• Total revenue of $112.3 million, 6% decrease from H1 2024
• Underlying EBITDA of $105.9 million at a margin of 94%
• Declared fully franked interim dividend of 9.0 cents per share

Deterra Royalties Limited (ASX: DRR) reported its financial results for the half-year ended 31 December 2024 (1H25). Total revenue for the period was $112.3 million, a 6% decrease from the prior comparative period (1H24: $119 million), as record Mining Area C (MAC) sales volumes and new revenue sources from the Trident acquisition were offset by lower iron ore pricing. Underlying EBITDA was $105.9 million at a margin of 94%. Net profit after tax was $63.9 million. The company declared a fully franked interim dividend of 9.0 cents per share, representing a payout ratio of 74.5% of net profit after tax. The key drivers of Deterra's performance included record sales volumes from the MAC iron ore mine, new revenue sources from the Trident acquisition, and progress on the Thacker Pass lithium project. Deterra continues to execute its strategy of providing shareholders with lower risk exposure to mining activity through value-accretive investments in resource projects.

Deterra expects to pay a minimum of 50% of net profit after tax as ordinary dividends in each six-month period, with the potential for higher payout ratios based on factors such as net debt levels, balance sheet liquidity, and investment opportunities.

Deterra remains focused on executing its strategy of building a diversified portfolio of royalty assets across a range of commodities and stages of the mine lifecycle, with the aim of providing shareholders with lower risk exposure to mining activity.