Yesterday, Argonaut participated in the Kent Street CoRE Resources Challenge, a hands-on STEM initiative designed to help students connect classroom learning with real-world careers in the resources sector.
Alongside Jenny Dalrymple, Senior Resource Geologist at IGO, and Roslyn O’Sullivan, Regional Exploration Superintendent at Bellevue Gold, we supported the event as volunteer judges. Nearly 100 Year 5 students from Kensington Primary School and Collier Primary School took part, guided by their Year 10 mentors from Kent Street who acted as their ‘Mine Managers’.
In their teams, the students designed and built mini mines, complete with working pulley conveyors, ore processing plants, lighting, ventilation, and safety signage. Once construction was complete, they processed their ore by crushing, sifting, and using metal detectors to reveal the resources they had uncovered. Their teamwork was outstanding, and selecting a winner was not easy.
CoRE Learning Foundation is one of Argonaut’s charity partners and plays an important role in linking STEM education with industry, community, and government to help develop the future workforce for Australia’s resources industry. We are proud to contribute to programs that spark curiosity and broaden students’ awareness of the career pathways available to them within the mining sector.
A special thank you to Jacobi Herringer from CoRE Learning and the teachers at Kent Street Senior High School for the invitation to this engaging and meaningful event.
Our Vice Chairman, Private Clients, Kevin Johnson, joined Oliver Peterson in the 6PR studios this week for a wide-ranging conversation on the recent state of the markets, investor sentiment, and the current economic forces shaping financial decision-making.
The conversation also touched on lithium, company valuations, and the way short political cycles affect economic planning. Kevin also answered listener questions on timing exits, understanding market caps, and what to watch for in upcoming quarterly reports.
It was great to welcome members of the University of Western Australia’s Student Managed Investment Fund (SMIF) Natural Resources Teams to Argonaut this week, as they pitched Iluka Resources (ASX: ILU) and Beach Energy (ASX: BPT), to our staff.
The UWA SMIF gives finance students the opportunity to manage a live equity fund, build practical investing experience, and gain exposure to industry professionals. Their mission is to bridge the gap between academic learning and real-world finance.
At Argonaut, initiatives like this align closely with our commitment to developing the next generation of talent in the resources and investment sectors. Engaging with future leaders through programs such as SMIF strengthens the connection between education and industry and helps ensure our sector continues to thrive.
A big thank you to the UWA SMIF teams for an impressive and insightful session.
Argonaut was proud to support the inaugural Develop Golden Saddle slot race held on 4 October 2025, a new $1 million highlight of the Kalgoorlie racing calendar. Inspired by the Goldfields’ rich prospecting heritage, the Golden Saddle celebrates the spirit of the early pioneers who arrived on horseback and returned home with gold in their saddles.
Together with Bill Beament, Managing Director of DEVELOP, our Chairman Edward Rigg helped bring this vision to life, supported by the WA Government, Racing and Wagering WA, and the Kalgoorlie-Boulder Racing Club.
The inaugural race was made even more memorable by the victory of Magnificent Andy, owned by respected Kalgoorlie figure David Reed. The connection is particularly meaningful for Argonaut, with Eddie having worked under David’s guidance at Eyres Reed before founding Argonaut in 2002.
Argonaut’s support for this event reflects our commitment to the Goldfields region, an area integral to Western Australia’s resources sector and home to many of our valued clients. We are proud to back an initiative that honours the region’s heritage and strengthens its ongoing contribution to the State’s economic landscape.
A special thanks to WA Premier, Hon Roger Cook, and Minister for Racing and Gaming, Hon Paul Papalia, whose early backing helped turn this idea into reality. Congratulations to everyone involved!
It was a pleasure to host 18 prospective interns at Argonaut HQ last week for our Internship Open Day, designed to give students an inside look at what it’s like to work at Argonaut and the kinds of projects our interns contribute to from day one.
Our Vice Chairman Liam Twigger, shared his career journey from professional soccer player to investment banker, offering candid insights into what success can look like in WA’s finance industry and the unique advantages of working in a private firm with direct access to the global metals and mining sector.
Attendees also heard from Associate Director Bryce Denysiuk, who gave a ‘day in the life’ overview of corporate finance and broke down how a major M&A transaction unfolds from start to finish. The morning wrapped with a group case study and a networking session for students to connect with our team and each other.
Thank you to HR Manager Anna Smith for organising the event, and to Alex Ridley, Pia Donovan, Dominic Noonan, and Harrison Shepherd for sharing their time and experience with the next generation of finance professionals.
We are excited to announce that Argonaut HQ as officially moved into Level 16, 9 The Esplanade, Perth WA 6000
This move reflects not only our growth as a business but also our commitment to providing exceptional service to our clients. The new office offers a modern, flexible space designed to foster collaboration and innovation.
All other contact details including our PO Box, phone numbers, and emails addresses remain unchanged. For more information or to connect with your Argonaut representative, please get in touch. We look forward to welcoming you to our new space.
Argonaut is pleased to announce record Revenue and Profit after Income Tax of $64.7 million and $15.5 million respectively for the financial year ended 30 June 2025 (FY25).
The exceptional financial and operational results were achieved across the full-service Argonaut platform.
Equity Capital Markets (ECM) activity remained robust, with $1.7 billion raised for clients, alongside several milestone M&A transactions. Brokerage revenues lifted significantly (up 60% year-on-year) and the corporate finance division achieved a 41% increase in attributable fees. Argonaut’s Funds Management division delivered strong outperformance relative to respective benchmarks with the Global Gold Fund up 51.2% and the Natural Resources Fund returning +14.7% net of fees. Finally, the firm’s ongoing commitment to market leading, institutional research resulted in the coverage universe increasing to a combined market capitalisation of $175 billion by year end.
