Fenix Delivers Record FY26 Performance with Stronger Growth Outlook
Fenix Resources Ltd (ASX: FEX) has completed FY26 with record operational achievements, shipping 4.4 million wet metric tonnes of iron ore and successfully meeting its upgraded annual production target. The June quarter established a new company record, with 1.3 million tonnes exported across 21 vessels, highlighting improved efficiency throughout its mining, transport and port operations. Strong execution enabled the business to manage higher fuel prices and freight costs while maintaining a healthy cash balance of AU$81.0 million after funding expansion projects, debt reductions and taxation commitments. Looking forward, Fenix expects iron ore sales of between 4.7 million and 5.3 million tonnes in FY27 while maintaining disciplined operating costs. The company is also progressing the Weld Range Project through feasibility studies, supporting its long-term objective of increasing production capacity and strengthening its integrated mining and logistics platform to deliver sustainable operational growth and enhanced shareholder value.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Fenix Delivers Record FY26 Performance with Stronger Growth Outlook
Fenix Resources Ltd (ASX: FEX) has completed FY26 with record operational achievements, shipping 4.4 million wet metric tonnes of iron ore and successfully meeting its upgraded annual production target. The June quarter established a new company record, with 1.3 million tonnes exported across 21 vessels, highlighting improved efficiency throughout its mining, transport and port operations. Strong execution enabled the business to manage higher fuel prices and freight costs while maintaining a healthy cash balance of AU$81.0 million after funding expansion projects, debt reductions and taxation commitments. Looking forward, Fenix expects iron ore sales of between 4.7 million and 5.3 million tonnes in FY27 while maintaining disciplined operating costs. The company is also progressing the Weld Range Project through feasibility studies, supporting its long-term objective of increasing production capacity and strengthening its integrated mining and logistics platform to deliver sustainable operational growth and enhanced shareholder value.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au