Australia's Deterra Royalties rises on stronger annual results, project progress

Deterra Royalties

18/08/2026 05:19

** Shares of Australia's Deterra Royalties DRR.AX rise as much as 4.9% to A$4.425, their biggest intraday pct gain since January 13
** Investment manager reports FY26 underlying NPAT up 14% to A$151.7 million ($107.74 million)
** Posts underlying FY26 EBITDA of A$222.2 million, up 6%
** Co says Mining Area C (MAC), the BHP-operated Pilbara iron ore mine and DRR's flagship royalty asset, posted record production and sales in FY26
** Adds US$1.2 billion has been drawn from the U.S. Department of Energy loan package to support co's Thacker Pass lithium clay project in Nevada
** YTD, stock up over 7%, including session's moves 


($1 = 1.4069 Australian dollars)


($1 = 1.4081 Australian dollars)

 (Reporting by Subhalakshmi Dey in Bengaluru)
 ((Subhalakshmi.Dey@thomsonreuters.com;))