)
Visual
test
Mineral Resources
Mineral Resources (MIN) investor relations material
Mineral Resources Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary29 Jan, 2026
Executive summary
All divisions delivered strong operational performance, with Onslow Iron operating at nameplate capacity and lithium assets benefiting from improved market conditions.
Achieved record iron ore shipments and significant lithium volume upgrades, capitalizing on higher prices.
Net debt reduced to $4.9B and liquidity increased to over $1.4B, reflecting rapid deleveraging.
Entered a binding agreement for POSCO Holdings to acquire 30% of the operational lithium business for US$765M, expected to complete in H1 2026.
The company enters the second half with positive momentum, a strengthening balance sheet, and favorable market conditions.
Financial highlights
Liquidity increased to over $1.4 billion, and net debt reduced by $500 million to below $4.9 billion.
Onslow Iron shipped 8.7Mt in Q2 FY26 (17.3Mt in 1H26), with FOB cost at $50/wmt for the quarter.
Attributable lithium spodumene production was 138k dmt SC6, with sales of 143k dmt SC6 at an average price of US$1,094/dmt, up 29% quarter-on-quarter.
Mining Services quarterly production volumes rose 5% qoq to 85Mt.
Capital expenditure for the quarter was ~$200M (1H26: ~$600M), in line with guidance.
Outlook and guidance
FY26 lithium volume guidance upgraded: Wodgina to 260-280k dmt SC6 (from 220-240k), Mt Marion to 190-210k dmt SC6 (from 160-180k).
Cost guidance maintained across all divisions, with iron ore and lithium costs tracking at or below guidance ranges.
Onslow Iron's capital intensity expected to remain around $2/ton in the short term, with further guidance for FY27 to be provided mid-year.
Maintenance and weather-related downtime at Onslow Iron is planned for, with additional transhippers to be added to support higher throughput.
Mining Services FY26 volume guidance remains at 305-325Mt.
Impact of POSCO deal on lithium strategy?
Reconcile 2H26 lithium cost increases with FY26 guidance
Impact of 1H26 non-cash items on underlying results?
Bald Hill restart criteria given market volatility?
Onslow Iron: Transhipper impact on 40Mtpa target?
Future impact of non-underlying P&L adjustments?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- 7 Feb517271
Strong revenue and profit growth, interim dividend, and major investments approved. - 7 Feb514167
Quarterly and nine-month results reflect solid revenue, profit, and compliance with new labour codes. - 7 FebMGL
Strong revenue growth offset by lower margins and profit; interim dividend declared. - 7 FebPGIL
Strong revenue and margin growth, with India set for further expansion and upgraded ratings. - 7 Feb504614
Strong revenue and profit growth in Q3 FY26, led by power and steel segments. - 7 FebCHEMPLASTS
Net losses widened and revenue fell year-over-year amid regulatory and market headwinds. - 7 FebSBIN
Q3 FY26 net profit reached ₹21,028.15 crore, driven by robust income and strategic divestments. - 6 FebHTOO
Resale registration for 71,429 shares via warrant, with proceeds only on exercise; financial risks persist. - 6 FebVSAT
Q3 revenue up 3% to $1.16B, net income $25M, strong cash flow, Ligado boost, satellite focus. - 6 FebWEC
Targets 7–8% EPS growth, $37.5B capex, and coal exit by 2032 amid surging data center demand.
Next Mineral Resources earnings date
H1 202620 Feb, 2026
Mineral Resources
Next Mineral Resources earnings date
H1 202620 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Mineral Resources Limited develops, operates and maintains mining service and processing facilities for its mining operations in Australia, China and Singapore. The company focuses on iron ore, gold, lithium and tantalum minerals. It provides contracting services, such as drilling and blasting, materials handling, crushing and screening, contract crushing and beneficiation services. The company was founded in 1993 and is headquartered in Perth, Australia.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage