The full year results have revenue up 11% to $871.1 million compared to the previous year, helped by a rising iron ore price.
Net operating cash flow jumped 394.5% to $153.8 million.
The debt reduction strategy continues, with the Term Loan B down 43% to $103 million.
Iron ore shipments fell 0.7% to 14.4 million tonnes, as additional production at Mt Webber replaced product from Wodgina which closed.
The C1 cash cost increased 2.9% to $35 per tonne, which Atlas said increased due to increased haulage costs from Mt Webber.
- Underlying cash gross margin up 56% to $152.7 million;
- Underlying EBITDA up 56% to $116.3 million
- Underlying profit increased to $88.5 million (2016 ($57.7 million)); and
- Statutory Profit increased to $207 million (2016: ($159 million)).