Group 6 Metals (ASX:G6M) has reported a period of growth and operational milestones for the half-year ended Dec. 31, 2025, driven by record-breaking performance at its Dolphin Tungsten Mine.
The company became the largest tungsten concentrate producer in Australia during this period, achieving a record WO₃ production of 43,468 MTUs.
This represents an increase of more than 68% compared to the previous year.
The processing plant handled 122 thousand tonnes of ore, while preparations for underground mining transition progressed with 22 thousand tonnes of remnant ore recovered.
The company maintained a clean safety and environmental record with "Zero Lost Time Injuries and no environmental events" recorded.
The company saw a dramatic turnaround, realising a revenue of $25.6 million, which is "up 227% on comparative half year period," and resulting in a profit of $385 thousand.
The surge was supported by record sales of 42,895 MTUs and cash receipts of $24.4 million.
Group 6 Metals also strengthened its balance sheet by reducing total debt to $24.2 million, ending the quarter with $3.5 million in cash and minimal near-term debt repayments.
The company is capitalising on a "tight market with persistent supply deficits" where prices for Ammonium Paratungstate have grew to US$1,650 – 1,900 per MTU.
Management notes that "Dolphin's high-grade, Tier-1 jurisdiction profile positions Group 6 Metals favourably versus lower-grade or higher-risk operations," as it looks toward future underground expansion.