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Mineral Resources Limited (ASX:MIN)

ALERT: Price-sensitive ASX Announcement for MIN
Current share price for MIN : $60.050 5.96 (11.02%)+
Announcement
Release
20 Feb 2026 8:30AM
Price at Release
$54.090
Full Release
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Summary
Mineral Resources Limited (MinRes) has announced its financial results for the first half of the fiscal year 2026, reflecting record revenue and earnings. The company reported an EBITDA of $1.2 billion on a revenue of $3.1 billion, driven by strong operational performance from its Onslow Iron and lithium operations. MinRes achieved significant cash flow and reduced net debt by $471 million. The company's strategic partnership with POSCO Holdings is expected to further strengthen its balance sheet. Onslow Iron reached its nameplate capacity, contributing significantly to the company's financial success, alongside improved performance from the Mining Services division. The company remains focused on delivering its FY26 guidance, optimizing assets, and maintaining a robust balance sheet.
Key Points
  • Record earnings with EBITDA of $1.2 billion and revenue of $3.1 billion.
  • Onslow Iron achieved nameplate capacity of 35Mtpa.
  • Net debt reduced by $471 million.
  • POSCO Holdings partnership expected to bring $1.1 billion, strengthening the balance sheet.
  • Mining Services division achieved record production and EBITDA.
  • Focus remains on delivering FY26 guidance and optimizing assets.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.