Appendix 4D

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Stock Fortescue Ltd (FMG.ASX)
Release Time 20 Feb 2025, 8:17 a.m.
Price Sensitive Yes
 Fortescue Ltd reports half-year results
Key Points
  • Revenue from ordinary activities decreased 20% to US$7,638 million
  • Profit from ordinary activities after tax attributable to members decreased 53% to US$1,553 million
  • Interim dividend of A$0.50 per share, fully franked
Full Summary

Fortescue Ltd has released its Appendix 4D for the half-year ended 31 December 2024. The company reported a 20% decrease in revenue from ordinary activities to US$7,638 million, and a 53% decrease in profit from ordinary activities after tax attributable to members to US$1,553 million. The company has declared an interim dividend of A$0.50 per share, fully franked, with an ex-dividend date of 26 February 2025, a record date of 27 February 2025, and a payment date of 27 March 2025. The company operates a Dividend Reinvestment Plan, which allows eligible shareholders to invest their dividends in ordinary shares. The allocation price for shares under the Plan will be calculated as the average of the daily volume weighted average market price of all Fortescue shares traded on the Australian Securities Exchange during the period of five trading days commencing on 3 March 2025. The company's net tangible asset backing per ordinary share was US$6.11, compared to US$6.20 in the previous corresponding period.