Fortescue's first-half profits surge, record-breaking shipment volume drives stock price higher

LootboxPhobia · 2026-02-25T01:31:40+00:00

Fortescue (ASX:FMG) stock price rose after releasing strong first-half earnings, driven by record shipment volumes and higher realized prices. Underlying EBITDA increased 23% to $4.5 billion, and net profit after tax also rose to $1.9 billion. The company’s interim dividend was increased by 24% to AUD 0.62 per share, with full-year shipment volume and cost guidance unchanged.

LootboxPhobia

2026-02-25 01:31:40

Abstract generation in progress

Investing.com - Fortescue (ASX:FMG) stock rose on Wednesday after the iron ore miner announced stronger first-half profits, driven by record shipment volumes and higher realized prices, along with an increased medium-term dividend.

The global fourth-largest iron ore producer reported that for the six months ending December 31, basic EBITDA was $4.5 billion, up 23% year-over-year, while after-tax net profit also surged 23% to $1.9 billion.

With shipments reaching a record 100.2 million tons in the first half, iron ore prices improved, and revenue climbed 10% to $8.4 billion.

As of 00:50 GMT, the company’s Sydney-listed shares rose nearly 4% to AUD 20.96.

The company announced an fully franked interim dividend of AUD 0.62 per share, up 24% from last year, representing a 65% payout ratio of first-half profits.

CEO Dino Otranto said that record shipment volumes and lower unit costs reflect strong supply chain performance and the ongoing decarbonization of the Pilbara region.

The miner maintained its full-year shipment and cost guidance.

This article was translated with the assistance of artificial intelligence. For more information, please see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.