Stock Analysis

• The company said committed revenue for the year stood at $261 million as at 12 October 2026, compared with $240 million as at 21 August 2026.

• The company says the area represents about 9 per cent of global seaborne iron oreSupplyand could operate for more than 45 years.

• ARN reported on 3 November 2026 that earlier first-half guidance had pointed to growth of about 40 per cent, which makes this a material step up.

• Net tangible assets were $8.92 per security at 30 June 2026, about 1% higher over the year.

• The company also holds exploration interests, and it has moved to acquire Energy Resources of Australia's 50 per cent interest in the Cooper Creek joint venture.

• Underlying EBIT fell 8.7% to $845 million and underlying net profit after tax fell 14.8% to $363 million.

• In February 2026 Elders announced it would sell Killara for about $195.8 million, made up of $122.0 million in cash and normalisedWorking Capitalof $73.8 million, mostly cattle inventory, measured at 30 September 2025.