MGX.ASX: FY2026 Appendix 4E and Statutory Financials

FY2026 Appendix 4E and Statutory Financials

Stock	MGX Resources Ltd (MGX.ASX)
Release Time	21 Aug 2026, 7:45 a.m.
Price Sensitive	Yes

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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%