Highlights

• DRP price for the 30-cent final dividend set at AU$22.06 per share.
• FY26 underlying NPAT reached AU$1.8 billion on 1.5Moz of gold sold.
• NST shares were up 4.20% at AU$22.85.

Northern Star Resources Ltd (ASX: NST) has updated its dividend notice on 21 September 2026 to confirm the price for shares issued under its Dividend Reinvestment Plan (DRP). The company also released its September 2026 corporate presentation, which outlines its FY26 results and growth plans.

DRP Price Confirmed

Shares under the DRP will be issued at AU$22.06 each, with no discount applied. The price is the average of the daily volume-weighted average prices over five trading days, from 11 to 17 September 2026. The FY26 final dividend is 30 cents per share, fully franked. Key dates are:

• Ex-date: 9 September 2026
• Record date: 10 September 2026
• Payment and DRP share issue date: 15 October 2026

Shareholders who did not elect to join the DRP will receive the dividend in cash.

Strong FY26 Financials

Northern Star reported underlying EBITDA of AU$4.3 billion and underlying NPAT of AU$1.8 billion for FY26. Underlying earnings per share rose 5% to AU$1.24, and return on capital employed improved to 13.4%.

Total dividends for the year came to 55 cents per share. The company also bought back AU$129 million of shares under its AU$500 million buy-back. In total, more than AU$0.9 billion was returned to shareholders in FY26. The balance sheet holds net cash of AU$0.38 billion and total liquidity of AU$3.0 billion.

FY27 Guidance and Growth Projects

For FY27, Northern Star expects to sell 1,500–1,650koz of gold at an AISC of AU$3,050–3,450/oz. At KCGM, commissioning of the expanded 27Mtpa mill continues through October. The expansion is expected to cost AU$1.75–1.81 billion, above the initial estimate of AU$1.53 billion.

The Hemi project holds 13.2Moz of Mineral Resources and 5.5Moz of Ore Reserves. A final investment decision is targeted for late FY27, subject to permitting. Group Mineral Resources stand at 88.9Moz, with Ore Reserves of 28.4Moz supporting more than 10 years of production.NST shares were trading at AU$22.85, up AU$0.92 (4.20%), on 23 September 2026.

Note- All data presented is based on information available at the time of writing.

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