Fortescue (ASX: FMG) — Company Overview, News & Financial Data
Fortescue is a global green energy and metals company headquartered in Perth, Western Australia, and one of the world's largest producers of iron ore.
Fortescue
Fortescue is a global green energy and metals company headquartered in Perth, Western Australia, and one of the world's largest producers of iron ore. The company operates major open-pit hematite and magnetite mining operations across the Pilbara region, supported by an integrated heavy-haul rail network and private export port facilities in Port Hedland. In addition to core iron ore extraction and bulk commodity shipping, the company develops green technology solutions through its zero-emissions technology arm, focusing on industrial fleet electrification, renewable power generation, green hydrogen production, and low-carbon metal smelting processes.
Snapshot
Products and/or services of Fortescue
- Hematite Iron Ore Production: Operations across integrated mining hubs in the Pilbara region of Western Australia, including Chichester and Solomon hubs, producing over two hundred million tonnes of hematite iron ore annually for international export markets.
- Magnetite Mining and Processing: High-grade magnetite production at open-pit mining and processing facilities in Western Australia, producing premium iron ore concentrate with an iron grade of sixty-seven percent for global steelmakers.
- Port and Rail Infrastructure: Operation of a five-hundred-plus kilometer heavy-haul railway network and the Herb Elliott Port facilities in Port Hedland, Western Australia, handling rail transport, storage, and ship loading for iron ore exports.
- Industrial Decarbonization Systems: Engineering and development of zero-emission power systems, battery electric haulage equipment, hydrogen fuel cell drivetrains, and renewable power infrastructure to decarbonize heavy industrial and mining fleet operations.
- Green Hydrogen and Ammonia Development: Construction and operation of commercial-scale green hydrogen electrolyzer plants and industrial green ammonia production facilities to replace fossil fuels in heavy transportation, shipping, and chemical manufacturing.
- Green Metal Smelting: Pilot and commercial scale electric smelting projects utilizing renewable power and green hydrogen technology to convert iron ore directly into low-emissions hot metal and green iron for steel production.
Fortescue executive team
- John Andrew Henry ForrestFounder & Executive Chairman of the Board
- Apple PagetGroup Chief Financial Officer
- Agustin PichotChief Executive Officer of Growth & Energy
- Dino OtrantoChief Executive Officer of Fortescue Metals
- Andrew DriscollDirector of Corporate Finance
- Philip James McKeiverChief General Counsel
- Ben KuchelDirector of Marketing
- Navdeep GillCompany Secretary
Latest news about Fortescue
Fortescue warns of iron ore production cuts
AustraliaFortescue fires top executive after harassment probe
AustraliaGenusPlus banks $255 million in Western Power, Fortescue contracts
AustraliaFortescue files lawsuit over US$100M pipeline failure
AustraliaFortescue iron ore shipments fall 6% in September quarter
AustraliaFortescue cross-appeals $150.3M native title ruling
Australia
Recent announcements
What Fortescue (FMG) has told the market, newest first.
- Notification of cessation of securities - FMG
- Notification regarding unquoted securities - FMG
- Notification regarding unquoted securities - FMG
- Becoming a substantial holder
- September 2026 Quarterly Performance UpdatePrice sensitive
- Appendix 3Y - Dr Larry Marshall
- Appendix 3Y - Mark Barnaba
Dividend history
Dividends per share paid by Fortescue, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2027(to date) | A$0.4600 | — | — | A$0.4600 |
| FY2026 | A$0.6000 | — | — | A$1.2200 |
| FY2025 | A$0.8900 | A$0.5000 | — | A$1.3900 |
| FY2024 | A$1.0000 | A$1.0800 | — | A$2.0800 |
| FY2023 | A$1.2100 | A$0.7500 | — | A$1.9600 |
Key financials
Reported results for Fortescue, in USD.
- Market cap
- 44.9B
- Revenue (TTM)
- 17B
- P/E ratio
- 10.6
- EPS (diluted, TTM)
- 1.4
- Dividend yield
- 5.1%
- Profit margin
- 16.9%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 17B | 4.5B | 2.9B | |
| 15.5B | 5.2B | 3.4B | |
| 18.2B | 8.5B | 5.7B | |
| 16.9B | 7B | 4.8B |