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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Develop Global
Develop Global (DVP) investor relations material
Develop Global H2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2026 earnings summary28 Sep, 2026
Executive summary
Achieved significant growth across core mining assets and mining services, with Woodlawn transitioning to steady-state production and record output in June 2026.
Final Investment Decisions (FID) approved for Yitirrti copper-silver-zinc and Pioneer Dome lithium projects, both now under construction.
Secured a US$400m financing and offtake package with Trafigura, supporting project development and providing future deal flow opportunities.
Mining Services division delivered record external revenue of $227m, with major new contracts at Waihi (NZ) and BP33 (NT).
Financial highlights
Group revenue rose to $388.5m (2025: $231.5m), driven by $161.6m in Woodlawn concentrate sales and $226.9m in Mining Services revenue.
Pre-tax profit was $13.5m (2025: loss of $4.8m); net profit after tax was $9.1m (2025: $72.8m, which included a large deferred tax benefit).
Operating cash flow increased to $50.0m (2025: $12.6m); cash at year-end was $114.8m (2025: $54.6m).
Total assets reached $972m, with net assets of $673m.
No dividends declared.
Outlook and guidance
Woodlawn expected to deliver increasing cash flow as recoveries and efficiencies improve.
Yitirrti on track for first concentrate production in June 2028; Pioneer Dome DSO sales targeted for December 2026.
Mining Services division maintains a strong pipeline and is positioned for further growth.
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Latest events from Develop Global
- Rapid project execution and cash flow growth set the stage for a major value-driven expansion.DVP
Resources Rising Stars Gold Coast Conference - Record revenue, project milestones, and major funding drive strong growth outlook.DVPQ4 2026
- Record production and strong margins achieved, with rapid mine development and robust outlook.DVPQ3 2026
- Strong revenue growth and a return to profit, underpinned by project ramp-up and capital raises.DVPH2 2025
- Woodlawn restart fully funded, Mining Services revenue up 117%, FY24 loss narrowed to $12m.DVPH2 2024
- Revenue and profit surged on Woodlawn ramp-up and mining services growth; cash reserves strengthened.DVPH1 2026
- Record revenue, project ramp-ups, and major contracts drive strong quarterly results.DVPQ2 2026 TU
- Revenue up 72% to $113m, net profit $1.17m, Woodlawn restart and financing secured.DVPH1 2025
- Woodlawn and Sulphur Springs projects advance, with strong cashflow and major contract wins.DVPQ1 2026 TU
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