Key points
- Record Q2 2026 shipments of 1.8 million WMT, up 7% on Q2 2025
- Net loss after tax of $20.4 million for the half-year
- Revenue from contracts with customers decreased by 31.9% to $98.7 million
- Average blended FOB and CIF sales price per tonne shipped of A$52
- No dividends declared or paid during the financial period
Full summary
Metro Mining Ltd's half-year report for the period ended 30 June 2026 shows a net loss after tax of $20.4 million, compared to a profit of $119.8 million in the prior corresponding period. The company achieved record shipments of 1.8 million WMT in Q2 2026, up 7% from Q2 2025. Revenue decreased by 31.9% to $98.7 million due to lower pricing in a softer bauxite market. The company recorded an average blended FOB and CIF sales price per tonne shipped of A$52. The financial performance was impacted by general inflationary pressures and overseas supply disruptions. No dividends were declared or paid during the financial period.
Outlook
The Group expects bauxite market conditions to improve over the remainder of the year, supported by growing aluminium demand and constraints on global supply.