Oceania

Mineral Resources Reinstates Dividend as Underlying Profit Jumps 831%

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Courtroom-sketch editorial illustration of a yellow underground ore truck emerging from a shadowed mine portal in a rocky Western Australian landscape, rendered in warm ochre and slate-blue pastel strokes.

Mineral Resources reported FY26 revenue of A$6.5 billion, up 44%, while underlying net profit rose 831% to A$822 million. The Australian mining group declared a fully franked A$0.83-per-share dividend after paying none for FY25, with payment due on September 30. Underlying EBITDA climbed 183% to A$2.6 billion, supported by Mining Services growth, the Onslow Iron ramp-up and improved lithium performance and prices. Net debt fell A$1.1 billion to A$4.3 billion, reducing the net-debt-to-underlying-EBITDA ratio from 5.9 times to 1.7 times.

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