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Fortescue Ltd (ASX:FMG)

ALERT: Price-sensitive ASX Announcement for FMG
Current share price for FMG : $16.270 -1.79 (-9.91%)+
Announcement
Release
20 Aug 2026 8:37AM
Price at Release
$18.060
Full Release
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Summary
Fortescue Metals Group Ltd reported its FY26 full-year results, highlighting a strong performance with a revenue of US$17.0 billion and an underlying net profit after tax of US$3.5 billion. The company shipped 201.3 million tonnes of iron ore and maintained an industry-leading C1 unit cost of US$18.74 per wet metric tonne. The underlying EBITDA was US$8.6 billion, with a margin of 51%. Fortescue emphasized its commitment to sustainability, with significant investments in decarbonization and biodiversity conservation. The company also advanced its diversification strategy by expanding into copper and green energy projects. Dividends for FY26 totaled A$1.08 per share, reflecting a 65% payout ratio. Fortescue maintains a robust balance sheet with US$5.1 billion in cash on hand and a net debt of US$0.9 billion, underscoring its capacity for future growth and shareholder returns.
Key Points
  • Revenue of US$17.0 billion.
  • Underlying net profit after tax of US$3.5 billion.
  • Iron ore shipments totaled 201.3 million tonnes.
  • C1 unit cost of US$18.74 per wet metric tonne.
  • Underlying EBITDA of US$8.6 billion with a 51% margin.
  • Total dividends of A$1.08 per share with a 65% payout ratio.
  • US$5.1 billion in cash on hand and US$0.9 billion net debt.
  • Investments in decarbonization and biodiversity conservation.
  • Expansion into copper and green energy 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.