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Fortescue Ltd (ASX:FMG)

ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $18.450 -1.75 (-8.66%)+
Announcement
Release
25 Feb 2026 8:18AM
Price at Release
$20.200
Full Release
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Summary
Fortescue Ltd's FY26 Half Year Financial Report and Appendix 4D highlight significant progress in both financial performance and strategic initiatives. For the half year ending 31 December 2025, Fortescue reported a 10% increase in revenue and a 23% rise in net profit after tax. The company continues to focus on decarbonization efforts, aiming to achieve its Real Zero Target by deploying renewable energy solutions and electrifying its mining operations. It has formed global partnerships with key technology providers and received significant funding to support ongoing renewable energy projects. The report also outlines Fortescue's expansion into green technology and minerals, with significant advancements in the Green Metal Project and exploration efforts in Gabon. Financially, Fortescue maintains strong liquidity with a net debt of US$1,013 million and a gearing ratio of 22%.
Key Points
  • Revenue increased by 10% to US$8,439 million.
  • Net profit after tax rose by 23% to US$1,914 million.
  • Significant progress towards achieving the Real Zero Target.
  • Global partnerships established with major technology companies for energy solutions.
  • Expansion of renewables including solar and wind projects at various sites.
  • Ongoing development of the Green Metal Project in Pilbara.
  • Exploration activities advanced in Gabon's Belinga Project.
  • Strong liquidity and capital management with a net debt of US$1,013 million.
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.