Macro Metals (M4M) H1 2026 earnings summary
Event summary combining transcript, slides, and related documents.
H1 2026 earnings summary
20 Mar, 2026Executive summary
Transitioned from pure exploration to integrated resource development and mining services, focusing on iron ore, copper, gold, and construction materials projects in Western Australia.
Advanced key projects and expanded operational capabilities, including majority Indigenous-owned businesses.
Acquired interests in the Extension Iron Ore Project and Derby East Construction Sands Project, strengthening project pipeline.
Financial highlights
Loss after tax for H1 FY26 was $2,236,599, a significant improvement from $4,554,831 in H1 FY25.
Revenue from mining services reached $238,698, reflecting the new business segment's growth.
Exploration expenditure reduced to $601,047 from $2,766,503 year-over-year.
Raised $3,000,000 from investors to support exploration and business development.
Cash and cash equivalents at period end were $1,962,905, with net assets of $8,442,498.
Outlook and guidance
Focus on advancing approvals and development for the Extension Iron Ore Project and expanding mining services contracts, especially in gold and construction materials.
Continued emphasis on disciplined execution, operational expansion, and securing new contracts for Indigenous-owned subsidiaries.
Latest events from Macro Metals
- Mining services scaled as Yandi South joined a WA-focused project pipeline.M4M
Q1 2027 - Three drill programs are planned through Q2 CY27, backed by mining-services cash flow.M4M
Investor presentation - First year of material mining services revenue, major contract wins, and reduced net loss.M4M
H2 2026 - Mining services revenue soared 184% in Q4, led by a major BHP contract and expanded project delivery.M4M
Q4 2026 TU - Net loss increased to $13.95 million, driven by a $11.73 million share-based payment expense.M4M
H2 2024 - Losses widened on higher exploration costs amid a shift to mining services and new capital raised.M4M
H1 2025 - $2M raised, major project milestones achieved, and cash position increased to $2.74M.M4M
Q1 2026 TU - Reduced loss, expanded mining services, and set clear growth priorities for FY26.M4M
H2 2025 - Mining services revenue and strategic partnerships drive rapid exploration and value creation.M4M
Investor Presentation