Grange Resources (GRR) Q2 2026 TU earnings summary

Executive summary

• Strong production and sales performance continued, with pellet sales up 4.5% sequentially to 580kt, despite a slight decrease in concentrate production due to lower weight recovery.

• Safety focus remained high, with one Lost Time Injury recorded and ongoing risk management improvements.

• Project development strategies are being optimized to reduce funding needs amid global market uncertainties.

Financial highlights

• Average realized sales price decreased 12.2% quarter-over-quarter to US$114.32/t (A$160.30/t).

• Unit cash operating cost rose to A$157.69/t from A$136.56/t in the previous quarter, mainly due to higher fuel and energy prices and lower concentrate output.

• Cash and liquid investments stood at A$267.90 million, down from A$284.13 million in the previous quarter.

Outlook and guidance

• Ongoing optimization of project development to reduce funding requirements while preserving long-term shareholder value.

• Continued focus on safety, operational efficiency, and cost management in response to volatile market conditions.