OM Holdings Profits Slump as Margins Compress Despite Higher Volumes

An update from OM Holdings Ltd. ( (AU:OMH) ) is now available.

OM Holdings has reported a sharp earnings slowdown for the year to 31 December 2025, as weaker average selling prices squeezed margins despite higher sales volumes. Revenue dipped 3% to US$636.3 million while gross margin fell from 17.3% to 9.8%, driving profit after tax attributable to shareholders down 75% to US$2.3 million and EBITDA down to US$50.7 million from US$76.0 million.

The group’s balance sheet remained relatively stable, with borrowings trimmed to US$213.1 million and gearing marginally lower at 0.50 times, though cash balances dropped significantly to US$23.9 million and operations consumed US$17.8 million of cash. Net asset backing per share edged up to 55.25 US cents, suggesting underlying asset strength even as weaker pricing and profitability weigh on short‑term returns for investors and other stakeholders.

The most recent analyst rating on (AU:OMH) stock is a Hold with a A$0.32 price target. To see the full list of analyst forecasts on OM Holdings Ltd. stock, see the AU:OMH Stock Forecast page.

More about OM Holdings Ltd.

OM Holdings Limited is a vertically integrated manganese and ferrosilicon producer with operations spanning alloy smelting and ore production. Listed on the ASX, the group sells alloys, ores and related products into global steel and specialty metals markets, with production and marketing activities concentrated in Asia and other key industrial regions.

Average Trading Volume: 101,858

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$206.4M

For an in-depth examination of OMH stock, go to TipRanks’ Overview page.