
Black Cat Syndicate
Black Cat Syndicate is a Western Australian gold producer focused on high-grade gold resources. The company has a growing portfolio of projects, including the Paulsens Gold Operation and the Coyote Gold Operation, positioning itself as a significant player in the Australian gold mining industry.
Short position
Black Cat Syndicate (ASX:BC8) has 4.58% of its shares on issue reported as short positions as of 5 Oct 2026, or about 33,407,004 shares. Over the past 30 days that figure has risen 1.01 percentage points, and over 90 days it has fallen 0.43 percentage points. Its highest recorded short interest was 5.09% in July 2026. BC8 is classified in the Materials industry. All figures come from official ASIC short position reports, published with a four trading-day (T+4) delay.
Price & short interest
Toggle series, zoom, and compare · ASIC daily, T+4Black Cat Syndicate (BC8) financials
Results, ratios and statements
Latest result
Year to 30 Jun 2026 (FY26) vs FY25, figures in AUD, the reporting currency
- Revenue
- $374.3Mvs $37.3M (FY25)
- Yahoo Finance, as at 29 Sep 2026
- NPAT
- $86.5Mvs −$25.9M (FY25)
- Yahoo Finance, as at 29 Sep 2026
- EPS (diluted)
- $0.12T (source: Derived: trailing 12 months at year end)vs −$0.046 (FY25)
- Derived: trailing 12 months at year end, as at 29 Sep 2026
- Rev YoY
- n/mFY
- EPS YoY
- n/aTTM
EPS: prior loss, now profit (growth is not meaningful against a loss).
- Derived: trailing 12 months at year end
Summary of 2026 Annual Report, 30 Sep 2026
Black Cat Syndicate's FY2026 annual report shows a record turnaround, with revenue surging tenfold to ~$374m and net profit after tax reaching ~$86m, reversing a $26m loss in FY2025. Gold production more than doubled to 90,833oz, and operating cash flow hit ~$225m, with the company remaining debt-free and unhedged. No dividend was declared, and management's focus is on optimising operations at Paulsens and Kal East, advancing exploration, and progressing growth projects like Coyote and Mt Clement.
Automated summary of the filing; the filing itself is the record.
Key ratios
Year to 30 Jun 2026 (FY); balance sheet at 30 Jun 2026; prices to 9 Oct 2026
- Gross margin
- 57.7%
- Operating margin
- 34.2%
- Net margin
- 23.1%
- FCF margin
- 17.3%
- ROE
- 27.2%
- ROA
- 19.5%
- FCF conversion
- 0.75×
- Net cash (excl. leases)
- $73.7M
- Net debt / EBITDA
- −0.4×
- Current ratio
- 1.5×
- Interest cover
- 40.3×
- Cash dividends paid / net profit
- n/a
- Market cap
- $524.8M
- P/E
- 6.1×
- P/B
- 1.4×
Ratios use the reporting currency (AUD); market cap is in AUD. Source: Yahoo Finance, as at 29 Sep 2026.
Financial statements
Figures in AUD, the reporting currency; Yahoo Finance unless marked
| Line item | FY26 | FY25 | FY24 | FY23 |
|---|---|---|---|---|
| Revenue | $374.3M | $37.3M | $69.0K | n/a |
| Gross profit | $215.8M | $6.6M | $69.0K | n/a |
| Operating income | $128.0M | −$24.3M | −$6.0M | −$5.6M |
| EBITDA | $183.9M | −$2.4M | −$1.3M | −$4.5M |
| EBIT | $120.8M | −$22.1M | −$1.3M | −$4.6M |
| Interest expense | $3.2M | $3.8M | $2.5M | $156.3K |
| Pretax income | $117.6M | −$25.9M | −$3.8M | −$4.8M |
| Tax | $31.1M | $0 | $0 | $0 |
| NPAT | $86.5M | −$25.9M | −$3.8M | −$4.8M |
| Net interest income | −$1.8M | −$2.3M | −$2.4M | $26.3K |
| EPS basic | $0.12T (source: Derived: trailing 12 months at year end) | −$0.046 | −$0.013 | −$0.020 |
| EPS diluted | $0.12T (source: Derived: trailing 12 months at year end) | −$0.046 | −$0.013 | −$0.020 |
| Shares | 728.9M | 707.5M | 377.9M | 266.9M |
- Derived: trailing 12 months at year end
Financial reports
The company's own filings, newest first
- 2026 Annual ReportAnnual Report30 Sep 2026via asx_announcements
- Appendix 4E and Annual Financial StatementsAnnual Results31 Aug 2026via asx_announcements
- FY26 Financial ResultsFinancial Report31 Aug 2026via asx_announcements
- Quarterly Activities ReportQuarterly Report30 Jul 2026via asx_announcements
- Quarterly Activities Report and Appendix 5BQuarterly Report23 Apr 2026via asx_announcements
- Half-Year Consolidated Financial ReportHalf Year Results26 Feb 2026via asx_announcements
- Quarterly Activities Report and Appendix 5BQuarterly Report29 Jan 2026via asx_announcements
- 17 Nov 2025 – Investor Presentation- November 2025Financial Report31 Dec 2025via crawler
- 24 July 2025 – Noosa Mining Conference PresentationFinancial Report31 Dec 2025via crawler
- 06 Aug 2025 – Diggers and Dealers Mining Forum PresentationFinancial Report31 Dec 2025via crawler
Showing 10 of 30 reports