Red Hill Minerals (RHI) Q4 2025 TU earnings summary

Executive summary

• Onslow Iron Project shipments reached the upper end of guidance, with annualised run-rate of 32.4 Mtpa in June and expected to reach 35 Mtpa in Q1 FY26.

• Royalty revenue from Onslow Iron Project was $4.79m for the June quarter.

• Cash balance at quarter end was $64.5m, supporting a strong financial position.

• Fully franked dividend of $0.03 per share paid during the quarter.

• Acquisitions included a 2% Gross Revenue Royalty over Sandstone Gold Project and a 1.5% Net Smelter Royalty over the Thomson Gold-Copper Project.

Financial highlights

• Royalty revenue for the June quarter totaled $4.79m from Onslow Iron Project.

• Cash and cash equivalents at quarter end were $64.5m.

• Net cash from operating activities was $3.5m for the quarter.

• Dividend payment of $1.92m made during the quarter.

Outlook and guidance

• Onslow Iron Project expected to reach nameplate capacity of 35 Mtpa in Q1 FY26.

• Completion of private haul road upgrade on target for Q1 FY26.

• Planning underway for a 4,000m diamond drill program at Broken Hill Project, commencing September.

• Assay results from ongoing exploration programs expected in the September quarter.