Australia · Delayed Price · Currency is AUD Fortescue Earnings Call Transcripts
Fiscal Year 2026
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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.
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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.
Fiscal Year 2025
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Q3 results showed a strong recovery with sales and EBIT growth, despite ongoing market volatility and currency headwinds. Strategic acquisitions and cost control measures supported performance, while the company prepares to launch its FUCHS 100 program for future growth.
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Record shipments and industry-leading costs drove strong EBITDA and NPAT, despite lower iron ore prices. Decarbonization and green metals projects advanced, with robust cash flow, a landmark RMB loan, and continued shareholder returns.
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Record first-half shipments and strong safety performance were achieved, with EBITDA of AUD 3.6 billion and NPAT of AUD 1.6 billion. CapEx guidance was revised, and a major zero-emissions equipment contract was signed, while green energy project timelines may shift due to global policy uncertainty.
Fiscal Year 2024
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Reported 8% revenue growth to AUD 18.2B and 7% EBITDA growth to AUD 10.7B, with a 70% NPAT payout. FY 2025 shipment guidance is 190-200Mt, and major progress was made in green metals, decarbonization, and global project development.