Fortescue Ltd (ASX:FMG)

Australia flag Australia · Delayed Price · Currency is AUD
21.51
+0.03 (0.14%)
At close: Jan 23, 2026
13.03%
Market Cap66.04B
Revenue (ttm)23.70B
Net Income (ttm)5.14B
Shares Out3.07B
EPS (ttm)1.67
PE Ratio12.86
Forward PE11.77
Dividend1.10 (4.86%)
Ex-Dividend DateSep 1, 2025
Volume7,666,838
Average Volume5,884,711
Open21.52
Previous Close21.48
Day's Range21.14 - 21.55
52-Week Range13.18 - 23.38
Beta0.88
RSI39.93
Earnings DateFeb 18, 2026

About Fortescue

Fortescue Ltd engages in the exploration, development, production, processing, and sale of iron ore in Australia, China, and internationally. The company explores for copper and lithium deposits; and rare earth elements. It owns and operates rail and port facilities; and focuses on producing green energy and green hydrogen, including derivatives comprising green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited and changed its name to Fortescue Ltd in November 20... [Read more]

Sector Materials
Founded 1983
Employees 16,000
Stock Exchange Australian Securities Exchange
Ticker Symbol FMG
Full Company Profile

Financial Performance

In 2025, Fortescue's revenue was $15.54 billion, a decrease of -14.70% compared to the previous year's $18.22 billion. Earnings were $3.37 billion, a decrease of -40.65%.

Financial numbers in USD Financial Statements

News

Fortescue posts record iron ore output, but prices expected to fall

The company, founded by billionaire Andrew Forrest, shipped 100.2 million tonnes of ore in the six months to December 31.

1 day ago - The Australian Financial Review

Buy ‘Made in China’, says Fortescue, to ease Beijing iron ore spat

Andrew Forrest built Fortescue with backing from Chinese investors. Now his company says there is a simple solution to iron ore trade tensions with Beijing.

1 day ago - The Australian Financial Review

ASX 200 LIVE: ASX cuts gains as rate hike bets firm; $A hits 15-month high

ASX trims gains after 65,200 jobs were added in December; $A hits 15-month high; Macquarie upgrades banks; Fortescue down on miss; Northern Star cuts guidance. Follow live.

1 day ago - The Australian Financial Review

Fortescue CEO: If you're going to Greenland for rare earths, there's nothing rare

Andrew Forrest, Executive Chairman of Fortescue, speaks to Karen Tso about the geopolitical backdrop to mining.

3 days ago - CNBC

People Moves: LPL Appoints New Heads of Supervision, Service

Nationwide promotes leaders in its retirement plans and financial services businesses; AssetMark’s Erin Wood and MarketCounsel’s Brian Hamburger join the FinServ Foundation board; and FMG reshuffles i...

6 days ago - Wealth Management

The curious case of Fortescue’s perfectly priced copper target

New disclosures show that Alta Copper had been in the iron ore giant’s sights for years – but as confidential talks progressed, shares rose with little explanation.

24 days ago - The Australian Financial Review

Fortescue aims for 2030 debut in African iron ore

The miner says it will liaise directly with the Gabonese president over development of the Belinga project to be shipping by 2030.

4 weeks ago - The Australian Financial Review

Statkraft and Fortescue renegotiate power agreement for Holmaneset green hydrogen and green ammonia project in Norway

(Oslo, Norway 15 December 2025) Statkraft and Fortescue have agreed to amend and extend the conditional power agreement currently in place for the Holmaneset project.  Currently in the feasibility pha...

5 weeks ago - GlobeNewsWire

Fortescue To Acquire Remaining Stake In Alta Copper In C$139 Mln Deal

(RTTNews) - Fortescue Ltd (FMG.AX) and Alta Copper Corp. (ATCU.TO) have entered into a binding agreement under which Fortescue will acquire the remaining 64 per cent of Alta Copper's issued and outsta...

5 weeks ago - Nasdaq

Fortescue to buy Peruvian copper explorer

With a $151.7 million takeover, the company has backed itself to convince a reluctant community in Peru that it should host a major mine.

