• Net loss after tax of $24 million
• Underlying mineral sands EBITDA of $41 million
• Operating cash flow of $247 million
• Interim dividend of 3 cents per share
• Revenue from mineral sands down 22.4% to $432.7 million

Iluka Resources Limited reported a net loss of $24 million for the half-year ended 30 June 2026, compared to a profit after tax of $92 million in the same period last year. Revenue from mineral sands decreased by 22.4% to $432.7 million, primarily due to lower realised prices across key products and the appreciation of the Australian dollar against the US dollar. Underlying Group EBITDA was $53 million, down from $233.2 million in the prior comparative period. The decline was primarily attributable to lower realised prices across key products, reflecting market conditions, and the appreciation of the AUD against the USD, which unfavorably impacted the Group's predominantly USD-denominated revenue. These impacts were partially offset by lower cash production costs resulting from the idling of Cataby and Capel operations, and the benefits of ongoing cost control initiatives, despite higher input costs arising from energy supply disruptions during the first half of 2026. Earnings further benefited from higher other income, primarily associated with land sales.

Iluka expects to report underlying Group EBITDA of $53 million for the half-year ended 30 June 2026.

Iluka anticipates market conditions to improve in the second half of the year, with potential recovery in Northern Hemisphere housing markets and changes in Chinese pigment production economics.