Develop Global Limited (DVP) Earnings Call Transcripts

Develop Global Limited's Latest Earnings Call - June 9, 2026

In the Q2 2026 earnings call, Develop Global Limited (DVP:AU) announced a final investment decision on two significant Australian resource projects, which are expected to enhance the company's cash flow substantially. The company reported a funding facility of USD 400 million in collaboration with Trafigura, aimed at facilitating project execution and refinancing existing debt. Management highlighted that the combined annual cash flow from the new projects could reach 'several hundreds of millions of dollars', indicating a strong growth trajectory for the company moving forward.

Reported metrics

Guidance from management

Management signaled a strong focus on project execution and cash flow ramp-up, with expectations for first sales of DSO in the December quarter. No specific guidance changes were noted, but the overall sentiment was optimistic about future cash flow generation.

What management said

No. Obviously, CapEx is like I already explained with Hayden. But no, the OpEx is really good, like because obviously, a big chunk of our OpEx is mining services is the underground component. And we know that backwards. We're doing that every day of the week. So no, there's been very little inflation in that other than the obvious things that people are doing, the drill cons are up a bit with tungsten price and poly,...

Yes. Thanks, moderator. And look, thanks again for everyone on the phone. I know analysts that cover us have been great support and our shareholders that are listening. Thank you very much. This is an amazing close out of the first quarter. It's 4 years of heavy lifting by the team. And now all we have to do is execute. But I'm really, really confident we're done. We've got the team to do that. And again, I thank m...

What analysts pressed on

Analysts expressed concerns regarding the increased CapEx for Sulphur Springs and whether this would affect the timeline or scope of the project. There were questions about operational inflation and its impact on overall costs, as well as the execution risk associated with rapid development timelines.

Main topics on the call

• Final Investment Decision on Key Projects — Develop announced the final investment decision on the Sulphur Springs and Pioneer Dome projects, which are expected to significantly boost cash flow. Management stated, 'this announcement sets Develop on a path for rapi...
• Strategic Collaboration with Trafigura — The partnership with Trafigura includes a USD 400 million funding facility and favorable offtake agreements, enhancing Develop's financial stability. Management noted, 'they want to see us grow our business beyond what w...
• CapEx Increase at Sulphur Springs — CapEx for the Sulphur Springs project increased from AUD 350 million to AUD 450 million due to inflation and scope changes. Management indicated, 'there's a bit of inflation escalation like we see that in mining services...
• Pioneer Dome Project Execution — The Pioneer Dome project is set to begin operations with a low CapEx of $40 million, expected to generate $200 million in annual free cash flow. Management emphasized, 'it's not often you can sit there and say that 2 mon...

Read the full Develop Global Limited transcript (June 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 4 Develop Global Limited earnings call transcripts on record, spanning February 17, 2022 to July 27, 2026. The most recent call on file is dated July 27, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

DVP

Exchange

ASX

Country

AU

Sector

Materials

Industry

Metals and Mining

Calls on record

4

First call

February 17, 2022

Most recent

July 27, 2026