ASX:FEXMetals and Mining
Fenix Resources (ASX:FEX) Shares Confront Strong Sales And Fragile Margins
Fenix Resources stock has crept higher in recent weeks, yet today’s reaction is focused on whether the market trusts a very thin profit line. The headline is simple. Iron ore revenue held near A$295 million in the second half of FY 2026, but net income was only A$2.7 million, which translates into a low single digit margin for a bulk commodity producer.
Investors are effectively voting on that margin squeeze. The share price, sitting around A$0.29, now reflects a business with strong top line...