These record results reflect the strength of Argonaut’s differentiated business model, talent-led growth strategy and the continued successful outcomes achieved alongside clients amid supportive market conditions.
A summary of the 2025 financial results are as follows:
1. The FY24 result was impacted by the unwinding of previously recognised unrealised gains on the investment portfolio
Commenting on the FY25 results, Executive Chairman, Head of ECM & Principal Investments Eddie Rigg said:
“FY25 was a breakout year for Argonaut. While many firms are focused on wealth management, we are dedicated to wealth creation through the execution of high-quality transactions. We are proud of our lean, high-performing team that consistently delivers outcomes benefiting both our corporate and investing clients. Our repeat business is a testament to the trust we’ve built and the success we continue to share with our clients.”
Chief Executive Officer and Head of Corporate Finance Greg Southee added:
“FY25 showcased what’s possible with a focused strategy and an exceptional team. Our people are the engine of Argonaut’s success and this year’s results reflect their ability to consistently deliver value to our clients across all divisions of our business. Our key hires, refreshed branding and new office premises highlight the continuing strategy of firm-wide investment to further strengthen our operating platform for clients and staff alike.”
In FY25, Argonaut made strategic investments in talent including the senior appointment of Digby Gilmour as Managing Director, Head of Institutional Sales and Anthony Bayne as Managing Director M&A, Corporate Finance.
The firm unveiled a refreshed brand and website in September 2025, marking a new chapter in its growth journey. Argonaut also recently relocated to its new Greenstar 6-certified headquarters at Level 16, 9 The Esplanade, Elizabeth Quay, a state-of-the-art facility designed to support future expansion.
Argonaut’s strategic 27% investment in Salubris Australia Limited, treated as an associate under IFRS, continues to progress. Salubris acquired its second carbon regeneration project during FY25 and is actively advancing additional opportunities, including biodiversity initiatives in FY26. Salubris is seeking to be the largest independent generator of Australian Carbon Credit Units (ACCUs) in Western Australia.
Argonaut continues to support the communities in which it operates, with multi-year commitments to Miners’ Promise and the CoRE Foundation, reflecting its values and long-term vision.
“As our business has grown, so has our capacity to give back meaningfully to the regional and mining areas that we serve,” added Rigg.“I am proud that our contributions have had a tangible positive impact to local communities through our Social Impact program and staff charitable giving which has seen more than 40 individual organisations supported this year.”
YEAR-TO-DATE PERFORMANCE & OUTLOOK
Argonaut’s financial performance in Q1 FY26 has been very strong and is ahead of both budget and the group financial performance at the same period last year. Revenue for Q1 is estimated at $22 million.
Corporate Finance activity continues to drive group financial performance with approximately $730 million raised for clients year to date and a strong and growing transaction pipeline. In addition, agency brokerage and Argonaut’s Fund Management portfolio performance are operating at record levels.
Argonaut’s outlook for FY26 remains strongly positive based on the transaction pipeline and market activity and conditions.
The performance was an incredible way to showcase what Miners’ Promise is truly about, providing compassion, care and connection for families in times of crisis, while also supporting the workplace communities impacted by sudden loss.
Congratulations to the Miners’ Promise and ACT teams on bringing such an innovative and moving event to life.
As a proud Principal Partner of Miners’ Promise, Argonaut is privileged to support a charity making such a tangible difference across Australia. We encourage our industry peers to learn more, donate, or consider becoming a partner at www.minerspromise.org.au
Our team, Hayden Bairstow, Chris Wippl, and Damian Rooney joined industry leaders, global institutions, and more than 50 ASX-listed gold companies to discuss the sector’s outlook and opportunities. With over 100 institutions and hedge funds represented, both conferences provided valuable platforms to engage with investors and corporates alike.
At Mining Forum Americas, Argonaut’s role extended beyond attendance. As partners of the event, Hayden and Chris moderated 14 ASX gold company presentations, while Hayden also led a main stage fireside chat with Stuart Tonkin, CEO of Northern Star Resources. Chris also addressed delegates at the Argonaut welcome drinks, where he reflected on our long-standing involvement in the conference since 2016, and incredible opportunities US investment can bring.
The discussions highlighted a strong backdrop for the gold sector, including renewed investor inflows, increased M&A activity, and reinforced Australia’s position as a safe and attractive investment destination. Importantly, they also showcased the strength of Argonaut’s research capability, which continues to be recognised as the leading coverage of ASX gold companies.
These conferences continue to be highly valuable forums for Argonaut by providing not only meaningful market insights but also the opportunity to demonstrate the value we deliver through trusted advice, deep sector knowledge, and enduring client and investor relationships.
We are proud to unveil a new era for Argonaut with the launch of our refreshed logo and brand identity. This milestone reflects more than two decades of growth as a business and is a testament to the trust our clients place in us to deliver results.
We are still the Argonaut you know, but with a sharper look designed for the future. Watch our new brand come to life in the video below.
Over the coming weeks, you’ll notice our updated branding across our communications, documents, and online platforms. While our look has evolved, our commitment to exceptional outcomes, integrity, and long-term relationships remains unchanged.
A special thank you to the teams at The Imageniers and Lenox Hill for their creativity and partnership in shaping our new identity, a brand that honours our 23-year heritage while capturing the ambition and expertise that define Argonaut today.
