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Develop Global
Develop Global (DVP) investor relations material
Develop Global Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 TU earnings summary27 Jan, 2026
Executive summary
Achieved record operational and financial performance in the December quarter, with Woodlawn ramping up to steady-state production and Sulphur Springs advancing toward a final investment decision in June 2026.
Secured a major mining services contract with OceanaGold in New Zealand, expanding the mining services portfolio to two contracts and achieving record ore mined at Bellevue.
Group external revenue reached a record nearly AUD 95 million for the December quarter.
Business is growing rapidly, with new executive appointments to support expansion.
Surging lithium prices opened new opportunities at Pioneer Dome.
Financial highlights
Quarterly concentrate revenue up 98.5% to AUD 39.1 million, driven by higher copper and zinc concentrate sales compared to the September quarter.
Record 59,000 tons processed at Woodlawn in December, supporting ramp-up to 850,000 tons per annum.
Cash position at 31 December 2025 was AUD 179.9 million.
Mining Services division posted quarterly external revenue of AUD 55.5 million.
Net smelter return revenue per ton increased 40% to AUD 470 since the August 2024 restart, due to lower treatment and refining charges.
Outlook and guidance
On track to reach steady-state production at Woodlawn in the March quarter and targeting 500,000 tons copper equivalent production per year ahead of schedule.
Sulphur Springs final investment decision targeted for June quarter 2026, with strong project economics and funding/offtake processes underway.
Pioneer Dome fully permitted and could deliver first DSO ore in less than six months if market conditions remain favorable.
Quantify Woodlawn's CY26 NSR uplift from TC/RC
Sulphur Springs NPV at current spot prices
Pioneer Dome DSO capital cost and timeline
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Frequently asked questions
Develop Global Limited is an Australia-based mining services company involved in mineral exploration, mine development, and contract mining. The company provides technical and operational services to mining projects, including underground mining and engineering services. In addition to its contract mining operations, Develop Global holds interests in mineral exploration projects, primarily targeting base metals such as copper, zinc, and nickel. The company focuses on enhancing operational efficiency and resource development for its clients and its own mining assets. The company is headquartered in Perth, Western Australia, and its shares are listed on the ASX.
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