• Total revenue of $263.4 million, up 10% from prior year
• Underlying EBITDA of $250.1 million, up 10% with 95% margin
• Fully franked final dividend of 13.0 cents per share, 75% of NPAT

Deterra Royalties Limited (ASX: DRR) has reported its financial results for the full year ended 30 June 2025 (FY25). The company recorded total revenue of $263.4 million, an increase of 10% from the prior year. This was driven by record production at the Mining Area C (MAC) royalty, which delivered a $20.0 million capacity payment, as well as $21.5 million in revenue from the gold offtake contracts acquired through the Trident portfolio. Underlying EBITDA increased by 10% to $250.1 million, maintaining a high margin of 95%. Net profit after tax was $155.7 million, up 1% from the prior year. The company's balance sheet remains strong, with net debt of $271 million and gearing of 10% at 30 June 2025. The Board has declared a fully franked final dividend of 13.0 cents per share, representing a 75% payout ratio of NPAT. This brings the total FY25 dividend to 22.0 cents per share, fully franked. Deterra also made significant progress at the Thacker Pass lithium project in Nevada, USA, with an updated technical report supporting an expansion plan targeting 160,000tpa lithium carbonate equivalent over an 85-year mine life, and the announcement of a Final Investment Decision for Phase 1 construction, which is now underway.

Deterra expects to maintain a dividend payout ratio of 75% of net profit after tax going forward.

Deterra's balance sheet provides flexibility to support sustainable shareholder returns as well as the ability to pursue shareholder value creation through disciplined investment. The company will continue to evaluate value realisation opportunities for non-core assets as part of its capital allocation strategy.