Latest Om (ASX:OMH) News

OM Holdings returned to profit in the first half of 2026 despite a 14% revenue decline, with EBITDA rising sharply and debt reduced through repayments and an asset sale. The result was supported by a US$145.1 million investing cash inflow from the disposal of its Tshipi mine interest, while operating cash flow remained negative.

Small-cap resources led the week, with Discovery Alaska rising 90% as it bought a Western Australian gold project. Gold, copper and critical minerals companies also drew strong buying. Large energy names posted solid results, but several shares fell as investors weighed capital needs, project delays and weaker forward guidance.

OM Holdings reversed a loss to report a US$26.3 million profit in 1H 2026, driven by a major asset disposal and improved product margins despite lower sales volumes.

Materials shares delivered another strong week, led by a 60.61% rise at iTech Minerals and major gains across gold, copper and critical minerals.
Investors rewarded fresh drilling results, larger mineral resources, project approvals and new supply agreements, although several heavily sold stocks showed that early buying did not always last.

OM Holdings' subsidiary OM Materials has locked in a binding take-or-pay deal to purchase up to 1.1 million tonnes per annum of manganese concentrate from Element 25's Butcherbird Mine, underpinning Element 25's expansion and financing plans.

OM Holdings faced a challenging ferroalloy market in FY2025 but maintained production resilience, secured refinancing, and rationalised its portfolio through key asset sales, while advancing sustainability initiatives.

OM Holdings’ subsidiary has fully redeemed its AUD 30.9 million private bonds ahead of schedule, funded by the sale of a strategic mining stake. This move clears all bond obligations well before the May 2026 maturity date.

OM Holdings reported a modest decline in FY2025 revenue and EBITDA amid subdued market conditions but maintains a positive cash position and sets a stable production outlook for FY2026.

OM Holdings has declared a special dividend following the sale of its 26% interest in Ntsimbintle Mining, signalling a strategic return of capital to shareholders.

OM Holdings Limited reported a sharp decline in profit and EBITDA for FY2025, impacted by lower selling prices and market competition, while preparing to complete a major asset disposal valued at US$120 million.

OM Holdings has recommissioned its Qinzhou manganese smelter in China after a four-year pause due to high power costs, signaling a strategic push to regain production capacity and market share.

OM Holdings has fulfilled all conditions to sell its 26% stake in Ntsimbintle Mining to Exxaro Resources for approximately US$101.4 million, setting the stage for transaction completion by late February 2026.