Overview
- Fortescue reported half-year net profit of US$1.9 billion, up 23%, on revenue of US$8.4 billion.
- Underlying EBITDA rose 23% to US$4.5 billion as the miner shipped a record 100.2 million tonnes.
- The board declared an interim dividend of 62 cents per share, 24% higher than the prior corresponding period.
- The company maintained shipment guidance of 195–205 million tonnes for the 2025/26 financial year.
- Fortescue advanced its diesel-free strategy with thousands of solar panels at Cloudbreak, two large battery systems delivered, wind-farm construction underway, and electric mining equipment in rollout, which management says is lowering costs and reducing exposure to diesel price volatility.