• Total iron ore shipments of 198.4Mt
• Industry leading hematite C1 cost of US$17.99/wmt
• Net profit after tax of US$3.4bn

Fortescue Ltd reported its FY25 full year results, highlighting strong operational and financial performance. Total iron ore shipments reached 198.4Mt, with an industry leading hematite C1 cost of US$17.99/wmt. The company's revenue was US$15.5bn, with an underlying EBITDA margin of 51% and underlying EBITDA per tonne of US$48/dmt. Net profit after tax was US$3.4bn, with earnings per share of A$1.69. Fortescue maintained a robust balance sheet, with net operating cash flow of US$6.5bn and free cash flow of US$2.6bn. The company declared a fully franked final dividend of A$0.60 per share, resulting in a total FY25 dividend of A$1.10 per share and a payout ratio of 65%. Looking ahead, Fortescue provided FY26 guidance, including total iron ore shipments of 195-205Mt, hematite C1 cost of US$17.50-US$18.50/wmt, and Metals capital expenditure of US$3.3-US$4.0bn. The company also highlighted progress on its decarbonisation initiatives, including the deployment of an electric mining fleet, the construction of a unified power network, and the development of a green metal project in the Pilbara.

Total iron ore shipments of 195-205Mt, hematite C1 cost of US$17.50-US$18.50/wmt, Metals capital expenditure of US$3.3-US$4.0bn (FY26)