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The latest announcement is out from Fenix Resources Limited ( (AU:FEX) ).
Fenix Resources Ltd reported a sharp turnaround in its half-year results to 31 December 2025, with revenue from continuing operations jumping 125% to $294.2 million compared with the prior corresponding period. Net profit attributable to owners surged 419% to $9.7 million, reflecting significantly improved operating performance and stronger market conditions.
The miner’s net tangible assets rose to $158.0 million, with net tangible assets per share edging up to $0.21 from $0.20 a year earlier, underscoring a modest strengthening of its balance sheet. The board reaffirmed its existing dividend policy, stressing its commitment to maintaining a robust financial position and rewarding shareholders when full-year profitability and funding needs allow, while confirming there were no changes in group control during the period.
The most recent analyst rating on (AU:FEX) stock is a Hold with a A$0.40 price target. To see the full list of analyst forecasts on Fenix Resources Limited stock, see the AU:FEX Stock Forecast page.
More about Fenix Resources Limited
Fenix Resources Ltd is an Australian iron ore producer focused on the mining, processing, and export of high-grade iron ore. The company operates in the resources sector, targeting demand from steelmakers and industrial customers, and emphasizes maintaining a strong balance sheet to support current operations and future growth while considering shareholder returns through dividends when appropriate.
Average Trading Volume: 1,253,860
Technical Sentiment Signal: Buy
Current Market Cap: A$316.6M
For detailed information about FEX stock, go to TipRanks’ Stock Analysis page.