FY26 Full Year Results

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Stock Fortescue Ltd (FMG.ASX)
Release Time 20 Aug 2026, 8:36 a.m.
Price Sensitive Yes
 Fortescue Ltd FY26 Full Year Results
Key Points
  • Underlying net profit after tax of US$3.5 billion and free cash flow of US$3.2 billion
  • Fully franked FY26 dividends of A$1.08 per share
  • Record iron ore shipments of 201.3 million tonnes
  • Underlying EBITDA of US$8.6 billion and an Underlying EBITDA margin of 51 per cent
  • Robust balance sheet with cash of US$5.1 billion and net debt of US$0.9 billion
Full Summary

Fortescue Ltd announced its FY26 Full Year Results, highlighting an underlying net profit after tax of US$3.5 billion, a strong free cash flow of US$3.2 billion, and fully franked dividends totaling A$1.08 per share. The company achieved record iron ore shipments of 201.3 million tonnes, with an underlying EBITDA of US$8.6 billion and a margin of 51 per cent. Fortescue maintained a robust balance sheet, with cash reserves of US$5.1 billion and net debt of US$0.9 billion. The company also made significant progress in its sustainability initiatives, including the expansion of its renewable energy projects and advancements in its decarbonization efforts.

Guidance

FY27 iron ore shipments: 197 - 207 Mt, C1 unit cost: US$20.50 - US$21.75/wmt, metals capital expenditure: US$3.7 - US$4.7 billion

Outlook

Fortescue is focused on continuing to invest in growth while delivering returns to shareholders. The company is also exploring ways to enhance productivity and leverage AI across its operations.