Australia · Delayed Price · Currency is AUD Fenix Resources Earnings Call Transcripts
Fiscal Year 2026
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Lowest C1 cash costs in recent quarters and strong iron ore prices drove a higher cash balance, despite weather and fuel challenges. Guidance for FY remains intact, with hedging and operational flexibility mitigating risks.
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Record half-year production and earnings were achieved, with revenue up 125% and NPAT up 419% year-over-year. Cost discipline and a transformational Weld Range agreement underpin a strong outlook, with guidance reaffirmed and expansion to 10 million tonnes progressing.
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Record quarter with 885,000 tons shipped, strong margins, and cash build despite major investments. Guidance for 4–4.4 million tons and AUD 70–80/t costs maintained, with expansion plans on track and key risks centered on haul road approvals.
Fiscal Year 2025
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Production is set to rise to 6 Mtpa by FY28, funded from cash flow and existing facilities, with minimal risk and strong cost control. Expansion to 10 Mtpa is being studied, and infrastructure is in place to support growth. Dividend policy and board renewal remain priorities.
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Transformed into a three-mine, 4 Mtpa producer with record shipments and $316M revenue, offsetting lower iron ore prices. FY 2026 guidance targets 4–4.4 Mt at AUD 70–80/t costs, with continued cost discipline, hedging, and a $0.01/share dividend reflecting strong cash generation.
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Record iron ore shipments and reduced costs drove strong cash flow, with new Beebyn-W11 mine set to boost production to a 4 million-ton annual run rate. Strategic focus remains on Midwest growth, cost control, and robust hedging amid improving iron ore market sentiment.
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Production is ramping up to 4.5 million tons per annum, supported by integrated logistics and port infrastructure. Cash flow is set to increase, with expansion opportunities through Sinosteel partnerships and a focus on maximizing existing resources.
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A unanimously supported all-scrip merger will combine proven operations with substantial Pilbara assets, offering CZR shareholders a 50% premium and future exposure to a diversified, growth-focused portfolio. Integration is expected to deliver significant synergies, with production at Robe Mesa targeted for early 2027.
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Production is on track to triple to 4 million tons by 2025, with strong cash flow and margins supported by cost control and robust iron ore prices. Key growth projects and infrastructure investments are underway, while the dividend policy remains intact.