Red Hill Minerals (RHI) Q1 2026 TU earnings summary

Executive summary

• Achieved nameplate capacity of 35 Mtpa at the Onslow Iron Project, generating $7.0m in royalty revenue for the quarter and supporting FY26 guidance of $28.7m in royalty income.

• Declared and paid a fully franked dividend of 6.5 cents per share, totaling $4.17m.

• Ended the quarter with a strong cash balance of $62.71m.

Financial highlights

• Quarterly receipts from customers totaled $4.79m, with net cash from operating activities at $2.37m.

• Net cash outflow from investing activities was $4.13m, mainly due to exploration and evaluation payments.

• Dividend payment of $4.17m made during the quarter.

Outlook and guidance

• Anticipated royalty income from the Onslow Iron Project for FY26 is around $28.7m.

• Ongoing exploration and drilling programs at Curnamona, Anabama, and West Pilbara projects, with further assay results and drilling planned for the next quarter.