Fortress Minerals reports lower net profit after tax for H1

This is despite a higher revenue for the period.

Fortress Minerals has reported a lower net profit after tax of $8.8m (US$6.8m) for the first half of the financial year 2026, down 35.29% year on year.

However, the group’s revenue for the period was 28.2% YoY higher at $42m (US$32.4m), driven by higher sales volume, which increased to 190,066 dry metric tonnes (DMT).

This increase was offset by the lower average realised selling price, which was 2.4% lower YoY at $111.83 (US$86.32) per DMT for the second quarter of the financial year.

It was due to the weaker average benchmark IODEX CFR North China of Platts Daily Iron Ore Assessments price indices.

($1=US$0.77)

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