Red Hill Minerals (RHI) Q2 2026 TU earnings summary

Executive summary

• Royalty revenue for the December quarter was $7.8m, with $14.9m for the half year, aligning with FY26 guidance of $28.7m from the Onslow Iron Project.

• Cash balance at quarter end was $61.3m, after receiving $7.0m in royalties, paying a $4.2m dividend, $2.7m in exploration, and $1.6m in income tax.

• Fully franked dividend of 6.5 cents per share paid in October 2025.

Financial highlights

• Net cash from operating activities for the quarter was $5.4m; year-to-date $7.8m.

• Net cash used in investing activities was $(2.7)m for the quarter; $(6.8)m year-to-date.

• Net cash used in financing activities was $(4.2)m for the quarter, mainly due to dividend payments.

• Cash and cash equivalents at quarter end were $61.3m, down from $62.7m in the previous quarter.

Outlook and guidance

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

• Brightstar Resources plans 100,000m of drilling at Sandstone Hub in CY26, aiming for a Pre-Feasibility Study and maiden Ore Reserve by September 2026.

• Follow-up exploration at the Dementus Target and further drilling at Barkley Gold are planned.