Key points
- Record Revenue: $6.5B, up 44% y-o-y
- Record Underlying EBITDA: $2.6B, up 183% y-o-y
- Underlying NPAT: $0.8B, up 831% y-o-y
- Reinstated Dividends: Fully franked final dividend of $0.83
- Strong balance sheet with net debt reduced by $1.1B
Full summary
Mineral Resources Ltd (MinRes) presented its FY26 full-year results, showcasing a significant improvement across all key performance metrics. The company reported a record revenue of $6.5 billion, up 44% year-on-year (y-o-y), driven by increased volumes and higher commodity prices. Underlying EBITDA reached a record $2.6 billion, up 183% y-o-y, reflecting strong operational performance. Underlying net profit after tax (NPAT) was $0.8 billion, up 831% y-o-y. The company also reinstated dividends, paying a fully franked final dividend of $0.83 per share. MinRes maintained a strong balance sheet with net debt reduced by $1.1 billion, and a net debt to underlying EBITDA ratio of 1.7x. The company's diversified portfolio, including Mining Services, Iron Ore, and Lithium segments, contributed to the robust financial performance.
Guidance
FY27 Revenue: $7.5B - $8.5B, Underlying EBITDA: $2.8B - $3.2B, Underlying NPAT: $0.9B - $1.1B
Outlook
MinRes anticipates continued growth in FY27, with a focus on expanding mining services, executing lithium brownfield projects, and pursuing growth opportunities. The company expects to achieve FY27 guidance safely and maintain a disciplined financial management approach.