Perth-based Deterra Royalties (ASX:DRR) delivered a robust half-year result for the period ended December 2025, reporting a 36% rise in net profit after tax to $87.2 million.
The result was underpinned by record sales volumes at its cornerstone Mining Area C iron ore operation and a resilient pricing environment, sending a clear signal of the company's high-margin efficiency.
Total revenue climbed 12% to $117.2 million, with the BHP-operated MAC asset contributing $116 million to the top line.
The operational strength allowed the board to reward shareholders with a fully franked interim dividend of 12.4 cents per share, a significant 38% increase from the prior year.
Interim CEO Jason Neal, who stepped into the role following the departure of Julian Andrews, highlighted that the result reflects a disciplined approach to capital management.
The company slashed its net debt to $148.8 million—down from $270.6 million—following the strategic divestment of non-core precious metals assets from the Trident portfolio.
"We will continue to drive value from our core MAC and Thacker Pass royalties while also diligently pursuing opportunities for royalty investments through the strict lens of shareholder value creation," said Neal.
At the time of reporting, Deterra Royalties' share price was $4.30.