Red Hill Minerals (RHI) Q3 2026 TU earnings summary

Executive summary

• Royalty revenue for the March quarter was $6.2m, with $21.1m year-to-date, aligning with FY26 guidance of ~$28.7m from the Onslow Iron Project.

• Cash balance at quarter end was $59.1m after receiving $7.8m in royalties, paying a $7.5m dividend, $1.5m in exploration, and $1.4m in income tax.

• Fully franked dividend of 11.6 cents per share paid in March.

Financial highlights

• Receipts from customers totaled $7.8m for the quarter and $19.7m for the nine months.

• Net cash from operating activities was $6.6m for the quarter and $14.4m year-to-date.

• Net cash used in investing activities was $1.3m for the quarter and $8.1m year-to-date.

• Net cash used in financing activities was $7.5m for the quarter, mainly due to dividend payments.

• Cash and cash equivalents at quarter end were $59.1m.

Outlook and guidance

• Onslow Iron Project volume guidance for FY26 upgraded to 31–34 million wet metric tonnes (wmt), up from 30–33 wmt.

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

• Follow-up drilling at Anabama and Barkley Gold targets planned for the next quarter.