FEX Analysis: Fenix Reaffirms Iron Ore Production Guidance and Financial Outlook

Event: Fenix Reaffirms Iron Ore Production Guidance and Financial Outlook | Date: 2025-12-23 | Source: Fenix Resources ASX Announcements

Fenix Shares Surge on Reaffirmed Production Guidance Amid Positive Market Sentiment

On December 23, 2025, Fenix Resources released its latest ASX update, reaffirming iron ore production guidance for FY26 at 4.2 million tonnes (Mt) wet metric tonnes (wmt), in line with the company's 3-Year Plan. The announcement highlighted progress on the Weld Range project, with production expected to ramp up to 6Mt by FY28 and 10Mt by FY31, supported by a realized iron ore price assumption of A$120/wmt. Key financial metrics included FY26 revenue guidance of A$554m (75% YoY growth from FY25 A$316m) and EBITDA of A$76m (14% margin). The update also noted strong market conditions in the Mid-West region, with third-party logistics revenue projected at A$113m for FY26. This announcement coincided with Fenix shares storming higher, as reported in market commentary, reflecting investor optimism on the company's execution trajectory. (Source: Fenix Resources ASX Announcements)