Red Hill Minerals (RHI) H2 2026 earnings summary

Executive summary

• Achieved record royalty income of $28.8 million from the Onslow Iron Project, which reached nameplate capacity, supported by strong iron ore prices.

• Net profit after tax rose to $20.06 million, up from $9.13 million in FY2025, with total income of $31.56 million.

• Maintained a robust cash balance of $62.77 million, enabling ongoing exploration and potential royalty portfolio expansion.

• Paid fully franked dividends totaling $11.6 million (18.1 cents per share) during FY2026, with a final dividend of 10.8 cents per share declared for payment post year-end.

• Earned a 75% interest in the Curnamona Joint Venture after meeting the $6.5 million exploration spend requirement.

Financial highlights

• Royalty income: $28.76 million (FY2025: $11.88 million).

• Interest income: $2.63 million (FY2025: $4.01 million).

• Net profit after tax: $20.06 million (FY2025: $9.13 million).

• Earnings per share: 31.27 cents (FY2025: 14.24 cents).

• Cash balance at 30 June 2026: $62.77 million (FY2025: $64.52 million).

• Net assets: $95.31 million (FY2025: $86.52 million).

• Total assets: $106.78 million (FY2025: $98.75 million).

• Dividends paid: $11.62 million (FY2025: $117.35 million, including special dividends).

• Exploration and evaluation spend: $7.26 million (FY2025: $6.56 million).

Outlook and guidance

• Plans to continue systematic exploration in the West Pilbara and Curnamona regions, targeting Tier 1 gold and base metal discoveries.

• Ongoing evaluation of new royalty acquisition opportunities to expand the portfolio.

• Dividend policy remains at 50% of Onslow Iron Project royalty receipts, with flexibility for future adjustments.