Deterra Royalties (ASX:DRR) Delivers Revenue Growth in March 2025 Quarter, Gears Up for Lithium Production by 2027

Wed 07 May 25, 04:48 AM | Team Kalkine

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Highlights

Quarterly portfolio revenue of DRR rose 4% QoQ to AUD 61.9 million, mainly driven by MAC iron ore royalties (AUD 55.6 million), aided by higher iron ore prices.

Net realised margin from gold offtake agreements increased 7% to AUD 5.6 million, on record deliveries of 69.3k ounces.

At Thacker Pass Lithium Project, final investment decision has been achieved for Phase 1, construction is underway with production targeted in 2027.

In H1FY25, the company recorded revenue of AUD 112.3 million, down 5.5% YoY.

The company completed Trident Royalties integration with cost synergies of AUD 4–5M/year.

ASX-listed Deterra Royalties Ltd (ASX:DRR) is a diversified resource royalty company. In the March 2025 quarter, Deterra reported a 4% QoQ increase in portfolio revenue to AUD 61.9 million, largely driven by its cornerstone Mining Area C (MAC) iron ore royalty. MAC alone contributed AUD 55.6 million, reflecting higher realised iron ore prices, which helped offset a dip in sales volumes.

Gold offtake agreements delivered a net realised margin of AUD 5.6 million, up 7% on record deliveries of 69.3 thousand ounces.

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