Mineral Resources stock reports record FY26 results

Published on 10/07/2026 at 00:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mineral Resources stock carries a record FY26 backdrop after revenue reached AUD 6.5 billion and underlying EBITDA AUD 2.6 billion. The consensus target was AUD 66.01.

Mineral Resources, AU000000MIN4, Illustration mit AI erstellt.

Mineral Resources (ISIN AU000000MIN4) delivered record FY26 revenue of AUD 6.5 billion, up 44 percent year over year. Yahoo Finance reported the results from the company call on August 27, 2026, where underlying EBITDA reached a record AUD 2.6 billion, up 183 percent.

Revenue and EBITDA set records

The FY26 result changes the baseline for Mineral Resources because the increase was not limited to one operating line. Mining Services delivered 341 million tons of production and AUD 976 million of underlying EBITDA, up 32 percent from FY25, according to Mineral Resources on September 7, 2026.

Onslow Iron sustained a 35 million ton annualized capacity during FY26, while the wider mining services division exceeded upgraded production guidance. That combination matters because contracted services earnings can offset part of the commodity exposure affecting lithium and iron ore.

Balance sheet gains support returns

Underlying net profit after tax reached AUD 822 million in FY26, compared with a loss in FY25. Net debt fell by AUD 1.1 billion to AUD 4.3 billion, and net debt to underlying EBITDA declined from 5.9 times to 1.7 times, according to Yahoo Finance.

The board also declared a fully franked AUD 0.83 per share dividend, equal to a 20 percent payout of underlying FY26 profit. For investors, the key tension is clear: stronger cash generation has reduced leverage, while FY27 still requires AUD 1.27 billion of net capital expenditure guidance.

Consensus target stays above the quote

Markets Insider reported on October 1, 2026, that the consensus rating was Moderate Buy with an average price target of AUD 66.01. That target lies 28.27 percent above the AUD 51.46 price, placing the consensus view above the October 6, 2026 ASX quote.

Simply Wall St lists October 22, 2026 as the next reporting date. That checkpoint will test whether the FY26 earnings rebound is translating into the volume, cost and cash-flow targets set for FY27.

Mineral Resources stock was last at AUD 51.46

Mineral Resources stock was last at AUD 51.46 on the ASX on October 6, 2026 at 3:10 p.m. AEDT, up 2.45 percent on the session. The 52-week range was AUD 40.50 to AUD 74.94, and market capitalization was AUD 10.2 billion.