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Fortescue Ltd (ASX:FMG)

ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $18.060 -2.14 (-10.59%)+
Announcement
Release
25 Feb 2026 8:18AM
Price at Release
$20.200
Full Release
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Summary
Fortescue Metals Group Ltd reported strong financial results for the first half of FY26, ending 31 December 2025. The company achieved record iron ore shipments of 100.2 million tonnes, a 3% increase compared to H1 FY25, supported by a robust supply chain. The underlying EBITDA increased by 23% to US$4.5 billion, with a margin of 53%. Net profit after tax was US$1.9 billion, with earnings per share at US$0.62. A fully franked interim dividend of A$0.62 per share was declared, representing a 65% payout of H1 FY26 NPAT. The company continued its decarbonisation efforts, notably by deploying battery energy storage systems and electric mobile equipment. Fortescue also progressed with strategic acquisitions, such as the proposed acquisition of Alta Copper's remaining shares, and advanced exploration activities for future projects.
Key Points
  • Record iron ore shipments of 100.2 million tonnes.
  • 23% increase in underlying EBITDA to US$4.5 billion.
  • Net profit after tax of US$1.9 billion.
  • Earnings per share of US$0.62.
  • Declared A$0.62 per share fully franked interim dividend.
  • Continued decarbonisation initiatives.
  • Proposed acquisition of Alta Copper's remaining shares.
  • Advanced exploration for future projects.
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.