded at AUD 1.155 per share, down 2.12% intraday. The stock has gained 71.11% over the past three months, 49.03% over the last six months, and 131.00% over the past year. ALK recorded a 52-week high of AUD 1.225 on 14 October 2025 and a 52-week low of AUD 0.46 on 14 January 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 15 October 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.
