Evolution posted a half-year statutory net profit after tax of A$101 million, up $10 million year-on-year, and an underlying NPAT of $103 million, up 3%.
EBITDA increased by 13% to $446 million at a margin of 39%, driven by high margins at Cowal in New South Wales and Ernest Henry in Queensland.
Mine operating cashflow was $477 million, up from $396 million, while net mine cashflow was $86 million after $302 million of investment in major growth projects.
Evolution executive chairman Jake Klein said it had always been the company's strategy to prosper through the cycle.
"The recipe is working," he said.
The company declared an interim fully franked dividend of 2c per share, its 20th consecutive dividend.
Cash at December 31 was $313 million with liquidity of $838 million.
Guidance for FY23 was maintained at 720,000 ounces at all-in sustaining costs of $1240 an ounce, weighted to the current half.
CEO Lawrie Conway said cost inflation appeared to be stabilising.
The company also reported its annual resources and reserves with gold resources up 2% to 30.3 million ounces and copper resources up 22% to 322,000t, driven by a 36% increase in copper resources and 37% increase in gold resources at Ernest Henry.
Reserves stood at 10Moz of gold and 661,000t of copper, down 4% and up 3%, respectively.
Evolution shares were down 3.3% to $2.93, a two-month low.
