Mount Gibson Iron Ltd FY2026 Financial Results
Key points
- Revenue from ordinary activities decreased by 37% to $220.8 million
- Profit before tax increased by 58% to a loss of $29.8 million
- Net profit after tax increased by 63% to a loss of $30.2 million
- No dividend declared for the financial year
- Net tangible assets decreased to $422.8 million
Full summary
Mount Gibson Iron Ltd (MGX) reported its financial results for the year ended 30 June 2026. The company, which changed its name to MGX Resources Limited effective 4 December 2025, saw a 37% decrease in revenue from ordinary activities to $220.8 million. The profit before tax increased by 58% to a loss of $29.8 million, while the net profit after tax increased by 63% to a loss of $30.2 million. No dividend was declared for the financial year. The company's net tangible assets decreased to $422.8 million. The company also acquired a 100% interest in MGX (Tanami) Pty Ltd, contributing A$0.3 million to the Group's loss for the financial year.
Guidance
Revenue decreased by 37%, profit before tax increased by 58%, net profit after tax increased by 63%
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