Singapore's Fortress Minerals Q2 revenue jumps on higher iron ore volumes

Fortress Minerals

05/10/2026 11:14

Overview
Singapore iron ore miner's Q2 revenue rose 22% yr/yr
Profit for Q2 increased 78% yr/yr
Q2 earnings per share rose 82% yr/yr

Outlook
Company did not provide specific financial guidance for current or future quarters in the press release

Result Drivers
HIGHER IRON ORE VOLUMES – Revenue growth was supported by a 13.5% yr/yr rise in sales volume to 215,772 DMT, driven by higher local and export sales
HIGH-GRADE ORE MIX – Average realised selling price rose 8.5% yr/yr to $93.69/DMT due to a higher proportion of high-grade iron ore sales
SCALE-DRIVEN COST EFFICIENCY – Unit cost of sales fell 9.2% yr/yr to $32.42/WMT, mainly as higher production volumes generated economies-of-scale savings

Company press release: ID:nSN5fMST9

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$20.2 mln
 

Reuters Recommended Reads
Oct 2 - Canada's Trilogy Metals swings to Q3 profit
Oct 2 - Shock absorber maker Taylor Devices' Q1 sales fall

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)