Fortescue Ltd (ASX:FMG)
Australia · Delayed Price · Currency is AUD | Market Cap | 58.71B +21.9% |
| Revenue (ttm) | 24.50B -0.0% |
| Net Income | 5.60B -4.2% |
| EPS | 1.82 -4.2% |
| Shares Out | 3.08B |
| PE Ratio | 10.49 |
| Forward PE | 12.02 |
| Dividend | 1.10 (5.81%) |
| Ex-Dividend Date | Mar 2, 2026 |
| Volume | 4,755,253 |
| Open | 18.88 |
| Previous Close | 18.94 |
| Day's Range | 18.85 - 19.22 |
| 52-Week Range | 14.78 - 23.38 |
| Beta | 0.74 |
| Analysts | Hold |
| Price Target | 19.22 (+0.79%) |
| Earnings Date | Aug 25, 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]
Financial Performance
In fiscal year 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 StatementsAnalyst Summary
According to 17 analysts, the average rating for FMG stock is "Hold." The 12-month stock price target is $19.22, which is an increase of 0.79% from the latest price.
News
Afternoon Update: Liberal denies assaulting Deeming; Stefanovic interview fallout continues; and finding Libya’s sand cat
Want to get this in your inbox every weekday? Sign up for the Afternoon Update here , and start your day with our Morning Mail newsletter . Good afternoon. Victorian Liberal MP Moira Deeming has accus...
Fortescue class action: female workers claim sexual harassment at remote mine sites
One woman says she found man in her room at WA fly-in, fly-out accommodation while another states she was ‘howled’ at, federal court told Follow our Australia news live blog for latest updates Get our...
CMB.Tech (CMBT) Secures Major Charter Deal with Fortescue
CMB.Tech (CMBT) Secures Major Charter Deal with Fortescue
Why Australian miners are wary of China’s big squeeze on iron ore
The risk for BHP, Rio Tinto and Fortescue is not a sudden collapse in demand from Beijing. Rather, it’s a gradual erosion of their collective bargaining power.
‘Shrug it off’: What being underestimated taught this young leader
When Kristen Pelc became Fortescue’s youngest head of corporate development, she had to execute its first acquisition. That wouldn’t be her only challenge.
Judgment sheds new light on Fortescue cultural destruction
The Andrew Forrest-led Fortescue is urging traditional owners to avoid a marathon feud over compensation after it destroyed important cultural heritage sites.
Fortescue should be ‘held to account’ over 20-year native title fight
Ian Macfarlane and ex-Rio Australia boss Kellie Parker say the long battle between the miner and the Yindjibarndi suggest it has not listened to the native title group.
BHP, Fortescue warn China’s influence over iron ore will only grow
Executives at the commodities giants say that even the existing shift in power towards major steelmakers will not be enough to stop future “arm wrestles”.
Inside the Fortescue versus BHP war in the Pilbara
The Andrew Forrest-led miner has accused its own industry lobby of picking sides over a contentious debate with its rival over decarbonising the sector.
‘No chump change’: $150m FMG fine could ‘set the floor’ for compo
WA Premier Roger Cook says Fortescue’s $150 million compensation payment to traditional owners could reverberate through the Pilbara.
Elizabeth Gaines exits Andrew Forrest’s Fortescue ‘family’
Gaines’ departure ends her long association with the miner, while Fortescue has hired a former Dutch finance minister to fill a gap on the board.
ASX 200 LIVE: ASX wavers as oil drops on US-Iran optimism; Charter Hill rallies on third guidance upgrade this FY27
Shares rise as oil prices drop to two-week low on US-Iran optimism, which also lifts the $A; Fortescue’s Gaines to retire; Beach sells Otway stake; Charter Hall upgrades guidance. Follow live.
‘Urgent improvement’: Super giant calls out Forrest’s FMG after ruling
The $100 billion HESTA superannuation fund has called on Fortescue to urgently improve how it negotiates with Indigenous traditional owners.
Fortescue’s disruption not a positive for Native Title
The Yindjibarndi case boosts the case for law reform to establish minimum standards in agreements between developers and Indigenous communities.
Focused on the Future: Why Advisors Are Rethinking Marketing for AI Search
FMG’s Susan Theder and Samantha Russell break down AEO, SEO and how advisors can adapt their marketing for AI-driven search.
Fight over failed Forrest hydrogen facility lands in court
The Queensland government is trying to recoup the $66 million it gave Fortescue for a green hydrogen project that ultimately failed.
Forrest has burnt trust with Indigenous people, Barnett warns
Indigenous leaders say the Fortescue and Yindjibarndi matter proves the current system financially incentivises miners to proceed with projects without consent.
Fortescue's Mark Barnaba on Iran, Rates and China
Fortescue Deputy Chairman Mark Barnaba discusses rising costs from the Iran war, China's growing influence and the miner's push to replace diesel with renewable energy. Barnaba speaks with Bloomberg's...
Fortescue Earnings Call Transcript: Q3 2026
Record iron ore shipments and robust cash flow were achieved despite weather disruptions. Decarbonization and green energy investments are accelerating, with strong demand from industrial and data center customers. Portfolio optimization and cost discipline remain key priorities.
Fortescue Earnings release: Q3 2026
Fortescue released its Q3 2026 earnings on April 23, 2026, summarizing the period's financial results.
Australia's Fortescue to fast-track diesel elimination plans at Pilbara
Australia's Fortescue said on Friday it was expediting the rollout of an off-grid green energy system to eliminate fossil fuels, particularly diesel, from Pilbara mining operations.
Iron ore miners could face billions more in fuel costs due to Iran war, Fortescue says
Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday.
Decarbonization shift is paying off amid fuel security uncertainty: Fortescue Metals CEO
Dino Otranto, CEO of Fortescue Metals, joins Squawk Box Asia to discuss how the Iran war is affecting the company's operations, and why periods of fuel insecurity underscore the urgency of decarboniza...
Alta Copper issues update on Fortescue Metals transaction
Alta Copper announced that Nascent Exploration, a wholly-owned subsidiary of Fortescue, has received notice from the Director of Investments under the Investment Canada Act pursuant to section 25.2(4)...
Fortescue Earnings Call Transcript: H1 2026
Record first half shipments and strong cost discipline drove a 23% increase in EBITDA and NPAT, with robust cash flow and a higher interim dividend. Decarbonization and critical minerals diversification advanced, while the balance sheet remains strong for future growth.