Bathurst Resources Reports Solid Q1 FY26 Performance

Bathurst Resources Limited (ASX: BRL) reported a consolidated EBITDA of NZ$5.2 million for the September 2025 quarter, in line with forecasts, and reaffirmed its full-year FY26 guidance of NZ$35–NZ$45 million. The company ended the quarter with a robust consolidated cash balance of NZ$155 million, including restricted short-term deposits—an increase of NZ$16 million from the prior year.

Operational highlights included continued progress at the Buller Plateaux Continuation Project in New Zealand and the updated Feasibility Study for the Tenas Project in Canada, which reaffirmed the project’s strong economic potential. Despite a NZ$3.4 million year-on-year EBITDA decline due to weaker export earnings and reduced South Island sales, Bathurst achieved higher coal production in its North Island operations and signed a new two-year supply agreement with Genesis Energy for the Huntly Power Station. The company remains well positioned with multiple long-term growth initiatives underway across its key projects.

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