Red Hill Minerals (RHI) Q4 2026 TU earnings summary

Executive summary

• Cash balance increased to $62.8m at quarter end, up from $59.1m in March 2026, reflecting strong royalty receipts and controlled expenditures.

• Royalty revenue for the June quarter was $7.7m from the Onslow Iron Project, totaling $28.8m for FY26, matching forecasts.

• Exploration activities advanced across multiple projects, including drilling at Anabama and RC drilling at West Pilbara targets.

Financial highlights

• Net cash from operating activities for the quarter was $5.1m, with $19.6m year-to-date.

• Cash and cash equivalents at quarter end were $62.8m.

• Exploration expenditure for the quarter was $1.5m.

• Income tax payments totaled $1.4m for the quarter.

• No new borrowings or equity raised; dividends paid year-to-date totaled $11.6m.

Outlook and guidance

• FY27 Onslow Iron Project production expected to exceed nameplate capacity of 35 Mtpa, supporting continued royalty income.

• Shipping costs impacting royalty calculations have risen due to Middle East conflict.

• Brightstar’s Sandstone Gold Project MRE upgrade and pre-feasibility study expected in H2 CY2026.

• Further drilling and assay results pending for West Pilbara targets, with ongoing geological modeling.