Fortress Minerals Limited (SG:OAJ) has released an update.
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Fortress Minerals Limited experienced a decline in revenue by 26.2% to $9.8 million in 1Q FY2025 due to lower sales and prices, despite a notable increase in gross profit margin to 72.9% from improved production volume. The company also reported a slight decrease in EBITDA but saw a significant rise in net cash flow from operating activities to $6.3 million. Additionally, the Group has secured new offtake agreements aimed at leveraging their enhanced production to boost shareholder value.
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