Key points
- Revenue increased by 38.76% to $204.73 million
- Profit after tax from continuing operations surged by 96.24% to $103.91 million
- No dividend proposed for the half-year
- Significant investments in associates and joint ventures
Full summary
Metals X Ltd has released its half-yearly financial report for the period ended 30 June 2026, showcasing substantial growth in revenue and profit. The company reported a 38.76% increase in revenue to $204.73 million, driven by higher tin prices and increased production. Profit after tax from continuing operations rose by 96.24% to $103.91 million. The company did not propose any dividend for the half-year. Investments in associates and joint ventures were significant, with notable contributions from Stellar Resources, Elementos, and Tanami Gold. The Renison Tin Operation saw improved safety performance and increased tin production, reflecting higher ore grades and improved operational efficiency.
Guidance
Revenue for FY2026 expected to exceed $400 million, profit after tax above $200 million
Outlook
Metals X Ltd anticipates continued growth driven by higher tin prices and operational efficiencies, with ongoing exploration and development projects expected to contribute positively.