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Metals X Limited (ASX:MLX)

ALERT: Price-sensitive ASX Announcement for MLX
Current share price for MLX : $1.370 -0.065 (-4.53%)+
Announcement
Release
27 Feb 2026 8:28AM
Price at Release
$1.435
Full Release
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Summary
Metals X Limited's Appendix 4E and Annual Financial Report for the year ended 31 December 2025, highlights a robust financial performance with a 30% increase in revenue from continuing activities, reaching $284.99 million. The company reported a net profit after tax attributable to members of $104.61 million, slightly up by 2.20% from the previous year. Despite no dividends being declared, the financial position remains strong with net tangible assets per share increasing to $0.60. The company's primary asset, the 50% interest in the Bluestone Mines Tasmania Joint Venture, continues to provide significant returns, with the Renison Tin Mine producing 10,748 tonnes of tin-in-concentrate. Metals X concluded the year with a cash balance of $293.61 million and no corporate debt, reinforcing its capacity for future growth and capital management. Audited financial statements provide further details of the company's operations and financial health.
Key Points
  • Revenue from continuing activities increased by 30% to $284.99 million.
  • Net profit after tax attributed to members was $104.61 million, a 2.20% increase.
  • No dividends were declared or paid during the reporting period.
  • Net tangible assets per share rose to $0.60 from $0.48.
  • Renison Tin Mine produced 10,748 tonnes of tin-in-concentrate.
  • Ended the year with a cash balance of $293.61 million and no corporate debt.
  • Strong operating and financial performance primarily from the Bluestone Mines Tasmania Joint Venture.
  • Increased revenue was driven by higher tin prices and improved recovery.
  • The financial position enables full funding capacity for growth and capital management.
  • The report was audited and provided to the ASX as required.
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.