Mount Gibson Iron Limited

Mount Gibson’s outlook depends on sustained production from Koolan Island and broader movements in the global iron ore market. The most recent full year results for the 2025 financial year showed Mount Gibson Iron generating sales of approximately 2.61m wet metric tonnes of high-grade iron ore at 64.5 % Fe, translating to about A$330.5m in revenue but a significant year-on-year decline from prior levels due to lower prices and volumes. Operating cash flow from Koolan Island was A$26.5m and total group cash flow was A$29.1m, while net profit before impairments was A$20.2m – yet after non-cash impairment expenses of around A$90.4m and the derecognition of deferred tax assets, the company recorded an A$82.2m net loss after tax for FY25. At year-end MGX held a strong balance sheet with about A$484.6 million in cash and investments and no bank borrowings. For FY26, guidance initially targeted sales of between 3.0–3.2 million wet metric tonnes with reduced cash operating costs of approximately A$80–85 per tonne FOB, although recent operational developments, including geotechnical issues at Koolan Island, have introduced uncertainty around this outlook. Management also expects to make a development decision on the Central Tanami gold project within the next 12–18 months, complementing its core iron ore output and diversifying revenue streams.