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FortressMinerals
OAJ.SG
Fortress Minerals Limited, an investment holding company, engages in the exploration, mining, production, and sale of iron ore concentrates. It holds interest in the Bukit Besi mine located in Terengganu, Malaysia. The company is involved in the acquisition of mines, mining rights, metalliferous land, and quarries; trading of minerals. In addition, it undertakes contracts for drilling and blasting works, other site preparation activities, and mining works.
400.76 M
OAJ.SGMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
B
SteelIndustry
Industry Ranking0/3
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE8.11%B
    • Profit Margin10.36%B
    • Gross Margin45.35%B
  • Growth ScoreB
    • Revenue YoY21.41%A
    • Net Profit YoY-35.59%D
    • Total Assets YoY6.01%B
    • Net Assets YoY7.80%B
  • Cash ScoreB
    • Cash Flow Margin965.12%B
    • OCF YoY21.41%A
  • Operating ScoreB
    • Turnover0.6B
  • Debt ScoreB
    • Gearing Ratio23.40%B

Valuation analysis

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Institutional View & Shareholder

Analyst Ratings

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    News
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    Fortress Minerals reports lower net profit after tax for H1

    Fortress Minerals reported a lower net profit after tax of $8.8 million for H1 2026, a 35.29% decrease year-on-year, despite a 28.2% increase in revenue to $42 million. The rise in revenue was attributed to higher sales volume of 190,066 dry metric tonnes, but was offset by a 2.4% decline in the average selling price to $111.83 per DMT, influenced by weaker iron ore price indices.

    Singapore Business Review·
    SG
    OAJ
    -4.35%
    Singapore Business Review·
    SG
    OAJ
    -4.35%

    Fortress Minerals signs two-year offtake deals with Malaysian steel mill

    Fortress Minerals has signed two 24-month offtake agreements with a Malaysian steel mill, expected to enhance earnings per share for FY2026. The agreements involve the delivery of approximately 1.2 million wet metric tonnes of iron ore from September 2025 to August 2027, with selling prices linked to Platts’ benchmark rates for iron content.

    Singapore Business Review·
    SG
    OAJ
    -4.35%
    Singapore Business Review·
    SG
    OAJ
    -4.35%

    Singapore Shares Tumble After US Fed Keeps Interest Rates; Riverstone Down 9%

    Singapore shares fell on Thursday following the US Federal Reserve's decision to maintain interest rates, with the Straits Times Index closing down 0.4% at 3,848.22. Riverstone's shares dropped nearly 9% due to a decline in profit, while DBS's shares rose slightly despite a 2% drop in net profit. Fortress Minerals saw a nearly 5% increase after acquiring a 10% stake in Strategic Venture for $3 million.

    Trading View·
    SG
    D05
    -0.26%
    US
    DBSDY
    -0.51%
    SG
    OAJ
    -4.35%
    Trading View·
    SG
    D05
    -0.26%
    US
    DBSDY
    -0.51%
    SG
    OAJ
    -4.35%

    Fortress Minerals to Acquire Minority Stake in Strategic Venture; Shares Up 5%

    Fortress Minerals signed a share and purchase agreement with the company's CEO, Sri Ivan Chee Yew Fei, to acquire a 10% stake in Strategic Venture for a cash consideration of $3 million, according to a Wednesday filing with the Singapore Exchange. Strategic Venture is the holding company of Cheroh Mining PNG, which is involved in minerals exploration and mining in Papua New Guinea. Shares of the mining company were up nearly 5% in recent trading.

    Trading View·
    SG
    OAJ
    -4.35%
    Trading View·
    SG
    OAJ
    -4.35%

    Fortress Minerals to Acquire Stake in Norwest Minerals; Shares Down 5%

    Fortress Minerals has agreed to acquire a stake in Norwest Minerals by subscribing to 485,119,510 new shares at AU$0.01 each and 485,119,510 options at AU$0.03 each. Additionally, the company may subscribe for up to 130,000,000 new shares and options if the rights issue is under-subscribed, with a total consideration of up to AU$1.3 million. Following this news, Fortress Minerals' shares fell by over 5%.

    Trading View·
    SG
    OAJ
    -4.35%
    Trading View·
    SG
    OAJ
    -4.35%
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