Genesis Minerals (ASX:GMD) reported June quarter unaudited net profit after tax of between AU$85 million to AU$95 million, taking its net profit for the full fiscal year to between AU$210 million to AU$230 million, according to a Thursday Australian bourse filing.

The company reported June quarter gold sales of 62,226 ounces at an average price of AU$5,046 per ounce, generating revenue of AU$314 million.

June quarterly gold production was 61,469 ounces at an all-in sustaining cost (AISC) of AU$2,499 per ounce, with a total fiscal year production of 214,311 ounces at an AISC of AU$2,398 per ounce, above its guidance of up to 190,000 to 210,000 gold ounces while meeting its AISC guidance of between AU$2,200 per ounce to AU$2,400 per ounce.

Closing ore stockpiles, awaiting processing, increased to 65,887 ounces at 1.6 grams per tonne grade of gold, compared with 42,476 ounces at 1.4g/t gold at March 31.

The company reported bank debt of AU$100 million with net cash of AU$186.9 million as at June 30.

The company said it will release updated fiscal year 2026 production and cost guidance expectedly in the September quarter.

Cash and equivalents were of AU$286.9 million at June 30, compared to AU$348.4 million at March 31, representing a cash build of AU$125.5 million before the AU$250 million acquisition of Laverton Gold, AU$100 million debt drawdown, and AU$37 million investment in growth and exploration.

The company's shares fell 1% in recent Thursday trade.