Gina Rinehart’s Atlas Iron posted a net profit of $260 million for the 2025 financial year “despite major production interruptions” caused by cyclone Zelia.

The bottom line result marked a 41 per cent year-on-year decrease, which the Hancock Iron Ore subsidiary stated was “heavily influenced” by a fall in the market price for iron ore.

The average realised price for the iron ore produced by Atlas from the Mt Webber, Sanjiv Ridge and Miralga mines decreased by 18 per cent to $US85 per dry metric tonne.

“Despite the impact of production downtime caused by severe tropical cyclone Zelia, maximum shipment allocation through Utah Point of 10 million tonnes was maintained.”

Cyclone Zelia tore through the Pilbara in February, which led to big production disruptions for Mineral Resources and Ri

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