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Fortescue Ltd (ASX:FMG)

ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $18.090 -2.11 (-10.45%)+
Announcement
Release
25 Feb 2026 8:18AM
Price at Release
$20.200
Full Release
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Summary
Fortescue Ltd reported strong financial and operational results for the first half of FY26. The company achieved record first half iron ore shipments of 100.2 million tonnes and maintained an industry-leading Hematite C1 unit cost of US$18.64 per wet metric tonne. Financially, Fortescue recorded a revenue of US$8.4 billion with an underlying EBITDA of US$4.5 billion and a net profit after tax of US$1.9 billion. The company continues to focus on safety, delivering a Leading Safety Index score of 160, and remains committed to sustainability, aiming for zero carbon emissions from its Australian operations by 2030 without using voluntary carbon offsets. Fortescue also outlined its diversification and growth strategy, emphasizing renewable energy projects and partnerships in metals and technology. A dividend payout ratio of 65% of NPAT was announced, reflecting strong shareholder returns.
Key Points
  • Record first half iron ore shipments of 100.2 million tonnes
  • Industry-leading Hematite C1 unit cost of US$18.64/wmt
  • Revenue totaled US$8.4 billion
  • Underlying EBITDA was US$4.5 billion
  • Net profit after tax reached US$1.9 billion
  • Leading Safety Index score of 160
  • Committed to zero carbon emissions from Australian operations by 2030
  • Dividend payout ratio of 65% of NPAT
  • Strong focus on renewable energy and technological advancements
  • Diversification into metals and technology sectors
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.