Mineral Resources Limited (MIN.AX,MALRY), an Australian miner, on Friday reported a net income for the first half, due to lesser impairment charges and increased revenue, helped by improved revenue from Iron Ore segment.
For the six-month period to December 31, 2025, the company reported a net profit of A$493 million, or 250.1 cents per share, compared with a loss of A$824 million, or 410.4 cents per share, in the same period last year.
Earnings before taxation were A$798 million as against a loss of A$1.154 billion last year. Profit from operations was A$1.031 billion, compared with a loss of A$972 million in the prior year. Impairment charges dropped to negative A$64 million from last year's negative A$503 million. Other income surged to A$462 million from A$58 million a year ago.
As of December 31, 2025, net tangible assets per security were A$21.13, higher than A$18.67 on June 30, 2025. Revenue was A$3.052 billion, up from A$2.290 billion in the previous year. Revenue from Iron Ore segment increased to A$1.872 billion from A$1.108 billion a year ago.
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