FENIX RESOURCES LTD — Earnings Release 2023

Aug 28, 2023

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FENIX RESOURCES LIMITED ABN 68 125 323 622

APPENDIX 4E

FOR THE YEAR ENDED 30 JUNE 2023

APPENDIX 4E FOR THE YEAR ENDED 30 JUNE 2023

Details of the reporting period and the previous corresponding period

Current period:	1 July 2022 to 30 June 2023
Prior corresponding period:	1 July 2021 to 30 June 2022

Results for announcement to market

	30 June 2023	30 June 2022	Change
Key information	$	$	%
Revenue from continuing operations	196,849,504	249,168,360	Down 21%
Profit after income tax expense from continuingoperations attributable to owners	29,253,182	50,694,454	Down 42%
Net profit attributable to owners	29,253,182	50,694,454	Down 42%

Details of dividends

On 31 July 2023, the Company updated its dividend policy to provide that “Fenix will consider the declaration of a dividend on an annual basis based on the full financial year profitability of the Company and with regard to the future funding requirements of the business and the availability of franking credits.”

In accordance with this policy, Fenix has declared a final dividend of 2 cents per share for the financial year ended 30 June 2023 (30 June 2022: 5.25c) equating to a total dividend payment of approximately $13.9 million (30 June 2022: $28.4m). The record date is 4 September 2023 and the payment date is 15 September 2023.

Dividend reinvestment plan

Fenix does not have a dividend reinvestment plan.

Net tangible assets per ordinary share

	30 June 2023	30 June 2022
	$	$
Net assets	124,837,216	108,221,265
Less:
-Intangible assets	26,874,368	-
-Investment in joint ventures	11,977	5,696,320
Net tangible assets	97,950,871	102,524,945
Ordinary shares	634,161,920	516,213,920
Net tangible assets per security	0.15	0.20

FENIX RESOURCES LIMITED

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APPENDIX 4E FOR THE YEAR ENDED 30 JUNE 2023

Other disclosure requirements

The document has been prepared in accordance with ASX listing rule 4.3A, Australian Accounting Standards, other authoritative pronouncements of the Australian Accounting Standards Board, Australian Accounting Group Interpretations and the Corporations Act 2001 . The document is presented in Australian dollars and has been prepared on the basis of historical costs except in accordance with relevant accounting policies where assets and liabilities are stated at their values in accordance with relevant accounting policies. The accounting policies adopted in this report are the same as those disclosed in the annual financial report for the year ended 30 June 2023.

The accounting policies adopted in this report have been consistently applied by each entity in the Consolidated Entity and are consistent with the those of the previous year.

This document should be read in conjunction with the Annual Report for the year ended 30 June 2023 as lodged with ASX on 29 August 2023 and any public announcements made in the period by the Group in accordance with the continuous disclosure requirements of the Corporations Act 2001 and ASX Listing Rules. The Annual Report for the year ended 30 June 2023 covers Fenix Resources Limited and its controlled entities, and is based on separately lodged consolidated financial statements and financial report which has been audited by Grant Thornton Audit Pty Ltd.

Cross reference index for other disclosures included in 2023 Annual Report	Page
Review of Operations	3
Consolidated Statement of Profit or Loss and Other Comprehensive Income	24
Consolidated Statement of Financial Position	25
Consolidated Statement of Changes in Equity	26
Consolidated Statement of Cash Flows	27
Notes to the Consolidated Financial Statements	28
Segment Information	33
Interest in Joint Venture	45
Earnings Per Share	60
Interest in Other Entities	62
Independent Auditor’s Report	78

Signed in accordance with a resolution of the directors

John Welborn Chairman

Perth 28 August 2023

FENIX RESOURCES LIMITED

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