• Record iron ore shipments of 198.4 million tonnes
• Installed 7 electric excavators and 1 electric drill at Pilbara operations
• Commissioned 100MW solar farm supplying ~25% of Iron Bridge's power
• Hematite C1 cost of US$17.99/wet metric tonne

Fortescue Ltd has released its FY25 Annual Report, showcasing a year of operational excellence, significant progress on decarbonization, and a clear focus on keeping employees safe. The company shipped a record 198.4 million tonnes of iron ore despite facing major challenges like severe weather, demonstrating the resilience of its supply chain and the dedication of its operations team. Fortescue's Hematite C1 cost of US$17.99/wet metric tonne underscores its commitment to operational excellence. The company is not only delivering results today but also setting itself up for the future by leading the green industrial revolution. Fortescue is tuning off diesel, replacing it with renewable energy and green technology across its Australian iron ore operations. It has seven electric excavators in operation and its first electric drill is up and running. The company is also building the backbone of its renewable energy future with 460km of high voltage transmission lines constructed to date. Fortescue's Green Metal Project at Christmas Creek marks a major step forward in its ambition to produce green metal commercially in Western Australia. The company remains confident in the long-term opportunity in green hydrogen and is building the capability and technology to be ready to lead when demand scales. Fortescue is in excellent shape, strong, agile and future-focused, with a talented and diverse Board committed to enhancing and protecting the interests of shareholders and other stakeholders.

Fortescue reported a 15% decrease in revenue from ordinary activities to US$15,541 million and a 41% decrease in net profit after tax attributable to members to US$3,373 million for the financial year ended 30 June 2025.

Fortescue is laser-focused on leveraging its innovations to ensure operational excellence and continues to push for solutions and growth in a disciplined manner. The company sees green iron as key to ensuring the Pilbara region remains globally competitive for generations to come and is investing with conviction in its Green Metal Project at Christmas Creek.