Stock Analysis

The construction team reached 1,000,000 hours without a lost-time injury, a milestone the company highlighted. Process plant construction has commenced, with CIL tank erection well advanced and preparation for mill and crusher foundation pours underway.

The company entered an agreement with Apex USA Resources LLC to identify and develop rare earths tenements in the United States. A dispute has since arisen with Stephen Baghdadi, Dateline Resources Limited and others over certain tenements in California. The company and Apex have …

Revenue of approximately $3.4 million was up approximately 380% on the prior corresponding period, as deferred modular projects moved throughManufacturingand delivery. More than A$19 million of new contracts and variations were announced in the quarter, including a second AI HPC contract of about A$12.2 …

Underlying net profit after tax was $404 million, up 21.9%, and underlyingEarnings Per Sharewere 50.9 cents, up 12.9%. Statutory net profit after tax was $501 million, up 4.7%.

FY26 statutory profit after tax was AUD 15.7 million, compared with AUD 39.6 million in FY25. This adds another detail to the period’s financial results.

FY26 reported net profit after tax rose 39% to AUD 49 million from approximately AUD 35 million. This adds another detail to the period’s financial results.

Normalised FY26 operating profit rose 18% to AUD 92.9 million from AUD 78.6 million. This adds another detail to the period’s financial results.