Iluka Resources Ltd (ASX:ILU) has reported a 31% fall in its net profit for the first half of 2025, with profit after tax dipping to $92 million, down from $134 million in the previous corresponding period.
Revenue also softened, slipping 8% to A$577.8 million, reflecting weaker mineral sands prices. Underlying EBITDA declined more moderately, down 13% to A$218.1 million, as improved volumes and lower unit costs partially offset the price erosion.
The board declared a final dividend of 2 cents per share, trimmed from 4 cents a year ago. Amid subdued pricing, Iluka noted that higher volumes and cost efficiencies helped cushion the impact on margins.
Outlook
While Iluka remains challenged by volatile commodity prices, robust production volumes and disciplined cost control may help underpin stability. Investors will be watching pricing trends, potential re-stocking in end markets, and progress on the Eneabba rare earths refinery project.
Iluka shares were trading down nearly 8% at $6.06 at 4:15 pm AEST on Wednesday,