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)

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia