• Achieved record first quarter shipments of 49.7Mt, up 4% on prior year
• Hematite C1 unit cost of US$18.17/wmt, 10% lower than Q1 FY25
• Announced new global decarbonisation partnerships to drive Real Zero target

Fortescue Ltd has delivered a strong start to FY26, achieving record first quarter shipments of 49.7Mt, up 4% on the prior year. The company reached important milestones during the quarter, including the successful syndication of a Renminbi-denominated term loan and the establishment of new global partnerships to help drive its profitable decarbonisation. Fortescue is continuing to implement its revised Hematite life of mine plan, which is anticipated to deliver significant value through optimised material movement and orebody use, ensuring the company remains a low-cost, capital-efficient operator. The company's Fortescue Zero division is focused on research and development to support the decarbonisation of its operations and deliver solutions for other heavy emitters. Fortescue's cash balance at 30 September 2025 was US$4.6 billion, and the company's guidance for FY26 shipments, C1 unit cost and capital expenditure remains unchanged.

FY26 iron ore shipments of 195 - 205Mt, including 10 - 12Mt for Iron Bridge (100% basis); Hematite C1 unit cost of US$17.50 - US$18.50/wmt; Metals capital expenditure of US$3.3 - US$4.0 billion; Energy capital expenditure of approximately US$300 million and net operating expenditure of approximately US$400 million.

Fortescue remains committed to progressing the decarbonisation of its operations and the shipping industry, with a pipeline of green energy projects and ongoing assessment of project viability and timing in line with evolving customer demand, regulatory settings and its disciplined capital allocation framework.