Mineral Resources reported a 7% increase in revenue to $2.51 billion and an underlying EBITDA of $674.9 million for the first half of FY24.

The miner's net profit rose 33% to $518 million, boosted by a $43.9 million tax benefit from the Albemarle joint venture restructuring. Underlying profit declined 28% to $674.9 million.

The company's board declared a fully franked interim dividend of 20 cents per share.

Mineral Resources plans to finalise a decision on a gas processing facility and is reportedly moving to divest its stake in Azure Minerals (ASX:AZS) amid falling lithium prices and strategic shifts.