Fortescue Ltd Releases FY26 Annual Report and Appendix 4E
Key points
- Record shipments of 201.3 million tonnes of iron ore
- Net profit after tax attributable to members decreased by 15%
- Significant investments in renewable energy and battery storage
- Total dividends for the year at A$1.08 per security
- Strong safety performance with a Leading Safety Index of 172
Full summary
Fortescue Ltd has released its FY26 Annual Report and Appendix 4E. The company achieved record shipments of 201.3 million tonnes of iron ore. Revenue from ordinary activities increased by 9% to US$16,966 million. However, profit from ordinary activities after tax attributable to members decreased by 15% to US$2,870 million. The company has made significant investments in renewable energy, with 1.1GW of solar capacity and a wind farm under construction. Fortescue also reported a strong safety performance with a Leading Safety Index of 172. Dividends for the year totaled A$1.08 per security. The report is based on audited financial statements.
Guidance
Revenue from ordinary activities increased 9% to US$16,966 million, profit decreased 15% to US$2,870 million
Outlook
Fortescue is investing in renewable energy and battery storage to reduce costs and emissions, aiming for a 20% reduction in C1 costs by FY27
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