Fenix Resources (ASX:FEX) has released its financial results for the half-year ended Dec. 31, 2025, reporting record levels of production and earnings.
The company achieved iron ore shipments of 2.1 million tonnes, representing a 126% increase compared to the 0.9Mt shipped during the same period in the previous year.
The operational growth contributed to a significant rise in financial performance across several key metrics.
For the reporting period, Fenix recorded an EBITDA of $48.6 million, up 137% from $20.5 million in H1 FY25.
Net profit after tax rose to $9.7 million, a 419% increase from the previous year's $1.9 million.
Cash flow from operations also saw substantial growth, reaching $56 million, compared to $10.7 million in the prior corresponding period.
As of Dec. 31, 2025, the company maintained a cash position of $78.6 million, up from $56.8 million in June 2025.
Strategic developments during the half-year included the securing of a 30-year right to mine agreement with Baowu for the 290Mt Weld Range Iron Ore Project.
Looking forward, Fenix has updated its FY26 guidance to target total iron ore sales between 4.2 and 4.8Mt.
The company's long-term growth strategy aims to ramp up production to 6 million tonnes per annum by 2028, with further potential to reach 10mpta and extend the mine life to 2042.
Executive Chairman John Welborn noted that the results reflect the company’s transition into a multi-mine producer.