The company reported net profit after tax of $148.2 million for FY26, compared with a $32.1 million loss in FY25. Group 6 Metals said the reported result included non-cash impacts from recapitalisation, warrant arrangements and the reversal of prior impairment, as well as stronger realised tungsten prices and higher concentrate sales volumes.
At the Dolphin Tungsten Mine on King Island, the company processed 272,421 tonnes of plant feed during FY26, producing 88,911 metric tonne units of WO3 and selling 92,964 metric tonne units. It said remediation work across plant areas improved availability and recovery, while 295,000 tonnes of stockpiled material at 0.26% WO3 was carried into FY27.
Group 6 Metals said underground activity began at the end of June 2026 following an April contract with HMR Drilling for development and production services. The company expects access to higher-grade underground ore to improve head grade, production profile and operating margins, while cautioning that forward-looking statements are subject to risks and uncertainties.
Source: Download G6M official ASX announcement, 2026-10-01.
Financial performance table from Group 6 Metals Limited's FY26 investor presentation announcement, dated 1 October 2026.