Grange Resources (GRR) Q4 2025 TU earnings summary

Executive summary

• Achieved over 967 days without a Lost Time Injury, maintaining a strong safety record.

• Ended 2025 with strong production, meeting full-year targets for ore, concentrate, and pellets.

• Centre Pit delivered higher grade ore, supporting increased mill production and weight recovery.

Financial highlights

• Average realised sales price was A$193.04/t (US$127.13/t), down from A$203.72/t (US$133.44/t) in the previous quarter.

• Cash and liquid investments stood at A$275.15 million, up from A$272.76 million in the prior quarter.

• Trade receivables increased to A$38.62 million from A$23.14 million sequentially.

• Lower unit cash operating cost of A$140.57/t, compared to A$163.37/t in the September quarter.

• Capital expenditure for the quarter was approximately A$12.4 million.

Outlook and guidance

• Project financing for the North Pit Underground development is advancing, with technical due diligence underway.

• Southdown Magnetite Project continues to seek equity investors and maintains all tenements and approvals.