Fenix Resources, a fully integrated mining, logistics, and port services company in Western Australia, shipped a record 1.2 million wet metric tons of iron ore in the December 2025 quarter. This resulted in a $21 million net cash build to $79 million on hand after accounting for capex, debt, and tax. The record quarter equates to an annualized production run-rate of approximately 4.9 million tons per annum.

The strong performance was driven by optimized mining and more efficient operations via its subsidiary, Newhaul. 

Fenix has reconfirmed its sales guidance of 4.2 to 4.8 million tons for the fiscal year 2026.