Iluka Resources posts a $24M loss on $433M revenue
- Iluka Resources reported a net loss after tax of $24 million for the half-year ended June 30.
- The company's mineral sands revenue decreased by 22% to $433 million compared to the prior corresponding period.
- Management highlighted ongoing operational progress at the Balranald mine and the Eneabba rare earths refinery.
Iluka Resources (ASX:ILU) recorded a net loss after tax of $24 million for the half-year period ended June 30 alongside total mineral sands revenue of $433 million.
The result contrasts with the prior corresponding period in 2025 when the company posted a net profit after tax of $92 million and mineral sands revenue of $558 million.
“External developments continue to reinforce the strategic rationale for our rare earths diversification, with Eneabba’s commissioning in 2027 well timed in the context of growing demand and the imperative of diversified supply,” the company stated.
The company declared a fully franked interim dividend of 3 cents per ordinary share payable in September.
During the period, mineral sands operating cash flow rose to $247 million while net debt for the mineral sands segment decreased to $273 million.
Following the announcement, the Iluka Resources share price was up at $7.31.
The company operates as a major Australian raw materials business focused on the exploration, mining, processing, and marketing of mineral sands and rare earth products.
