Net cash flow from operating activities for FY2026 was up 44.1% y-o-y to US$19.1 million with cash and equivalents increasing from $8.9 million to US$14.6 during the period. Net asset value per share increased to 18.49 US cents as at Feb 28, 2026, compared to 15.2 US cents as at Feb 28, 2025.
For FY2026 ended Feb 28, miner Fortress Minerals has reported earnings of US$9.8 ($12.5) million, representing a y-o-y increase of 64.7%, with earnings per share increasing by 50.8% y-o-y to 1.87 US cents.
Revenue rose 14.2% y-o-y to a record US$64.3 million on the back of a 14.5% y-o-y increase in sales volume to 724.4k dry metric tonnes, also a record high. Gross profit, at $37.3 million was higher y-o-y by 11.8%, while gross margin remained “robust” at 58.1%, a slight decrease from the previous 59.3%.
