Deterra Royalties posts 36% HY profit increase on strong pricing
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The news: Deterra Royalties reported a 36% increase in net profit after tax for the six months to December 2025, driven by record sales in Mining Area C (MAC) and a strong pricing environment.
The numbers: The Perth-based mining royalty company reported net profit of $87.2 million, while revenue rose 12% year-on-year to $117.2 million.
Revenue from MAC increased 12% to $116 million, while underlying earnings rose 11% to $109.9 million.
The company declared a fully franked interim dividend of 12.4 cents per share, up 38% from a year earlier.
The context: Interim CEO Jason Neal said the profit increase was supported by consistent cashflow from the group's MAC operations, underpinned by record sales and a strong pricing environment.
The company's net debt fell to $148.8 million, from $270.6 million a year earlier, following the disposal of non-core precious metals assets acquired as part of the Trident portfolio.
What they said: "We will continue to drive value from our core MAC and Thacker Pass Royalties while also diligently pursuing opportunities for royalty investments and financing through the strict lens of shareholder value creation,” Jason Neal said.
The source: ASX
