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Fenix Resources posts $589.7M FY26 revenue
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Fenix Resources posts $589.7M FY26 revenue

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  • Fenix Resources recorded full-year revenue of $589.7 million and shipped 4.4 million tonnes of iron ore.
  • Net profit after tax increased 128% to $12.3 million, while the board declared a fully franked dividend of 1 cent per share.
  • The company set fiscal year 2027 sales targets of 4.7 to 5.3 million tonnes to maintain its three-year production growth plan.

Fenix Resources (ASX:FEX) delivered record production for the full year ended June 30, driving revenue up 87% to $589.7 million.

The figures compare with fiscal year 2025 revenue of $316.1 million and net profit after tax of $5.4 million.

The board declared a final fully franked dividend of 1 cent per share.

The business generated $95.9 million in operating cash flow while holding $81 million in bank cash and securing a 30-year right-to-mine agreement for the 290-million-tonne Weld Range Iron Ore Project.

Looking ahead, Fenix Resources targets total iron ore sales between 4.7 million and 5.3 million tonnes for fiscal year 2027.

Following the announcement, the Fenix Resources share price was up at $0.28.

During the financial year, the miner hauled 4.42 million tonnes of ore and shipped 4.4 million tonnes across 73 vessels.

The company also expanded its protection strategy by hedging 720,000 tonnes of iron ore at $151.22 per tonne through to June 2027.

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