Gina Rinehart~|~|nTjoq833T8
BREAKING NEWS: Hancock Prospecting, led by Gina Rinehart, has reported a surge in net asset value to $43.5 billion as of June 30, 2025, marking an increase of $3 billion compared to the previous year. However, the company’s dividends have sharply fallen to $488 million, continuing a downward trend that began in 2021.
This dramatic shift is raising eyebrows across the investment community as Australia’s richest person sees less cash flow despite the impressive growth in asset value. The decline in dividends is particularly striking, having plummeted from $1.2 billion in 2021.
Hancock’s financial report reveals that while its investments in rare earth producers Lynas Rare Earths and MP Materials have surged in value, neither company currently pays dividends. This trend extends to Hancock’s expanding portfolio in critical minerals, including Liontown Resources and Vulcan Energy.
In addition to its mineral investments, Hancock has made significant moves in the energy sector, including a massive $1.1 billion investment last October for key oil and gas exploration permits in the Perth Basin.
Beyond minerals and energy, Hancock boasts a diverse property portfolio in Perth and Brisbane, along with agricultural interests focused on beef and dairy. The company also owns popular apparel brands including Driza-Bone, Rossi Boots, and Kidman.
“Under the dedicated leadership of Mrs. Rinehart, Hancock has become the most successful private company in Australia’s history. Our staff are rightly proud of being part of this very successful company,” stated Hancock executive director Tad Watroba.
Despite the increase in asset diversification, Hancock is experiencing a decline in profits from its main iron ore holdings. The renowned Roy Hill mine generated a profit of $1.8 billion in the 2025 financial year, a significant drop from a record $3.2 billion the previous year. Similarly, Atlas Iron reported a net profit of $260 million for FY2025, down from $440 million.
In a strategic move to consolidate operations, Mrs. Rinehart announced plans to merge her Roy Hill and Atlas holdings into a single entity named Hancock Iron Ore.
This latest development in Hancock’s financial strategy has caught the attention of investors and analysts alike, as the company navigates through evolving market conditions. The implications of these changes are expected to be significant, not only for Hancock but for the broader mining and energy sectors in Australia.
As the situation unfolds, stakeholders and market watchers will be keenly observing Hancock’s next steps and their potential impacts on the evolving landscape of Australia’s resource sector.
