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BC8

Black Cat Syndicate

Materials

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

short percentage4.58%
reported shorts33.4M
shares on issue728.980M

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+4

Black 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)
$0.12 (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

BC8 income, newest period first, figures in AUD
Line itemFY26FY25FY24FY23
Revenue$374.3M$37.3M$69.0Kn/a
Gross profit$215.8M$6.6M$69.0Kn/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$0.12 (source: Derived: trailing 12 months at year end)−$0.046−$0.013−$0.020
EPS diluted$0.12 (source: Derived: trailing 12 months at year end)−$0.046−$0.013−$0.020
Shares728.9M707.5M377.9M266.9M
  • Derived: trailing 12 months at year end