• Disposal of precious metals assets delivering ~45% of the consideration paid for Trident with a ~28% pre-tax IRR
• Strong NPAT of $164m up 5%, delivering 10.8cps final fully franked dividend
• Strong balance sheet with $132m net debt, $357m undrawn debt capacity
• Thacker Pass targeting mechanical completion in CY2027, ramping up to full Phase 1 production capacity in CY2028
• Derisking with US$1.2b drawn on US$2.2b US DOE loan and US Government equity rights

Deterra Royalties Ltd announced its FY26 financial results, highlighting a disposal of precious metals assets that delivered ~45% of the consideration paid for Trident with a ~28% pre-tax IRR. The company reported a strong NPAT of $164m, up 5% from the previous year, and delivered a 10.8cps final fully franked dividend. Deterra maintained a strong balance sheet with $132m net debt and $357m undrawn debt capacity. The company is on track to achieve mechanical completion of the Thacker Pass project in CY2027, with plans to ramp up to full Phase 1 production capacity in CY2028. Deterra has also derisked its position with US$1.2b drawn on a US$2.2b US Department of Energy loan and US Government equity rights.