Macro Metals (M4M) H2 2026 earnings summary

Executive summary

• Transitioned from exploration to operating mining services, with revenue invoiced every quarter and significant contract wins, including a multi-year framework agreement with a Tier-1 iron ore producer and a place on Main Roads WA’s civil services panel.

• Acquired a 27.3% equity interest in the Extension Iron Ore Project and established new gold mining and processing divisions.

• Achieved ISO 9001, ISO 14001, and ISO 45001 certifications across all operating companies.

• Commenced divestment of Nigerian interests to focus on Western Australian projects.

Financial highlights

• Statutory revenue: $1,718,699 (FY25: $14,050), marking the first year of material mining services revenue.

• Loss after income tax: $(3,737,939), a 40% reduction from FY25’s $(6,890,173).

• EBITDA: $(3,605,330), basic and diluted loss per share: $(0.001) (FY25: $(0.002)).

• Cash at 30 June 2026: $537,934 (2025: $1,289,285); net current assets: $771,137.

• Shares on issue: 4,575,630,643 (2025: 3,978,417,528).

Outlook and guidance

• FY27 focus on scaling delivery under awarded agreements, advancing development projects, and broadening the client base.

• Objectives include converting BHP and Metal Logic agreements into sustained pipelines, securing new contracts, and progressing gold and construction materials projects.

• Intends to fund development from contracted services revenue, reducing reliance on equity issuance.