Allied Gold (TSX: AAUC) ended Q4 2025 with revenue of $427.8 million, up from $170.8 million a year earlier.
Yet attributable net losses widened to $23.6 million from $10.3 million last year as current income tax expense jumped to $99.5 million from $22.0 million and deferred tax expense rose to $25.9 million from $16.2 million. On an adjusted basis, net earnings reached $69.0 million, or $0.56 per share, up from $9.5 million. Adjusted EBITDA also increased to $204.6 million from $47.3 million.
Operating cash flow was $227.1 million versus $141.0 million from the earlier period. Cash and cash equivalents stood at $479.8 million at December 31, 2025, up from $225.0 million a year earlier.
On production, the firm said it produced a record 117,004 ounces in Q4, up from 99,632 ounces a year earlier. Full-year production rose to 379,081 ounces from 358,091 ounces and exceeded guidance of above 375,000 ounces.
Gold sales jumped to 113,446 ounces in Q4 from 64,769 ounces, while average revenue per ounce sold rose to $3,765 from $2,634, tied to average market price per ounce jumping to to $4,135 from $2,663.
On costs, total cost of sales per ounce sold increased to $1,942 in Q4 from $1,773 a year ago, cash costs rose to $1,830 from $1,589, but AISC edged down to $1,980 from $1,987.
The company expects 385,000 to 425,000 ounces from producing mines and 100,000 to 150,000 ounces from Kurmuk, for total guidance of 485,000 to 575,000 ounces. Projected 2026 cash costs are $1,550 to $1,680 and AISC is $1,750 to $1,900, based on a $4,250-per-ounce gold price assumption.
Separately, the company announced this morning that shareholders have approved of being acquired by Zijin Gold. The deal will see shareholders receive $44.00 per share in cash. The transaction is expected to close by the end of April.
Allied Gold last traded at $43.12 on the TSX.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
