Mineral Resources Swings Back To Profitability With Record EBITDA Growth

Mineral Resources Ltd has delivered a striking financial turnaround in the first half of 2026, posting a profit of A$495 million compared to an A$809 million loss in the prior year period. This represents a dramatic reversal for the mining services provider, with earnings per share reaching 250.1 cents versus a loss of 410.4 cents previously. The result was bolstered by a A$134 million post-tax gain from contingent consideration received through a private haul road transaction.

Core Business Performance Accelerates In H1 2026

The most impressive metric comes from underlying EBITDA, which soared to A$1.167 billion—a remarkable 286 percent increase from A$302 million in the corresponding period last year. This explosive growth reflects strengthened operational efficiency across the group. Revenue from ordinary activities climbed 33 percent to A$3.052 billion, up from A$2.29 billion a year earlier, demonstrating broad-based momentum in the core mining services business.

Mining Services Division Leads Expansion

Mineral Resources’ Mining Services division is positioned to deliver nearly A$1 billion in annualized EBITDA for fiscal 2026, underpinned by production volumes forecast between 305-325 million tonnes—representing 12.5 percent growth year-over-year. The standout performer within this segment has been Onslow Iron, which continues to drive operational excellence and volume expansion. Management maintains a constructive long-term outlook for the division, citing sustained demand fundamentals.

Market Reception and Stock Performance

Australian shares of Mineral Resources closed the week at A$51.25, down 5.25 percent from prior trading levels, reflecting broader market dynamics rather than company-specific concerns. Despite the near-term price movement, the underlying financial momentum remains robust, positioning the company favorably for fiscal 2026 execution.