Iluka Resources Limited – Half‑Year Financial and Operational Update
Iluka Resources Limited reported a net loss of A$24 million for the six months ended 30 June 2026, a reversal from the A$92 million profit recorded in the comparable period of the previous year. Revenue for the half‑year declined 22 percent to A$433 million year‑on‑year. Underlying group EBITDA fell 77 percent to A$53 million, reducing the EBITDA margin to 9 percent from 39 percent a year earlier.
Operationally, the company commissioned its Balranald mine during the period; both mining rigs are now operational and are producing magnetic and non‑magnetic heavy‑mineral concentrate to specification. The ramp‑up of the Balranald operation continues, with the first final product from the project expected in the second half of the year.
Construction of the Eneabba rare‑earths refinery progressed to 60 percent completion and remains on schedule and within budget. Iluka signed its first offtake agreement covering both light and heavy magnet rare‑earth oxides. The company also confirmed access to a full A$1.65 billion non‑recourse loan from Export Finance Australia to support the refinery project, with commissioning targeted for 2027.
The board declared an interim dividend of 3 cents per share, fully franked, up from 2 cents per share in the prior year.