Highlights

  • Fenix shipped a record 1.241 million wmt of iron ore during the December quarter across 21 vessels.
  • Cash at bank increased to AUD 78.9 million, up AUD 21.2 million over the quarter.
  • FY26 iron ore sales guidance of 4.2Mt to 4.8Mt was reconfirmed.

 

Fenix Resources Ltd (ASX:FEX) reported record iron ore shipments for the December 2025 quarter, delivering its first one-million-tonne production period. The increase in shipments contributed to a higher cash balance, while the company reconfirmed its full-year FY26 sales guidance.

Record December Quarter Shipments

During the December quarter, Fenix shipped 1.241 million wet metric tonnes (wmt) of iron ore across 21 vessels, marking the highest quarterly shipment volume in the company’s history. This was also the first quarter in which Fenix exceeded one million tonnes of shipments.

The quarterly outcome translates to an annualised production rate of approximately 4.9 million tonnes per annum, supported by mining, haulage, and port activities across the company’s Mid-West Western Australia operations.

Fenix attributed the increased shipment volume to mining output across its iron ore assets, haulage through its wholly owned Newhaul Road Logistics business, and port handling via Newhaul Port Logistics facilities at the Geraldton Port.

Cash Balance Increases to AUD 79m

As at 31 December 2025, Fenix reported AUD 78.9 million in cash at bank, up AUD 21.2 million from AUD 57.7 million at the end of the September 2025 quarter. The increase was recorded after accounting for capital expenditure, debt repayments, and taxation costs during the period.

The cash build followed higher shipment volumes delivered during the quarter, alongside prevailing iron ore pricing conditions. Fenix confirmed that the December quarter shipments were a key contributor to the improved cash position.

FY26 Guidance Reconfirmed

Fenix reconfirmed its upgraded FY26 iron ore sales guidance of 4.2 million tonnes to 4.8 million tonnes, previously announced on 11 December 2025.

Total shipments for the first half of FY26 reached 2.127 million wmt, positioning the company within range of its full-year target, subject to market conditions and operational continuity.

Upcoming Quarterly Report and Investor Update

The company advised that its December 2025 Quarterly Activities Report will be released in the second half of January 2026. An investor webinar is scheduled to follow the report’s release, providing further details on operational and financial performance.

Market Update

Fenix Resources shares were trading at AUD 0.50 on 5 January, up AUD 0.020 or 4.17% for the day. Over the past 12 months, the share price remains 85.19% higher.