06:17 AM EDT, 08/28/2025 (MT Newswires) -- Westgold Resources ( WGXRF ) late on Wednesday reported a drop in earnings per share in fiscal 2025 despite a 90% increase in revenue.

Earnings per share was $3.85, declining from $20.11. Revenue was $1.36 billion, an increase from $716 million. Adjusted EBITDA also rose to $498 million from $271 million.

Gold sales amounted to 308,979 ounces, rising from 227,691 ounces.

Separately, the company declared a final dividend of $0.03 for fiscal 2025. The total dividend of $28.3 million represents a dividend payout ratio of 78% and will be paid out on Oct. 10.

The Westgold board has elected to update and enhance the company's dividend policy to increase the minimum dividend per share from $0.01 to $0.02. The required minimum net cash balance was also increased from $100 million to $150 million after the payment of any dividend.

The board also approved an on-market share buyback program of up to 5% of its ordinary shares over the next 12 months.

Under the share buyback program, the company proposes to acquire up to 47.2 million Westgold shares. The number of shares purchased is subject to prevailing share prices and market conditions.