Solidcore Resources plc's net profit under IFRS for the first half of 2026 was $453 million compared to $85 million a year earlier. Year—on-year growth is 5 times. This is stated in the company's message.
Adjusted net income was $465 million versus $101 million. Revenue increased to $972 million from $325 million due to the recovery of concentrate processing by third-party companies and, consequently, increased sales volumes, as well as higher gold prices.
In absolute terms, operating expenses increased by 38% to $353 million, mainly due to an increase in the mining tax rate, internal inflation, the strengthening of the tenge and an increase in the number of employees.
Adjusted EBITDA was $641 million versus $152 million.
Solidcore Resources plc (formerly Polymetal International plc) is a gold producer in Kazakhstan and combines two production assets in the country.
Solidcore Resources plc's net profit for 2025 increased by 24% to $662 million from $533 million a year earlier. Revenue increased by 13% to $1.5 billion. Adjusted EBITDA increased by 37% to $972 million.
