• Record iron ore shipments of 2.1 million tonnes
• EBITDA of A$48.6m, up 137%
• NPAT of A$9.7m, up 419%

Fenix Resources Ltd (ASX: FEX) has announced the company's financial results for the half year ended 31 December 2025 (H1 FY26). The company achieved record iron ore shipments of 2.1 million tonnes, an increase of 126% from the prior corresponding period. This increase in production drove improved financial results, with EBITDA of A$48.6 million (up 137%), NPAT of A$9.7 million (up 419%), and operating cash flow of A$56.0 million (up 422%). The company's cash position increased to A$78.6 million as at 31 December 2025. Fenix also secured a transformational 30-year Right to Mine Agreement with the world's largest steel producer, Baowu, for the 290Mt Weld Range Iron Ore Project, which provides a pathway to 10Mtpa production and mine life extension to 2042. The company's integrated pit-to-port business model and successful execution of its multi-mine growth strategy have positioned Fenix for continued substantial growth and long-term shareholder value creation.

Fenix's FY26 guidance remains unchanged, targeting total iron ore sales of 4.2 to 4.8Mt at a C1 cash cost of between $70/wmt and $80/wmt FOB Geraldton. The company has also provided guidance for FY27 and FY28, targeting total iron ore sales of 4.7 to 5.3Mt and 5.4Mt to 6.0Mt respectively.

Fenix is executing a clear growth strategy that leverages its integrated business model to deliver value through production growth, cost reduction, and mine life extension. The three-mine platform provides immediate cash generation, the 3-Year Plan provides visibility to 6Mtpa by FY28, and the Weld Range Scoping Study establishes the pathway to 10Mtpa and mine life to 2042.