Grange Resources Ltd Half-Year Financial Results
Key points
- Revenue increased by 12% to $230,788,000
- Significant non-cash impairment of $552.3 million
- Statutory loss after tax of $541,845,000
- Net tangible asset backing per share dropped to $0.49
- No interim dividend declared
Full summary
Grange Resources Ltd announced its half-year financial results for the period ending June 30, 2026. The company reported a 12% increase in revenue to $230,788,000, up from $206,426,000 in the previous corresponding period. However, the company incurred a significant non-cash impairment of $552.3 million, primarily due to revised life-of-mine assumptions and lower iron ore prices. This resulted in a statutory loss after tax of $541,845,000, compared to a profit of $13,767,000 in the previous period. The net tangible asset backing per share decreased from $0.93 to $0.49. No interim dividend was declared.
Guidance
Statutory loss after tax of $541,845,000 for the half-year ending June 2026
Outlook
The company expects lower iron ore prices and revised mining strategies to continue impacting financial performance in the near term.
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