Mineral Resources
MIN.ASXMaterials
Mining services
Market Data
$73.470
+0.0%$14.5B
36.4x
$2.018
0.00%
+0.6%
Latest Earnings
FY26 Half Year Results Announcement
20 February 2026
Mineral Resources delivered record first half results with underlying EBITDA of $1.2B (+286%) on revenue of $3.1B (+33%), driven by Onslow Iron achieving nameplate capacity of 35Mtpa and strong Mining Services performance. The company generated $293M in free cash flow and reduced net debt by $471M, with the POSCO deal expected to provide US$765M proceeds in H2 to accelerate deleveraging toward the 2.0x net debt target. Key points: Record underlying EBITDA of $1.2B (+286%) and revenue of $3.1B (+33%); Onslow Iron achieved and sustained 35Mtpa nameplate capacity since August 2025; Strong free cash flow generation of $293M and net debt reduction of $471M
Recent Announcements
FY26 Half Year Results Presentation
Mineral Resources delivered a standout half-year with record revenue of $3.1B (+33% pcp) and underlying EBITDA of $1.2B (+286% pcp), driven by Onslow Iron achieving nameplate capacity and Mining Services excellence. The company significantly strengthened its balance sheet with net debt reduced by $0.5B and secured a strategic POSCO partnership to unlock $1.1B+ in capital. Key points: Record revenue $3.1B (+33%) and underlying EBITDA $1.2B (+286%) driven by operational excellence; Onslow Iron achieved nameplate capacity of 35Mtpa with strong $52/t FOB cost performance; Mining Services delivered record $488M EBITDA (+29%) with new contract wins and renewals
FY26 Half Year Results Announcement
Mineral Resources delivered record first half results with underlying EBITDA of $1.2B (+286%) on revenue of $3.1B (+33%), driven by Onslow Iron achieving nameplate capacity of 35Mtpa and strong Mining Services performance. The company generated $293M in free cash flow and reduced net debt by $471M, with the POSCO deal expected to provide US$765M proceeds in H2 to accelerate deleveraging toward the 2.0x net debt target. Key points: Record underlying EBITDA of $1.2B (+286%) and revenue of $3.1B (+33%); Onslow Iron achieved and sustained 35Mtpa nameplate capacity since August 2025; Strong free cash flow generation of $293M and net debt reduction of $471M
FY26 Half Year Financial Report and Appendix 4D
Mineral Resources Limited delivered exceptionally strong half-year results with revenue up 33% to $3,052M and profit surging 161% to $495M, driven by Onslow Iron achieving nameplate capacity and improved commodity prices. The company maintained a strong liquidity position of $1,438M and reaffirmed FY26 guidance across all divisions. However, no interim dividend was declared as the board focuses on balance sheet strengthening. Key points: Revenue increased 33% to $3,052M with underlying EBITDA up 286% to $1,167M; Onslow Iron achieved nameplate capacity of 35Mtpa in August 2025 and delivered $519M underlying EBITDA; Mining Services delivered record underlying EBITDA of $488M, up 29% on prior period
Earnings Release - 20 February 2026
Upcoming earnings release expected 20 February 2026 (from Yahoo Finance (confirmed))
FY25 Full Year Results Presentation
Mineral Resources Limited (MinRes) announced FY25 full-year results showing $4.5 billion in revenue and $0.9 billion underlying EBITDA, with strong mining services earnings of $737 million (up 34% year-on-year) driven by Onslow Iron ramp-up, offset by weaker commodity prices in iron ore and lithium segments. The company reported a $112 million underlying loss (vs. $158 million profit in FY24) and recognized $632 million in post-tax impairment charges, while unlocking $1.9 billion in capital from Onslow Iron haul road and gas asset sales.
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