Fortress Minerals Lifts 2Q Sales Volume, Inks New Offtake Pacts

SGX Filings

Oct 07, 2025

Fortress Minerals Limited (OAJ) said on Oct, 07 2025 that iron-ore sales volume grew 8.6 % year-on-year to 190,066 dry metric tonnes for the quarter ended Aug, 31 2025 (2Q FY2026).

Revenue rose 6.4 % to about 22.4 million Singapore dollars, supported by stronger local sales, although the average realised selling price slipped 2.4 % to US$86.32 per tonne.

Gross profit declined 11.8 % to roughly 12.3 million Singapore dollars, with the margin at 54.9 %. Net profit after tax fell 56.7 % to about 2.7 million Singapore dollars, while EBITDA dropped 42.7 % to around 5.8 million Singapore dollars.

The company secured two new 24-month offtake agreements with a domestic Malaysian steel mill covering up to 1.2 million wet metric tonnes of iron-ore concentrate from Sep, 01 2025 to Aug, 31 2027, bolstering earnings visibility.

Fortress Minerals said construction of a new crushing plant at its Bukit Besi mine is complete and that an integrated processing facility is slated for FY2027. The group added it continues to evaluate opportunities to diversify its mineral portfolio.

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