DRDGOLD FY2026 20-F: Profit Up 90% to R4.26B, Reserves Rise 7%, FY2027 Output Guided to 160-170koz
DRD sits 23% above its 52-week low of $19.47.
Summary
DRDGOLD's FY2026 20-F shows profit nearly doubled to R4.26 billion on record gold prices, reserves grew 7% to 6.24 Moz, and FY2027 production is guided to 160,000-170,000 ounces.
Key Events · Earnings and Guidance · DRD
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FY2026 Profit Nearly Doubles to R4.26B
Profit for the year rose 90% to R4,255.5 million from R2,242.7 million, driven by a 50% increase in the average gold price received to $4,238/oz and a 42% revenue jump to R11,159.0 million.
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Mineral Reserves Up 7% to 6.24 Moz
Total Mineral Reserves increased from 5.85 Moz to 6.24 Moz, mainly due to the Kloof 2 TSF transfer adding 0.52 Moz and extending FWGR's life-of-mine from 16 to 20 years.
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FY2027 Guidance: 160-170koz at ~R1.1M/kg
Company plans FY2027 gold production of 160,000-170,000 ounces at a cash operating unit cost of approximately R1,099,000 per kilogram, with ~R3 billion in growth capital expenditure.
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Debt-Free Balance Sheet with R2.77B Cash
Cash and cash equivalents rose to R2,770.0 million from R1,306.2 million. The R681 million GBF and R1 billion RCF with Nedbank both remain undrawn as of June 30, 2026.
Analysis · DRD · Energy & Transportation
The audited FY2026 annual report confirms a record year, driven by a 50% surge in the average gold price to $4,238/oz. Profit for the year nearly doubled to R4.26 billion, operating cash flow jumped to R5.68 billion, and the balance sheet remains debt-free with R2.77 billion in cash. The filing also quantifies the Kloof 2 TSF transfer, which added 0.52 Moz to reserves and extended FWGR's life-of-mine from 16 to 20 years. FY2027 guidance of 160,000-170,000 ounces at a cash operating cost of ~R1,099,000/kg signals continued growth, though the company flags regulatory delays on the Withok TSF and RTSF as key risks to hitting those targets.
How filings like this one have moved
In the 30 days to Oct 2, 2026, 29.9% of the 1656 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DRD was trading at $24.02 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $2.1B. The 52-week trading range was $19.47 to $39.37. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.