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Mineral Resources Limited
(Sydney:MIN)
Mineral Resources Limited (MIN) vs. iShares MSCI Australia ETF (EWA)
Mineral Resources Limited Business Overview & Revenue Model
Mineral Resources Limited Earnings Call Summary
Mineral Resources Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.47B | 4.47B | 5.28B | 4.78B | 3.42B | 3.73B |
| Gross Profit | 3.82B | 3.82B | 1.97B | 2.75B | 1.89B | 2.37B |
| EBITDA | 744.00M | 744.00M | 995.00M | 1.05B | 962.90M | 2.15B |
| Net Income | -904.00M | -904.00M | 125.00M | 243.30M | 349.20M | 1.27B |
Balance Sheet | ||||||
| Total Assets | 11.93B | 11.93B | 12.23B | 8.40B | 7.60B | 5.72B |
| Cash, Cash Equivalents and Short-Term Investments | 443.00M | 443.00M | 908.00M | 1.38B | 2.43B | 1.54B |
| Total Debt | 5.76B | 5.76B | 5.34B | 3.28B | 3.13B | 1.26B |
| Total Liabilities | 8.27B | 8.27B | 8.65B | 4.87B | 4.33B | 2.48B |
| Stockholders Equity | 3.23B | 3.23B | 3.54B | 3.48B | 3.23B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | -2.63B | -2.63B | -2.31B | -467.20M | -720.10M | 549.70M |
| Operating Cash Flow | -475.00M | -475.00M | 1.45B | 1.35B | 279.80M | 1.31B |
| Investing Cash Flow | -1.27B | -1.27B | -3.87B | -1.90B | -654.30M | -816.00M |
| Financing Cash Flow | 1.25B | 1.25B | 1.97B | -516.40M | 1.23B | -435.50M |
Mineral Resources Limited Technical Analysis
Mineral Resources Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | AU$2.08B | 13.35 | 151.89% | 5.29% | 6.54% | 0.48% | |
68 Neutral | $2.67B | 14.06 | 7.84% | 0.98% | -4.84% | -30.61% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | $12.23B | ― | -5.63% | ― | -38.69% | -174.12% | |
58 Neutral | $10.10B | ― | -26.55% | ― | -15.27% | -817.26% | |
56 Neutral | $5.31B | ― | -35.65% | ― | -37.23% | -32433.33% | |
52 Neutral | AU$3.26B | -13.11 | -7.26% | 5.41% | -2.30% | -234.27% |
Mineral Resources Limited Corporate Events
Mineral Resources Limited announced a change in the director’s interest, with Independent Non-Executive Director Ross Carroll acquiring additional ordinary shares. This update reflects ongoing changes in the company’s leadership investment, which may influence stakeholder perceptions and the company’s market positioning.
Mineral Resources Limited has announced changes in the director’s interest for Zimi Meka, as detailed in the Appendix 3Y and 3Z notifications. The update reflects an acquisition of 273 ordinary shares, bringing the total to 7,472 shares, which may influence the company’s governance and shareholder dynamics.
Mineral Resources Limited announced a change in the director’s interest notice following the approval of a grant of securities to Non-Executive Chair Malcolm Bundey, as approved by shareholders at the 2025 Annual General Meeting. This change reflects the company’s ongoing governance and shareholder engagement practices, potentially impacting the company’s leadership dynamics and signaling shareholder confidence in the current board’s direction.
Mineral Resources Limited announced the issuance of 780,000 unquoted securities in the form of MinRes Options under an employee incentive scheme. This move is part of the company’s strategy to align employee interests with corporate goals, potentially enhancing operational performance and stakeholder value.
Mineral Resources Limited announced the results of its 2025 Annual General Meeting, where all resolutions, including the adoption of the Remuneration Report and the election of several directors, were passed as ordinary resolutions. This outcome reflects strong shareholder support for the company’s current leadership and strategic direction, potentially reinforcing its industry position and stakeholder confidence.
Mineral Resources Limited has released the presentation for its 2025 Annual General Meeting, highlighting the involvement of Chair Malcolm Bundey and Managing Director Chris Ellison. This announcement underscores the company’s ongoing engagement with stakeholders and its commitment to transparency in its operations.
In his address at the 2025 Annual General Meeting, Malcolm Bundey, the new Chair of Mineral Resources Limited, outlined his strategic priorities since taking on the role. He emphasized the importance of governance, operational stability, and financial discipline to ensure long-term success. Bundey highlighted the company’s progress in these areas, including board renewal and a focus on safely delivering Onslow Iron to full capacity. His leadership aims to align the company’s rapid growth with a strong governance framework, ensuring sustainable performance for the next 30 years.
Mineral Resources Limited has updated its Securities Trading Policy as part of a broader corporate governance review. This policy applies to all directors, officers, employees, and contractors, emphasizing restrictions on trading when in possession of inside information. The update aims to enhance compliance and governance, potentially impacting the company’s operational transparency and stakeholder trust.
Mineral Resources Limited has entered into a binding agreement with POSCO Holdings to form a joint venture, where POSCO will acquire a 30% interest in MinRes’ operational lithium business for $1.2 billion. This partnership aims to strengthen the position of the Wodgina and Mt Marion mines in response to growing demand for Australian lithium, while also enhancing MinRes’ financial flexibility for future growth opportunities.
