Shares of AngloGold Ashanti PLC (NYSE: AU) closed lower on Friday following the release of fourth-quarter and full-year 2025 earnings results, as investors digested detailed financials and metrics from the miner’s annual earnings release. As of the latest close, AU stock was trading at about $107.63, down around 0.66% on the day. The company’s market capitalization stood near $54.3 billion at the close of trading.
Q4 2025 Results
For the quarter ended December 31, 2025, AngloGold Ashanti reported revenue of approximately $3.02 billion. Basic earnings attributable to equity shareholders were $855 million for Q4 2025, or 168 US cents per share, up from $470 million, or 103 US cents per share in Q4 2024. Headline earnings and various cash flow measures reflected year-on-year increases driven by higher realized gold prices and production volumes. An interim dividend of $875 million, or 173 US cents per share, was declared for the quarter.
Full Year 2025 Results
For the full year ended December 31, 2025, AngloGold Ashanti posted total revenue and reported headline earnings of $2.725 billion, compared with $954 million in 2024. This represents a near-tripling of annual profit year-over-year. Gold production for the year was 3.1 million ounces, up 16% from the prior year. Record free cash flow for 2025 was $2.9 billion, and adjusted EBITDA reached $6.3 billion, more than double the prior year. Total dividends declared for 2025 reached $1.8 billion.
Business Update
The company reported payments to host governments totaling $2.66 billion in 2025 encompassing direct and indirect taxes, royalties, profit share arrangements, and employee taxes; more than double the amount paid in 2024. Management noted progress on the Arthur Gold Project pre-feasibility study with a declared first-time mineral reserve of 4.9 million ounces supporting an initial nine-year mine life at an estimated initial capital expenditure of $3.6 billion.
Operational Review
Operational data showed that group total gold production for 2025 rose 16% to 3.1 million ounces, reflecting the first full-year contribution of the Sukari mine in Egypt and improved performance at core assets. Managed operations, including the Geita and Obuasi mines, maintained production levels consistent with annual guidance. All-in sustaining costs (AISC) for managed operations rose 5% to $1,751 per ounce. Total cash costs per ounce rose modestly, aligned with inflation and higher royalty costs, while all-in sustaining costs (AISC) saw a comparable increase. Capital expenditure for the year was $1.6 billion, including $1.141 billion in sustaining capital and $459 million in non-sustaining capital.
Equity Analyst Commentary
Institutional coverage has noted the company’s earnings and production performance in the context of higher gold prices and integration of acquisitions. Research referenced by market data providers highlights the sizeable year-over-year improvement in headline earnings and expanded free cash flow generation, with gold production growth cited as a principal factor in financial results.
Guidance & Outlook
AngloGold Ashanti’s earnings materials included updated 2026 production guidance, with expected gold output ranging between 2.80 million and 3.17 million ounces, reflecting continued operational delivery. The company also flagged projected cost ranges for cash costs and AISC, higher than 2025, driven by royalty and inflationary pressures. Investors were directed to monitor delivery against these ranges and progress on capital projects, particularly Arthur.
Performance Summary
AU stock closed lower on Friday, reversing earlier gains. Full-year 2025 profit nearly tripled, with gold production up 16% and record free cash flow reported. Operating costs and capital expenditure increased as expected in line with portfolio expansion. Updated production guidance frames 2026 outcomes from current operations.
The post AngloGold Ashanti PLC shares Retreat After Q4 and 2025 Results first appeared on AlphaStreet News.
