Financial Performance

Q1 FY2026

Revenue, costs, EBITDA, and budget variance — Xero & MYOB integrated

Last updated: 14 Mar 2026, 14:45 AWST

XeroConnected

Last sync: 14 Mar 14:45 · 2,847 records · Next: 15:00

MYOBWarning

Last sync: 14 Mar 11:22 · 1,204 records · Next: Manual required

Financial data as of 14 Mar 2026 14:45 AWST

Currency

Period

Site

On Track

Total Revenue

8.47B USD

+6.2%vs Q1 FY2025Annual Guidance: $33.8B target FY26

On Track

EBITDA

4.12B USD

+8.4%vs Q1 FY2025EBITDA Margin: 48.6% margin

On Track

C1 Cash Cost — Cu

1.48$/lb

-3.2%vs Q1 FY2025Budget: Budget: $1.55/lb

Monitor

C1 Cash Cost — Fe

14.20$/wmt

+4.8%vs Q1 FY2025Budget: Budget: $13.80/wmt

On Track

Royalties & Tax

0.94B USD

+7.1%vs Q1 FY2025Effective Rate: 11.1% of revenue

Revenue & EBITDA — Quarterly Trend

USD Billions · 8-quarter rolling

Budget vs Actual Variance

Q1 FY2026 — Xero reconciled

Copper Revenue

3.38$B / 3.22$B+5.0%

Iron Ore Revenue

2.29$B / 2.41$B-5.0%

Coal Revenue

1.12$B / 1.08$B+3.7%

Nickel Revenue

0.24$B / 0.31$B-22.6%

Total EBITDA

4.12$B / 3.98$B+3.5%

C1 Cost — Copper

1.48$/lb / 1.55$/lb-4.5%

C1 Cost — Iron Ore

14.2$/wmt / 13.8$/wmt+2.9%

Capex

0.84$B / 0.91$B-7.7%

Royalties

0.94$B / 0.88$B+6.8%

Q1 FY2026 Summary

Revenue ahead of budget driven by copper price and volume. Iron ore and nickel below plan. C1 copper costs tracking favourably. EBITDA +$140M vs budget.

Commodity P&L — Q1 FY2026

USD Millions · C1/C2 cash costs · Xero & MYOB reconciled

Commodity	Operating Sites	Revenue	C1 Cash Cost	C2 Cash Cost	EBITDA	EBITDA Margin	Royalties	Capex	Free Cash Flow	vs Budget
Copper	Escondida, Olympic Dam, Pampa Norte, Cerro Colorado	$3.38B	1.48 $/lb	1.84 $/lb	$1.82B	53.8%	$284M	$312M	$1.22B	+5.0%
Iron Ore	WAIO (Newman, Jimblebar, Yandi)	$2.29B	14.20 $/wmt	17.40 $/wmt	$1.05B	45.8%	$241M	$198M	$609M	-5.0%
Metallurgical Coal	Goonyella, Peak Downs, Caval Ridge	$842M	112.40 $/t	128.60 $/t	$398M	47.3%	$94M	$68M	$236M	+3.7%
Energy Coal	Mount Arthur	$278M	68.20 $/t	79.40 $/t	$124M	44.6%	$28M	$22M	$74M	+7.6%
Nickel	Nickel West (Mt Keith, Leinster, Kalgoorlie)	$241M	7.84 $/lb	9.12 $/lb	$48M	19.9%	$18M	$44M	$-14M	-22.6%
Gold	Olympic Dam, Copper South Australia	$342M	980.00 $/oz	1140.00 $/oz	$184M	53.8%	$28M	$0M	$156M	+6.5%
Silver	Olympic Dam, Copper South Australia	$97M	12.40 $/oz	14.80 $/oz	$52M	53.6%	$8M	$0M	$44M	+2.3%
TOTAL		$7.47B			$3.67B	49.2%	$701M	$644M	$2.33B