Fortuna Q2 FY26 adjusted EBITDA falls 8.2% to USD 200.8 million; sales rise 38% to USD 318.4 million
FSM•Q2 results and profitability
Fortuna Mining posted Q2 attributable net income from continuing operations of USD 75.5 million, up 77% from a year earlier, on sales of USD 318.4 million.
Adjusted EBITDA (non-IFRS) rose 51% to USD 200.8 million, while the EBITDA margin widened 5 percentage points to 63%.
Cash flow, costs and capital returns
Free cash flow from ongoing operations (non-IFRS) climbed 49% to USD 85.7 million, while net cash provided by operating activities increased 49% to USD 138.3 million.
Consolidated AISC per gold equivalent ounce increased 12% to USD 2,157; management said Q2 is expected to be the year’s peak AISC, trending down in H2.
Fortuna returned USD 82.1 million via share buybacks in the quarter, while advancing Diamba Sud and approving the Séguéla plant expansion targeting 60% production growth to over 500,000 ounces per year.