5 weeks ago - The Australian Financial Review

Australia's Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million

Australia's Fortescue said on Monday it will buy the remaining 64% of Alta Copper in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner.

5 weeks ago - Reuters

ASX 200 LIVE: Shares down on major miners; ASX drops 3pc on ASIC reset

Shares open down; ASIC says ASX to be overhauled; Westgold to spin out assets; Treasury Wine halted ahead of update; Fortescue to buy rest of Alta; Symal secures $300m debt facility. Follow live.

5 weeks ago - The Australian Financial Review

Fortescue settles green iron case against Element Zero

Andrew Forrest’s Fortescue is settling a bitter legal battle with a group of former executives, which had seen the mining giant hire private investigators to spy on them.

2 months ago - The Australian Financial Review

Independent Study Finds FMG Delivers 26x ROI and 4x Higher NPS Than Competitors, Fueling Advisor Productivity and Enterprise Growth

Advisors using FMG report higher client retention, faster lead conversion, and an average of four hours saved weekly on marketing. SAN DIEGO , Nov. 12, 2025 /PRNewswire/ -- A recent independent study ...

2 months ago - Benzinga

Fortescue Ltd (FSUGY) Shareholder/Analyst Call Transcript

Fortescue Ltd (OTCQX:FSUGY) Shareholder/Analyst Call October 30, 2025 11:00 PM EDT Company Participants Navdeep Gill - Company Secretary Trevor Stack John Andrew Forrest - Founder & Executive Chairman...

2 months ago - Seeking Alpha

Former AGL Energy CEO Andy Vesey exits Forrest’s Fortescue

The businessman was one of the few remaining faces from a remarkable era at the company, when it recruited high-profile people for its clean energy pivot.

3 months ago - The Australian Financial Review

The country’s iron ore giants are walking a tightrope with Beijing

BHP, Rio Tinto and Fortescue are all confronting challenges – and responding differently – as they work on ties with their single most important buyer.

3 months ago - The Australian Financial Review

Fortescue’s iron ore record eases pain in green divisions

The Andrew Forrest-chaired company’s mining division shipped a record amount of ore in the first quarter, while its green projects continue to struggle.

3 months ago - The Australian Financial Review

South32 chair to retire and be replaced by ex-Fortescue executive

Former Fortescue CFO Stephen Pearce will replace Karen Wood as chair. She will depart ahead of the expected exit of chief executive Graham Kerr next year.

3 months ago - The Australian Financial Review

ASX 200 LIVE: ASX retreats; Woodside jumps on US deal, tech stocks weigh

Bourse lower as tech stocks fall. Ainsworth soars on Kjerulk Ainsworth offer; Fortescue ups iron ore shipments; Woodside reveals Louisiana partnership; BHP chair says he will make ‘big calls’ to grow ...

3 months ago - The Australian Financial Review

Fortescue Announces Early Tender Results of Cash Tender Offers for Certain of Its Debt Securities

PERTH, Australia, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Fortescue Treasury Pty Ltd (formerly FMG Resources (August 2006) Pty Ltd) (the “Company”), an Australian corporation and a direct wholly owned subsi...

3 months ago - GlobeNewsWire

Fortescue Announces Offer to Purchase for Cash Certain of Its Debt Securities

PERTH, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Fortescue Treasury Pty Ltd (formerly FMG Resources (August 2006) Pty Ltd) (the “Company”), an Australian corporation and a direct wholly owned subsidiary of Fo...

3 months ago - GlobeNewsWire

Fortescue offers measles vaccine boosters after Christmas Creek outbreak

Fortescue offers measles vaccine boosters after Christmas Creek outbreak

4 months ago - Australian Broadcasting Corporation

AI Boom Will Boost US Renewables Despite Trump, Fortescue Says

President Donald Trump’s dismissal of climate change and attacks on renewable energy won’t significantly damp demand for clean power in the US, where artificial intelligence will further accelerate th...

4 months ago - Financial Post

Forrest: No regrets ‘speaking truth to power’ on Trump’s climate claims

Fortescue executive chairman Andrew Forrest says he has no regrets after accusing US President Donald Trump of lying about climate change.

4 months ago - The Australian Financial Review