Mineral Resources Ltd

MIN: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Mineral Resources Earnings: Debt Is High but Quality of Earnings Improving

Mark Taylor

Aug 29, 2025

Mineral Resources reported a 171% fall in fiscal 2025 underlying NPAT to negative AUD 120 million. A halving in lithium and a 15% decline in iron ore prices led to a rout for mining. EBITDA fell 64% to AUD 279 million. Mining services was better, with EBITDA up 34% to AUD 737 million.

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Mineral Resources Ltd

Mineral Resources Earnings: Debt Is High but Quality of Earnings Improving

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