Gina Rinehart received a 25 percent reduction in dividends from her core Roy Hill iron ore operations as profits at Hancock Prospecting, the mining conglomerate she controls, fell to their lowest level in seven years. According to financial results filed with corporate regulators, Rinehart was paid $1.06 billion in dividends from Roy Hill during the 2025-26 fiscal year, down from $1.4 billion the previous year and significantly lower than the $2.8 billion dividend she took in 2024.

This decline was partly offset by a sharp increase in dividends from Atlas Iron, another of Rinehart’s mining assets, which rose to $1.11 billion from $180 million in the prior year. Collectively, Atlas Iron and Roy Hill paid Hancock Prospecting $2.6 billion in dividends over the year.

During the period, Hancock Prospecting trimmed its workforce by around 8 percent to 4,700 employees in an effort to extend the operational life of its mines amid challenging market conditions. In June, the company commenced mining at the McPhee Creek site, part of a strategy to extend the lifespan of the Roy Hill project by more than a decade.

Hancock Prospecting reported a net profit after tax of $2.8 billion, reflecting a nearly 10 percent decline from the previous financial year and marking its lowest profit since 2019, when it posted $2.6 billion. Revenue was marginally higher, increasing by 1 percent to $11.7 billion.

In July of last year, Hancock Prospecting consolidated its Roy Hill and Atlas Iron divisions under a single brand, Hancock Iron Ore. The group’s Pilbara operations encompass four mines—Roy Hill, Sanjiv Ridge, Mount Webber, and Miralga—which produced a combined total of 71.5 million tonnes of iron ore during the year. Additionally, Hancock holds a 50 percent interest in the Hope Downs joint venture with Rio Tinto, yielding 36.5 million tonnes. Combined production of 89.75 million tonnes was slightly below the prior year's output of 91 million tonnes.

Rinehart emphasized the significance of bringing McPhee into production, noting that the new mine would help maintain Roy Hill’s status as a reliable long-term supplier of iron ore, while continuing to provide well-paying jobs. Roy Hill is 70 percent owned by Hancock Prospecting, with remainder stakes held by Japan’s Marubeni, South Korea’s POSCO, and Taiwan’s CSC.

Beyond mining, Hancock’s investment portfolio expanded significantly, increasing in value from $3.5 billion to $5.2 billion, boosted in part by a stake in SpaceX. The company’s broader assets include holdings in oil and gas, rare earth minerals, lithium, and agriculture. As of June 30, Hancock held $17.1 billion in cash and term deposits.

Hancock Prospecting is primarily owned by Rinehart, while her four children own minority stakes through the Hope Margaret Hancock Trust. A long-standing family dispute has frozen approximately $6.5 billion in dividends, involving Rinehart’s eldest children, John Hancock and Bianca Rinehart.

During the year, Gina Rinehart also secured a legal victory affirming her ownership of Hancock’s mining operations, though she was ordered to pay substantial royalties to rival companies. That decision is currently under appeal.

Separately, Rinehart remains engaged in a dispute with the City of Perth over the council’s rejection of plans to install a helipad on the roof of her new $250 million headquarters. Legal representatives for Rinehart have characterized concerns about noise as akin to "boiling an electric kettle."