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Mineral Resources Limited ( (AU:MIN) ) has shared an announcement.
Mineral Resources Limited reported record first-half 2026 results, with revenue climbing 33% to $3.1 billion and underlying EBITDA surging 286% to $1.2 billion, underpinned by Onslow Iron running at its 35Mtpa nameplate capacity, improved lithium recoveries and record Mining Services earnings. The company generated $293 million in free cash flow after $587 million in capex, cut net debt by $471 million to $4.9 billion, and expects proceeds from a planned sale of a 30% stake in its lithium joint ventures to POSCO Holdings to accelerate deleveraging, while reaffirming FY26 guidance and highlighting ongoing board renewal, governance reforms and leadership succession planning that aim to strengthen its balance sheet and cement its position as a cost-competitive long-term producer.
The board flagged significant progress on governance priorities, including ending related-party transactions, refreshing cultural reviews and restructuring the executive team, as the Onslow Iron project delivered ahead-of-schedule milestones and robust cash generation. Combined with a recent bond refinancing at the lowest rate in the company’s history and a new capital allocation framework prioritising debt reduction, these moves are intended to support sustainable growth, reassure shareholders after a challenging period and frame upcoming strategic decisions on future expansion within tighter financial discipline.
The most recent analyst rating on (AU:MIN) stock is a Buy with a A$75.00 price target. To see the full list of analyst forecasts on Mineral Resources Limited stock, see the AU:MIN Stock Forecast page.
More about Mineral Resources Limited
Mineral Resources Limited is an Australian mining and mining services company focused on iron ore and lithium operations, alongside contract mining services. Its portfolio includes the Onslow Iron project and lithium assets such as Wodgina and Mt Marion, positioning the group as a significant low-cost producer in key bulk and battery commodity markets.
Average Trading Volume: 1,285,165
Technical Sentiment Signal: Buy
Current Market Cap: A$10.2B
For an in-depth examination of MIN stock, go to TipRanks’ Overview page.