Mineral Resources Ltd (ASX: MIN) shares are moving higher on Thursday after the mining company released its FY26 results.

At the time of writing, the Mineral Resources share price is up 2.62% to $68.64.

There was plenty for investors to unpack, with revenue, earnings and free cash flow all moving higher during the year.

But one part of the result seems to have caught investors by surprise.

After going without a dividend in FY25, Mineral Resources is bringing it back, and the payment is much bigger than the market had expected.

So, how much will shareholders receive?

Mineral Resources brings back its dividend

Mineral Resources has declared a fully-franked final dividend of 83 cents per share.

This represents a 20% payout of underlying net profit after tax (NPAT) and marks the company’s first dividend since FY24.

The payment itself was also a lot bigger than the market had expected.

According to RBC Capital Markets, consensus estimates were sitting at just 7 cents per share heading into the result. Analyst James Redfern described the 83-cent payment as a “very positive surprise”.

At the current Mineral Resources share price of $68.64, the dividend represents a yield of around 1.2% before franking credits.

When will shareholders get paid?

Mineral Resources shares are scheduled to trade ex-dividend on 8 September, with the record date falling on 9 September.

The company will then pay the dividend on 30 September.

The payment is fully franked, giving eligible shareholders the added benefit of attached franking credits.

Mineral Resources is also operating its dividend reinvestment plan (DRP), with eligible shareholders able to receive new shares instead of taking the payment in cash.

Why is the dividend back?

The return of the dividend follows a pretty big improvement in the company’s finances during FY26.

Revenue jumped 44% to a record $6.5 billion, while underlying EBITDA surged 183% to $2.6 billion.

Underlying NPAT came in at $822 million, compared with a $112 million loss a year earlier.

The company also returned to profit after a difficult FY25, helped by stronger operating performance across the business.

Cash flow was another positive from the result. Mineral Resources generated $849 million in free cash flow, while liquidity more than doubled to $2.4 billion.

Net debt also fell by around $1.1 billion to $4.3 billion, bringing its net debt to underlying EBITDA ratio down from 5.9 times to 1.7 times.

What’s next?

While there were some big numbers in the FY26 result, the return of the dividend is likely to stand out for shareholders who went without one last year.

Management is also expecting volumes to grow across its mining services business, as well as iron ore and lithium commodities in FY27.

If that growth comes through and debt keeps falling, the company could be in a stronger position to keep rewarding shareholders with dividends.

The post Mineral Resources just delivered a surprise dividend. Here’s how much appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Mayfield Group Holdings Ltd (ASX: MYG) share price is up 18% to $2.47 on Thursday after the company reported a 43% lift in revenue to $169.0 million and an 18.9% rise in full-year statutory net profit after tax (NPAT) to $8.0 million.

What did Mayfield Group Holdings report?

• Revenue: up 43% to $169.0 million
• Statutory NPAT: up 18.9% to $8.0 million
• Underlying NPAT: up 50% to $10.9 million
• Underlying EBITDA: up 54% to $18.5 million (margin: 10.9%)
• Final fully franked dividend: 2.4 cents per share declared (total FY26 dividends: 4.4 cents)
• Operating cash flow: $5.0 million, with year-end cash at $21.8 million

What else do investors need to know?

Mayfield delivered record financial results, driven by ongoing demand across data centre, mining and utilities sectors, as well as the acquisitions of BE Switchcraft and SMEC Power & Technology. These deals broadened Mayfield’s manufacturing capabilities and market reach, with the new businesses contributing to group revenue and profit since completion.

The company completed a $33.5 million capital raising to help fund acquisitions and support future growth. Net tangible assets increased to 48.84 cents per share, and management says the group remains well placed for further investment or bolt-on opportunities.

What’s next for Mayfield Group Holdings?

Mayfield has declared a fully franked final dividend of 2.4 cents per share, payable in September. Looking ahead, the group expects continued growth, supported by recent acquisitions, an expanded manufacturing footprint, and ongoing investment in people and systems. Mayfield is targeting further expansion opportunities, including the recently acquired Nilsen Switchboards division (to be recognised in FY27).

Management says its balance sheet strength gives it flexibility to pursue value-adding strategic growth in key sectors.

Mayfield Group Holdings share price snapshot

The Mayfield Group Holdings share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months, surging around 70% over the period.

View Original Announcement

The post Mayfield Group share price jumps 18% after delivering record profit and higher dividend appeared first on The Motley Fool Australia.

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• Mayfield Group declares higher FY2026 final dividend

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Mayfield Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

Buying into a gold mining stock as it ramps up production is potentially a good way to tap into some significant share price gains.

Broker Morgans believes this story is playing out with Catalyst Metals Ltd (ASX: CYL), on which it recently released a research report, including a bullish share price target, which I’ll get to shortly.

First, let’s have a look at what the company has been up to.

Record production underpins growth story

In its recent quarterly report, Catalyst said it had produced a record 31,886 ounces of gold at an all-in sustaining cost of $2,666.

The company was sourcing ore from four mines across the Plutonic belt of deposits, and developing one of those, Trident, into an underground mine from an open-pit operation.

The company said it would provide FY27 production guidance in late September, including an update to its 10-year production guidance, which was released in September 2025.

The company said:

Over the last three years since Catalyst ownership, the Company’s strategy at the Plutonic Gold Belt has been to define 2Moz of Reserves to underwrite an increased production rate from 100koz to 200koz for ten years. Production will be sourced from multiple mines across the Belt.

The company said it had been building its gold inventory in a bid to meet these goals and upgrading infrastructure to be ready for the necessary expansions.

The company’s management said in a statement:

New discoveries such as those at Cinnamon and Trident have re-enforced our view of the geological potential of this belt. The value of the existing infrastructure and sunk capital, while somewhat tired and suffering from underinvestment, has allowed Catalyst to develop mines faster and at far lower cost. The pathway to a 200koz production rate is set. The mines from which this ore will come are in production or under development and the infrastructure required to process it is in place. Our investment focus during this quarter and much of FY26 has been towards activities to reliably deliver ±200koz over the longer term. This has included ongoing Resource development drilling to grow gold Reserves to 2Moz and ensuring the supporting infrastructure is right-sized and reliable.  

ASX gold miner’s shares looking cheap

Morgans slightly downgraded their price target on the company, but it is still well above the current level of $6.64.

They said:

We retain our BUY rating on CYL with a price target of $11.33 per share. While we have moderated near-term production assumptions to reflect a slower ramp-up, we continue to view CYL as an attractive mid-cap gold growth story. The pathway to ~200kozpa production, continued Reserve growth toward 2Moz and a debt-free balance sheet provide a strong foundation for long-term value creation. At current levels, we believe the market continues to price in substantial execution risk, providing attractive upside as growth projects advance and operational performance improves.

The post This ASX gold miner could deliver 70% gains, according to Morgans appeared first on The Motley Fool Australia.

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Motley Fool contributor Cameron England has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.