AngloGold Ashanti reported FY 2025 revenue from product sales of USD 9.89bn (+71%) and Q4 2025 revenue from product sales of USD 3.07bn (+75%), supported by a higher average gold price received of USD 3,468/oz in FY 2025 (+45%) and USD 4,171/oz in Q4 (+57%). FY 2025 profit attributable to equity shareholders was USD 2.64bn (+163%), while headline earnings were USD 2.73bn (+186%); Q4 profit attributable to equity shareholders was USD 855m (+82%) and headline earnings were USD 967m (+139%). Adjusted EBITDA rose to USD 6.29bn in FY 2025 (+129%) and USD 2.18bn in Q4 (+146%). Net cash inflow from operating activities increased to USD 4.78bn in FY 2025 (+143%) and USD 1.62bn in Q4 (+135%), with free cash flow of USD 2.91bn in FY 2025 (tripled) and USD 1.05bn in Q4 (+248%). The group moved to an adjusted net cash position of USD 879m at 31 December 2025, versus adjusted net debt previously, and reported total liquidity of about USD 4.4bn including USD 2.9bn cash and cash equivalents. FY 2025 group gold production rose to 3.09Moz (+16%), with total cash costs of USD 1,242/oz (+7%) and AISC of USD 1,709/oz (+6%); Q4 production was 799koz (+7%), with total cash costs of USD 1,292/oz (+13%) and AISC of USD 1,805/oz (+10%). AngloGold declared a Q4 interim dividend of USD 875m (173 US cents per share), taking total dividends declared for 2025 to USD 1.8bn (357 US cents per share). Key updates included the continued integration of Sukari (500koz FY 2025 production contribution), completion of the sale of the Serra Grande mine in Brazil on 1 December 2025, and a first-time Mineral Reserve declaration at the Arthur Gold Project (Merlin) of 4.9Moz; the company also guided for 2026 group production of 2.80Moz–3.17Moz and total cash costs of USD 1,315/oz–USD 1,430/oz.

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