Northern Star Resources Have Record Financial Performance in FY25
Northern Star Resources has reported a record-breaking year, supported by higher gold prices, disciplined investment, and strategic growth initiatives.
For the 2024–25 financial year (FY25), Northern Star generated underlying free cash flow of $536 million, a 16 per cent increase year-on-year. The company also delivered underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) of $3.5 billion and an underlying net profit after tax (NPAT) of $1.4 billion, or $1.19 per share.
Revenue climbed 30 per cent to $6.4 billion, reflecting a 29 per cent rise in the average realised gold price to $3922 per ounce.
Strong Shareholder Returns
Northern Star declared a fully franked final dividend of 30 cents per share. This lifted the FY25 payout to a record 55 cents per share.
In addition, the company completed a $300 million on-market share buy-back. Together, dividends and the buy-back returned more than $840 million to shareholders.
“The company has delivered another record-breaking financial performance on the back of a dedicated team effort in a favourable gold price environment,” Northern Star managing director Stuart Tonkin said.
Free Cashflow Growth and Operational Strength
“For FY25, we reported record Group underlying free cashflow of $536 million, or $328 per ounce, which underscores the value of the profitable growth path we have been on for the past four years to deliver sustaining long-term returns for shareholders.
“The FY25 result also demonstrates the strength and value-creation that we are embedding in our business. EBITDA and ROCE (return on capital employed) metrics have shown consistent improvement over the last three years, while our investment grade balance sheet remains strong and in a net cash position.”
Focus on Growth and the Hemi Project
Looking ahead, Northern Star will concentrate on maximising output across its three operating centres and advancing new growth projects.
The addition of De Grey Mining’s Hemi development project strengthens the company’s long-term production pipeline. Expansion works, including the KCGM mill upgrade, are also expected to support future margins and profitability.
“Our focus remains on unlocking the full value of our production centres and advancing the newly acquired Hemi project, which aligns with both our portfolio and purpose to responsibly deliver superior returns for shareholders,” Tonkin said.