• Achieved strong safety performance with LSI of 173 and TRIFR of 1.4
• Recorded total iron ore shipments of 148.7Mt in nine months, up 4% YoY
• Hematite C1 unit cost of US$18.52/wmt, down 4% QoQ

Fortescue Ltd delivered a solid Q3 FY26 performance, contributing to record nine-month iron ore shipments of 148.7Mt, up 4% year-over-year. The company achieved a Leading Safety Index (LSI) of 173 and a Total Recordable Injury Frequency Rate (TRIFR) of 1.4 for the 12 months to 31 March 2026, demonstrating its continuous focus on safety. Total iron ore shipments in Q3 FY26 were 48.4Mt, 5% higher than the same period last year. Hematite C1 unit cost of US$18.29/wmt in Q3 FY26 was 4% lower than Q2 FY26, primarily reflecting the mine plan, lower planned maintenance and strong cost management. Fortescue's decarbonisation efforts continued with the commencement of construction on the 133MW Nullagine Wind Project and the 440MW Solomon Airport solar farm. The company also announced a US$680 million investment to expand its green energy capacity in the Pilbara. In March 2026, Fortescue successfully completed the acquisition of Alta Copper, securing ownership of its portfolio of exploration assets, including the Cañariaco Copper Project in Northern Peru. The Green Metal Project at Christmas Creek is anticipated to produce first hot metal in the June Quarter 2026. Fortescue maintained its FY26 guidance for total shipments, Hematite C1 unit cost and capital expenditure.

FY26 total shipments of 195 - 205Mt, including 9 - 10Mt for Iron Bridge (100% basis). FY26 Hematite C1 unit cost of US$17.50 - US$18.50/wmt. FY26 Metals capital expenditure of US$3.3 - US$4.0 billion and Energy capital expenditure of approximately US$300 million.

Fortescue is maintaining a pipeline of green energy, metals and technology projects globally and continues to assess project viability and timing in line with evolving customer demand, regulatory settings and its disciplined capital allocation framework. The company is expecting full completion of its Pilbara green grid by the end of 2028 and intends to replicate and commercialise this technology wherever it is invited.