Fortescue reported underlying EBITDA of $4.5 billion, a 23% increase year-over-year
The company achieved record first-half shipments of 100.2 million tonnes
Fortescue shares rose nearly 4% following the earnings announcement
The company declared a 24% higher interim dividend of A$0.62 per share
Fortescue maintained its full-year shipment and cost guidance
📖 Full Retelling
Fortescue (ASX:FMG), the world's fourth-largest iron ore producer, reported stronger first-half earnings with record shipments and higher realized prices on Wednesday, February 24, 2026, in Sydney, Australia, driven by robust market conditions and operational efficiency. The company's underlying EBITDA reached $4.5 billion for the six months to December 31, marking a 23% increase from the previous year, while net profit after tax jumped 23% to $1.9 billion. Revenue climbed 10% to $8.4 billion as the company achieved a first-half record of 100.2 million tonnes in shipments and benefited from improved realized hematite prices. The positive financial results were reflected in the market as Sydney-listed shares of Fortescue rose nearly 4% to A$20.96 as of 00:50 GMT. In addition to the strong earnings, Fortescue declared a fully franked interim dividend of A$0.62 per share, representing a 24% increase from the previous year and equivalent to a 65% payout of first-half profit. This generous dividend payout further signaled the company's confidence in its financial position and future prospects. Chief Executive Dino Otranto attributed the record volumes and lower unit costs to strong supply chain performance and ongoing decarbonization efforts across the company's Pilbara operations. Looking ahead, Fortescue maintained its full-year shipment and cost guidance, indicating that the company expects to sustain its operational momentum despite market uncertainties.
🏷️ Themes
Mining Industry Performance, Corporate Earnings, Commodity Markets
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (Fe3O4, 72.4% Fe), hematite (Fe2O3, 69.9%...
Extraction of valuable minerals or other geological materials from the Earth
Mining is the extraction of geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agricultural processes, or feasibly created artificially in a laboratory or factory. Ores recovered by mining include metals, coal, oi...
Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia, or confused within Australia, as the Sydney Stock Exchange, which is a separate entity). The...
try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Bitcoin slips, wipes out 50% from October record high at session low AMD stock surges 14% on Meta AI partnership deal Wall Street ends higher on tech rebound ahead of State of the Union address Software stocks rebound as Anthropic partnerships ease AI disruption fears (South Africa Philippines Nigeria) Fortescue HY earnings climb on record shipments, shares rise By Ayushman Ojha Author Ayushman Ojha Stock Markets Published 02/24/2026, 07:54 PM Fortescue HY earnings climb on record shipments, shares rise 0 FMG 2.18% Investing.com-- Shares of Fortescue (ASX:FMG) rose on Wednesday after the iron ore miner reported stronger first-half earnings on record shipments and higher realised prices, alongside a boosted interim dividend. The world’s fourth-largest iron ore producer posted underlying EBITDA of $4.5 billion for the six months to Dec. 31, up 23% from a year earlier, while net profit after tax also jumped 23% to $1.9 billion. Revenue climbed 10% to $8.4 billion as shipments hit a first-half record 100.2 million tonnes and realised hematite prices improved. Sydney-listed shares of the company rose nearly 4% to A$20.96 as of 00:50 GMT. The company declared a fully franked interim dividend of A$0.62 per share, 24% higher than last year and equivalent to a 65% payout of first-half profit. Chief Executive Dino Otranto said record volumes and lower unit costs reflected strong supply chain performance and ongoing decarbonisation across Pilbara operations. The miner maintained its full-year shipment and cost guidance.
