Grange Resources (GRR) investor relations material

Executive summary

• Revenue from operations was $477.9 million, down from $520.8 million year-over-year, with profit after tax at $46.6 million versus $58.5 million in 2024.

• Pellet production and total iron ore product sales declined to 2.21 million tonnes and 2.30 million tonnes, respectively, compared to the prior year.

• Average realised product price increased to A$189.44/t, but unit cash operating costs rose to $164.69/t.

• Net assets increased to $1,108.2 million, with cash and liquid investments at $275.15 million at year-end.

• No significant changes in the state of affairs or post-balance sheet events were reported.

Financial highlights

• Gross profit from operations was $64.8 million, down from $70.4 million year-over-year.

• Basic EPS was 4.03 cents, compared to 5.06 cents in 2024.

• Net cash inflow from operating activities was $132.5 million, down from $239.9 million.

• Dividends paid totaled $28.9 million.

• Inventories increased to $247.6 million, and mine properties and development rose to $574.5 million.

Outlook and guidance

• Underground financing for North Pit is expected in Q2 2026, with contract mining to commence in July 2026.

• Focus remains on productivity, cost control, and securing joint venture partners for the Southdown Magnetite Project.