Mineral Resources Limited reported a strong first quarter for FY26, with Onslow Iron reaching its nameplate capacity of 35Mtpa and shipping 8.6Mt. The company maintained strong liquidity at $1.1 billion and reduced its net debt-to-EBITDA ratio. Additionally, the company saw a 31% increase in lithium prices and completed a significant acquisition of Resource Development Group Limited’s assets. The board was strengthened with the appointment of four new Independent Non-Executive Directors, and safety performance improved significantly with a 54% reduction in recordable injuries.
Mineral Resources Limited has confirmed it will receive a $200 million contingent payment from Morgan Stanley Infrastructure Partners in early November 2025, following the successful operation of its Onslow Iron project at a 35Mt per annum run rate over three months. This payment increases the total consideration from the Onslow Iron Road Trust transaction to $1.3 billion, highlighting the company’s operational success and strengthening its financial position.
Mineral Resources Limited has released its 2025 Financial Year Sustainability Report, highlighting its ongoing commitment to sustainable practices in its operations. This report underscores the company’s focus on environmental responsibility and may impact its industry positioning by reinforcing its dedication to sustainability, potentially influencing stakeholder perceptions and investment decisions.
Mineral Resources Limited has released its corporate governance statement for the financial year ending June 30, 2025, which is available on their website. The statement outlines the company’s adherence to the ASX Corporate Governance Council’s principles, highlighting their commitment to transparency and accountability in management and oversight. This move is expected to reinforce stakeholder confidence and ensure compliance with regulatory standards.
Mineral Resources Limited has released its 2025 Corporate Governance Statement, highlighting its commitment to maintaining high standards of corporate governance. This release is significant as it underscores the company’s dedication to transparency and accountability, which are crucial for its operations and stakeholder trust.
Mineral Resources Limited has released its 2025 Financial Year Annual Report, which is now available on their website for shareholders. This report provides insights into the company’s performance and sustainability efforts, reflecting its ongoing commitment to transparency and stakeholder engagement.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Mineral Resources Limited as of October 10, 2025. This change in holdings may impact the company’s shareholder structure and influence its market positioning, as JPMorgan’s involvement in the company has been significant.
Mineral Resources Limited has announced the appointment of Susan Ferrier and Colin Moorhead as Independent Non-Executive Directors, effective October 10, 2025. These appointments are part of the company’s ongoing commitment to enhancing board independence and governance standards. Susan Ferrier brings extensive experience in governance, cultural transformation, and human resources, while Colin Moorhead offers nearly four decades of expertise in mining exploration, project development, and operational leadership. Their combined expertise is expected to strengthen the board’s capability, aiding the company in disciplined capital management and stakeholder engagement, ultimately delivering sustainable value for shareholders.
Mineral Resources Limited has announced an allotment of shares to its Non-Executive Directors as part of their Director Fees for the quarter ending 30 September 2025. This move reflects the company’s ongoing strategy to align the interests of its directors with those of its shareholders, potentially enhancing governance and stakeholder confidence.
Mineral Resources Limited has appointed Sarah Standish as joint Company Secretary, effective from 6 October 2025. With 20 years of experience in legal, governance, risk, and compliance roles in the mining and energy sectors, Ms. Standish will share responsibilities with Derek Oelofse. She replaces Mark Wilson, who will continue as Chief Financial Officer. This appointment reflects the company’s focus on strengthening its governance and compliance functions.
Mineral Resources Limited has successfully completed a US$700 million offering of 7.000% Senior Unsecured Notes due 2031. The proceeds from this offering will be used to refinance existing notes due in May 2027, potentially strengthening the company’s financial position and providing greater flexibility in managing its debt obligations.
JPMorgan Chase & Co. and its affiliates have ceased to be substantial holders in Mineral Resources Limited as of September 26, 2025. This change in holdings, involving transactions by JPMorgan Chase Bank, N.A., J.P. Morgan Securities PLC, and J.P. Morgan Securities Australia Limited, may impact the company’s shareholder structure and influence within the market.
Mineral Resources Limited has completed upgrades to the Onslow Iron private haul road, allowing for the resumption of unconstrained haulage at normal speeds. The project, which included improvements to pavement strength and moisture resistance, shipped a record 3.2 million tonnes of ore in August 2025, highlighting its strong performance and contribution to the company’s financial stability and growth.
Mineral Resources Limited has executed a binding Asset and Share Sale Agreement to acquire the assets of Resource Development Group Limited, including the Lucky Bay garnet mine, following creditor approval of the proposed Deed of Company Arrangement. This strategic acquisition aims to realize value for MinRes shareholders, with all decisions made independently by the MinRes Board to avoid conflicts of interest.
Mineral Resources Limited announced its intention to offer up to US$700 million of Senior Unsecured Notes due 2031, subject to market conditions. The proceeds from this offering are intended to refinance existing notes due in May 2027, potentially strengthening the company’s financial position and operational flexibility.
Mineral Resources Limited announced the issuance of 1,113,212 fully paid ordinary securities, which are to be quoted on the Australian Securities Exchange (ASX). This move, part of an employee incentive scheme, is expected to enhance the company’s capital structure, potentially impacting its market positioning and offering benefits to stakeholders by aligning employee interests with company performance.