It is often stated that there is an energy efficiency difference between optimum energy use and actual energy use in the world. In the construction industry, various building materials are produced and used to optimize energy efficiency in buildings. Among these building materials, inorganic bonded fibrous composite boards, whose energy efficiency criteria have begun to be improved, are widely used both in Türkiye and in the world. This article presents an experimental analysis of the utilization of modified expanded perlite and pumice as key constituents in the development of inorganic bonded fibrous composite boards. The study investigates the influence of these modified porous materials on the physical, mechanical, and thermal properties of the composite boards. For this purpose; composite mortars were produced using micronized quartz sand, a hybrid fiber consisting of cellulose and glass fiber, modified expanded perlite (MEP) with stearic acid (1, 2, 3, 4, 5, 6, 7, 8, 9 wt.%) and modified pumice (MPU) with stearic acid (1, 2, 3, 4, 5, 6, 7, 8, 9 wt.%). In order to make a comparison, a control mortar that did not contain modified expanded perlite and modified pumice was produced. Through a series of experiments, it is concluded that the density values of all other mixture designs with MEP and MPU aggregate additives under equivalent conditions are lower than the control sample. The water absorption values of the samples always remained below the control sample, and with the increase in the MPU ratio and decrease in the MEP ratio, the water absorption values of the samples also decreased. The average modulus of rupture (MOR) value of control sample in the analysis made after 14 days of curing under ambient conditions is 3.73 MPa. The highest MOR value of the test samples is 3.51 MPa, which is the mixture using the highest MPU. The thermal conductivity value of the control mixture is 0.352 W/mK. The thermal conductivity value of test mixtures with MEP and MPU aggregates varies between 0.175 W/mK and 0.287 W/mK.