Macro Metals (M4M) H1 2026 earnings summary

Executive summary

• Transitioned from pure exploration to integrated resource development and mining services, focusing on iron ore, copper, gold, and construction materials projects in Western Australia.

• Advanced key projects and expanded operational capabilities, including majority Indigenous-owned businesses.

• Acquired interests in the Extension Iron Ore Project and Derby East Construction Sands Project, strengthening project pipeline.

Financial highlights

• Loss after tax for H1 FY26 was $2,236,599, a significant improvement from $4,554,831 in H1 FY25.

• Revenue from mining services reached $238,698, reflecting the new business segment's growth.

• Exploration expenditure reduced to $601,047 from $2,766,503 year-over-year.

• Raised $3,000,000 from investors to support exploration and business development.

• Cash and cash equivalents at period end were $1,962,905, with net assets of $8,442,498.

Outlook and guidance

• Focus on advancing approvals and development for the Extension Iron Ore Project and expanding mining services contracts, especially in gold and construction materials.

• Continued emphasis on disciplined execution, operational expansion, and securing new contracts for Indigenous-owned subsidiaries.