Fortescue FY26 Profit Up 3%

Fortescue FY26 Profit Up 3%

Fortescue Metals Group Ltd (ASX:FMG) announced its FY26 financial results on 20 August 2026. Underlying net profit after tax increased 3% year‑on‑year to US$3.5 billion for the year ended 30 June 2026. Revenue grew 9% to US$17.0 billion, while underlying EBITDA rose 9% to US$8.6 billion, delivering an EBITDA margin of 51%.

Iron‑ore shipments reached a record 201.3 million metric tonnes during FY26. The realised price for hematite rose 7% to US$90.70 per dry metric tonne. Correspondingly, the cost of producing hematite C1 increased 4% to US$18.74 per wet metric tonne, reflecting higher energy prices and inflationary pressures.

The board declared a fully franked final dividend of A$0.46 per share, bringing total FY26 dividends to A$1.08 per share and implying a payout ratio of 65%.

Guidance for FY27 indicates expected iron‑ore shipments of 197 million to 207 million tonnes and projected hematite C1 costs of US$20.50‑US$21.75 per wet metric tonne. Metals‑related capital expenditure is forecast at US$3.7 billion‑US$4.7 billion for FY27, up from US$3.6 billion in FY26.

At 00:23 GMT, Fortescue shares were trading 1.5% lower at A$17.77.