Northern Star Resources Limited (OTCPK:NESRF) Q4 2025 Earnings Conference Call August 20, 2025 7:00 PM ET
Company Participants
Ryan P. Gurner – Chief Financial Officer
Stuart Peter Tonkin – CEO, MD & Director
Conference Call Participants
Daniel Morgan – Barrenjoey Markets Pty Limited, Research Division
Kate McCutcheon – Citigroup Inc., Research Division
Matthew Frydman – MST Financial Services Pty Limited, Research Division
Mitch Ryan – Jefferies LLC, Research Division
Operator
Thank you for standing by, and welcome to the Northern Star FY ’25 Financial Results. [Operator Instructions]
I would now like to hand the conference over to Mr. Stuart Tonkin, Managing Director and CEO. Please go ahead, sir.
Stuart Peter Tonkin
Thank you, and good morning, and thanks for joining us to discuss our FY ’25 financial results today. We’ll be referring to the presentation as published on the ASX this morning. And with me on the call is our Chief Financial Officer, Ryan Gurner.
The company has delivered another record-breaking financial performance on the back of a dedicated team effort in a favorable gold price environment. For FY ’25, we reported record group underlying free cash flow of $536 million, which equates to $328 per ounce, which demonstrates the value of our profitable growth path we have been on for the past 4 years to delivering sustaining superior returns for shareholders.
What is very clear is that the FY ’25 results again just demonstrates the strength and value creation that we are embedding in our business. EBITDA and the ROCE metrics have shown consistent improvement over the last 3 years, while our investment-grade balance sheet remains strong and in a substantial net cash position, notwithstanding the capital investment in growth projects such as the Fimiston mill expansion at KCGM.
True to our company purpose of delivering superior returns to
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