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Highlights
- Perseus Mining achieved FY25 revenue of USD 1,248.1 million, up 22% year-on-year, driven by higher realised gold prices and operational performance.
- Net profit in FY25 increased 16% YoY to USD 421.7 million.
- In FY26, the company expects gold output of 400,000-440,000 ounces.
Perseus Mining Limited (ASX:PRU), a multi-mine gold producer operating in West Africa, reported record revenue for the year ended 30 June 2025 (FY25). Revenue for FY25 reached USD 1,248.1 million, up 22% compared with USD 1,025.8 million in FY24. The increase was primarily driven by higher realised gold prices averaging USD 2,543 per ounce, operational improvements, and disciplined cost management across its Edikan, Sissingué, and Yaouré mines, despite a minor decline in total gold output.
Net profit for the period rose to USD 421.7 million, up 16% from USD 364.8 million in FY24. Operating cash flow increased by 25% to USD 536.7 million in FY25. EBITDA for FY25 recorded 18% YoY increase.
Corporate and Strategic Updates
Craig Jones was appointed Managing Director and CEO, effective 1 October 2025, succeeding Mr Jeff Quartermaine who retired after guiding the company through previous growth milestones. Mr Jones had served as CEO-Designate since 18 August 2025.
On 13 October 2025, the company announced that State Street Bank and Trust Company increased its holding in PRU to 7.48% as of 9 October 2025, up from 6.40%.
Outlook for FY26 and Beyond
For FY26, Perseus projects group gold output between 400,000 and 440,000 ounces while advancing underground development at Yaouré and development at Nyanzaga in Tanzania. Group all-in site costs are expected to range between USD 1,460 and USD 1,620 per ounce, supported by ongoing cost management initiatives.
The company intends to continue its AUD 100 million buyback and dividend payments while funding new project developments.
Share performance of PRU
PRU shares rose 0.15% to close at AUD 5.12 per share on 21 October 2025. Over the past year, PRU’s share price has gained 72.97%, with a nine-month increase of 86.86% and a six-month rise of 42.62%. It has advanced 39.51% over the past three months and 19.07% over the past month, while weekly performance shows a 3.02% gain. The 52-week high for Perseus Mining is AUD 5.28, recorded on 17 October 2025, while the 52-week low is AUD 2.45, reached on 14 November 2024.
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 21 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
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