Red Hill Minerals declares final dividend after profitable year

Red Hill Minerals Limited (RHI) has declared a final FY25 ordinary dividend of AUD 0.065 per share, fully franked, following a profitable financial year. The company reported a net profit after tax of $9.13 million and total income of $16.04 million, which included $11.88 million in royalty revenue. This led to a significant increase in net cash position by $42.07 million. The dividend relates to the six-month period ending June 30, 2025, with an ex-dividend date of September 25, 2025, a record date of September 26, 2025, and a payment date of October 10, 2025.

The company's financial performance was primarily underpinned by the Onslow Iron Project royalty (0.75% FOB), which generated $11.88 million in revenue during FY25. With the project reaching nameplate capacity of 35 Mtpa, royalty income for FY26 is projected to be around A$28.7 million. Red Hill Minerals has adopted a dividend policy targeting six-monthly payments at 50% of royalty revenue.

Red Hill Minerals also expanded its royalty and exploration portfolio during FY25, acquiring a 2% Gross Revenue Royalty over the Sandstone Gold Project and a 1.5% Net Smelter Royalty over the Thomson Intrusion Related Gold-Copper Project. The company continues to actively explore its West Pilbara Gold and Base Metal Project and the Curnamona Joint Venture, with significant drilling programs and geophysical surveys conducted throughout the year.