Fortescue Ltd (ASX: FMG) - Financials
Current share price for FMG : $17.410 0.29 (1.64%)+
Fortescue Ltd (FMG) is an ASX-listed company and is held by a number of exchange traded funds (ETFs). It is involved in exploration, development, production, processing and sale of iron ore, and the transition to become a green technology, energy and metals company.
FMG Per Share
| Year to Jun | Sales | Cashflow | Earnings | Dividends | Franking | Book Value | Average Annual P/E |
Relative P/E | Shareholder Return |
|---|---|---|---|---|---|---|---|---|---|
| 2026 | $7.95 | 322.8 ¢ | 171 ¢ | 157.2 ¢ | 100% | $9.59 | 11.82 | 67.5% | 33.3% |
| 2025 | $7.66 | 321.4 ¢ | 167.5 ¢ | 110 ¢ | 100% | $9.91 | 10.7 | 76.7% | -23.3% |
| 2024 | $8.87 | 387.9 ¢ | 278.4 ¢ | 200.5 ¢ | 100% | $9.59 | 8.73 | 63.1% | 5.3% |
FMG Capital Structure
| Total Debt | Interest | Long Term Debt | Percent Debt | Preferred Stock | Share Equity | Percent Equity |
|---|---|---|---|---|---|---|
| $8,634,445 | $503,712 | $8,025,914 | 21% | $0.00 | $29,528,316 | 79% |
Note: All dollars in thousands ('000) for the table above
FMG Historical Financials
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Revenue ($M) | 24,508.7 | 23,542 | 27,338.5 |
| Operating Margin (%) | 48.3 | 49.9 | 58.6 |
| Depreciation ($M) | -4,021 | -3,826 | -3,236.7 |
| Amortisation ($M) | -160 | ||
| Net Profit Before Abs ($M) | 5,270.1 | 5,149.6 | 8,579.4 |
| Net Profit After Abs ($M) | 4,178.2 | 5,149.6 | 8,579.4 |
| Income Tax Rate (%) | 34.1 | 32.6 | 31.8 |
| Net Profit Margin (%) | 21.5 | 21.9 | 31.4 |
| Employees ($T) | |||
| Long Term Debt ($M) | 8,025.9 | 7,967.9 | 7,862.3 |
| Shareholders Equity ($M) | 29,528.3 | 30,509.9 | 29,516.9 |
| Return on Capital (%) | 15 | 14 | 24 |
| Return on Equity (%) | 17.8 | 16.9 | 29.1 |
| Payout Ratio (%) | 92 | 66 | 72 |
FMG Cashflow
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Customer Receipts ($M) | 24,785 | 23,881 | 27,689 |
| Net Operating Cashflow ($M) | 9,952 | 9,884 | 11,955 |
| Net Investing Cashflow ($M) | -5,288 | -5,983 | -4,244 |
| Net Financing Cashflow ($M) | -3,669 | -4,864 | -6,741 |
FMG Market & Earnings
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Market Cap ($M) | 58,962 | 47,047 | 65,921 |
| Net Gearing (%) | 4.2 | 5.6 | 2.5 |
| Net Interest Cover (%) | 31.6 | 26.3 | 50.4 |
| Dividend Yield (%) | 5.6 | 7.2 | 9.2 |
| NTA Per Share ($) | 9.26 | 9.65 | 9.4 |
| EBITDA ($M) | 11,829 | 11,745 | 16,021 |
| EBIT ($M) | 7,647 | 7,919 | 12,784 |
| EBT Before Abs ($M) | 7,406 | 7,618 | 12,530 |
FMG Balance Sheet
| 2026 | 2025 | 2024 | |
|---|---|---|---|
| Cash ($M) | 7,387 | 6,608 | 7,402 |
| Debtors ($M) | 416.4 | 575.6 | 647.6 |
| Other Debtors ($M) | 445.5 | 242.7 | 339.7 |
| Prepayments ($M) | 184.9 | ||
| Inventories ($M) | 2,696 | 2,456 | 2,305 |
| Current Investments ($M) | |||
| Other Current Assets ($M) | 116.5 | 222.9 | 122.3 |
| Total Current Assets ($M) | 11,246 | 10,105 | 10,817 |
| Receivables ($M) | 34.9 | 12.2 | 27.2 |
| Inventories ($M) | 506.6 | 468.7 | 516.3 |
| Property, Plant & Equipment ($M) | 62,613 | 60,991 | 56,101 |
| Accumulated Depreciation ($M) | -32,631 | -28,856 | -24,810 |
| Intangibles ex. Goodwill ($M) | 725 | 493.1 | 291.4 |
| Goodwill ($M) | 283.9 | 297.7 | 294.4 |
| Future Income Tax Benefit ($M) | |||
| Non-Current Investments ($M) | 285.3 | 435.1 | 549.5 |
| Other Non-Current Assets ($M) | 2,909 | 2,641 | 1,594 |
| Total Non-Current Assets ($M) | 34,727 | 36,482 | 34,564 |
| Total Assets ($M) | 45,973 | 46,588 | 45,380 |
| Accounts Payable ($M) | 2,679 | 2,435 | 2,509 |
| Provisions ($M) | 1,393 | 1,279 | 1,158 |
| Short Term Debt ($M) | 608.5 | 335.9 | 289.9 |
| Other Current Liabilities ($M) | 171.8 | 114.5 | 98.1 |
| Total Current Liabilities ($M) | 4,852 | 4,165 | 4,055 |
| Creditors ($M) | 126.8 | ||
| Long Term Debt ($M) | 8,026 | 7,968 | 7,862 |
| Provisions ($M) | 3,596 | 3,863 | 3,851 |
| Other Non-Current Liabilities ($M) | 26.2 | 125.2 | |
| Total Non-Current Liabilities ($M) | 11,648 | 11,956 | 11,840 |
| Total Liabilities ($M) | 16,500 | 16,121 | 15,895 |
| Share Capital ($M) | 1,614 | 1,660 | 1,626 |
| Reserves ex. Share Premium ($M) | 23.3 | 94.7 | 264.2 |
| Share Premium Reserve ($M) | |||
| Retained Profits ($M) | 27,891 | 28,756 | 27,627 |
| Other Shareholders Equity ($M) | |||
| Convertible Equity ($M) | |||
| Outside Equity Interest ($M) | -55.3 | -42.7 | -31.7 |
| Total Shareholders Equity ($M) | 29,473 | 30,467 | 29,485 |
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