Fortress Minerals' Attributable Profit Declines 55% in Fiscal Q2; Shares Down Over 4%

MT Newswires

2025/10/07

Fortress Minerals' (SGX:OAJ) attributable profit to owners declined by 55% during the fiscal second quarter ended Aug. 31 to $2.0 million from $4.5 million a year earlier, according to a Tuesday filing with the Singapore Exchange.

Earnings per share dropped to $0.0038 compared with $0.0085 in the comparable period.

Revenue rose 6.4% year over year to $16.5 million from $15.5 million.

Demand for the company's iron ore concentrate from regional steel mills remains strong despite the broader tariff overhang.

Shares of the company were down over 4% at the close of trading on Tuesday.

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