Fortescue Ltd (ASX:FMG)

Australia flag Australia · Delayed Price · Currency is AUD
19.58
-0.92 (-4.49%)
At close: Mar 3, 2026
18.59%
Market Cap 60.28B
Revenue (ttm) 24.50B
Net Income (ttm) 5.60B
Shares Out 3.08B
EPS (ttm) 1.82
PE Ratio 10.78
Forward PE 12.86
Dividend 1.10 (5.37%)
Ex-Dividend Date Mar 2, 2026
Volume 12,503,240
Average Volume 7,297,365
Open 20.70
Previous Close 20.50
Day's Range 19.54 - 20.83
52-Week Range 13.18 - 23.38
Beta 0.82
RSI 36.43
Earnings Date Feb 18, 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]

Sector Materials
Founded 1983
Employees 16,000
Stock Exchange Australian Securities Exchange
Ticker Symbol FMG
Full Company Profile

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 Statements

News

Mining stocks have been on a tear, with gold passing $5,000. Analysts are split on what's next

Investors have been bullish on mining stocks, led by gold and silver's surges. However, appetite has cooled over the past six months, according to a Citi note that shows 'Buy' ratings have dipped.

4 weeks ago - CNBC

Statkraft and Fortescue renegotiate power agreement for Holmaneset green hydrogen and green ammonia project in Norway

(Oslo, Norway 15 December 2025) Statkraft and Fortescue have agreed to amend and extend the conditional power agreement currently in place for the Holmaneset project.  Currently in the feasibility pha...

2 months ago - GlobeNewsWire

Australia's Fortescue to buy remaining stake in Alta Copper, valuing it at $101 million

Australia's Fortescue said on Monday it will buy the remaining 64% of Alta Copper in a deal implying a total equity value of C$139 million ($101 million) for the Toronto-listed copper miner.

2 months ago - Reuters

Fortescue Ltd (FSUGY) Shareholder/Analyst Call Transcript

Fortescue Ltd (OTCQX:FSUGY) Shareholder/Analyst Call October 30, 2025 11:00 PM EDT Company Participants Navdeep Gill - Company Secretary Trevor Stack John Andrew Forrest - Founder & Executive Chairman...

4 months ago - Seeking Alpha

Fortescue Announces Early Tender Results of Cash Tender Offers for Certain of Its Debt Securities

PERTH, Australia, Oct. 21, 2025 (GLOBE NEWSWIRE) -- Fortescue Treasury Pty Ltd (formerly FMG Resources (August 2006) Pty Ltd) (the “Company”), an Australian corporation and a direct wholly owned subsi...

4 months ago - GlobeNewsWire

Fortescue Announces Offer to Purchase for Cash Certain of Its Debt Securities

PERTH, Oct. 06, 2025 (GLOBE NEWSWIRE) -- Fortescue Treasury Pty Ltd (formerly FMG Resources (August 2006) Pty Ltd) (the “Company”), an Australian corporation and a direct wholly owned subsidiary of Fo...

5 months ago - GlobeNewsWire

Fortescue chairman Forrest doubles down on renewables in challenge to Trump

Australian miner Fortescue is experiencing strong interest in its decarbonization-related offerings, Executive Chairman Andrew Forrest said in an interview, as he challenged U.S. President Donald Trum...

5 months ago - Reuters

Fortescue secures $2B loan, looks to tap China's rapid energy transition

Australian mining giant Fortescue has secured a nearly $2-billion loan to advance its decarbonization plans. Dino Otranto, CEO of metals and operations at Fortescue, talks about FMG's long-term sustai...

7 months ago - CNBC International TV

Australia's Fortescue secures yuan loan worth $2 billion for green energy plans

Australia's Fortescue said on Friday it had secured a yuan-denominated loan worth 14.2 billion Chinese yuan ($1.98 billion) to ramp up its decarbonisation plans, weeks after scrapping its U.S. and Aus...

7 months ago - Reuters

Jim Cramer's 'Trump Discount' Proves Real—As ESG Bets Turn Toxic

The clean energy trade that once looked bulletproof is now melting under the weight of President Donald Trump 's climate rollbacks—and Jim Cramer's infamous "Trump discount" is playing out in real tim...

7 months ago - Benzinga

Fortescue's Forrest on Trump Tariffs, Deep-Sea Mining "Farce", Ocean Conservation

President Trump's tariffs are "not working", according to Australian mining executive Andrew Forrest, who has called for a return to free trade. Forrest, the executive chairman of Fortescue and founde...

9 months ago - Bloomberg Markets and Finance

Fortescue Energy CEO to Resign in Executive Overhaul

Mark Hutchinson will step down as Dino Otranto, who leads the miner's metals business, assumes an expanded role.

10 months ago - WSJ

Fortescue's Billionaire Founder on Tariffs, Copper, Climate Change

Fortescue's Andrew Forrest discusses his outlook for the commodities sector in an interview with Bloomberg Television on the sidelines of the Boao Forum in China. The billionaire founder says the mini...

1 year ago - Bloomberg Markets and Finance

Fortescue's Andrew Forrest sees caution throughout China but no lack of optimism amid U.S. tariffs

Fortescue Executive Chairman Andrew Forrest says he sees a "firm" and "resolute" purpose when it comes to leadership in China.

1 year ago - CNBC International TV

Fortescue Energy CEO says green hydrogen cost is key as demand drops

Replacing fossil fuels with green hydrogen depends on creating demand by making it price competitive, as buyers are unwilling to pay "green premiums", Fortescue Energy CEO Mark Hutchinson told Reuters...

1 year ago - Reuters

Fortescue: Weighed Down By Bleak Iron Ore Outlook, But Fundamentals Remain Strong

Fortescue delivered solid Q1 2025 results but is facing stiff headwinds from plunging iron ore prices. Iron ore demand is expected to decline amid softening steel consumption in China, Fortescue's pri...

1 year ago - Seeking Alpha

Fortescue's Africa Iron Ore Ambitions Challenged by Gnarly Terrain

The Australian iron-ore giant is considering a big new mine in Gabon but first has to work out how it can transport the steel ingredient for export.

1 year ago - WSJ

Fortescue Iron Ore Shipments, Costs Rise

The company reiterated an annual production forecast of between 190 million and 200 million tons for the year through June 2025.

1 year ago - WSJ

Mining giant Fortescue says it's time to walk away from the 'proven fantasy' of net zero

Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says it is time for the world to walk away from the "proven fantasy" of net zero emissions by 2050 and to embrace ...

1 year ago - CNBC

Fortescue CEO on $2.8 Billion Green Equipment Deal

Fortescue founder Andrew Forrest discusses zero emission mining solutions and says, “We're going to green iron ore within a few years.” He speaks on Bloomberg Television.

1 year ago - Bloomberg Markets and Finance

Fortescue: A Call Option On Rebounding Iron Ore Price

Fortescue's FY 2024 was strong with $5.66B net profit, but expect pricing pressure due to lower iron ore prices and higher capex this year. The company benefits from economies of scale but faces chall...

1 year ago - Seeking Alpha

Fortescue Metals on greener products demand amid China's energy shifts

Dino Otranto, CEO of Fortescue Metals, sees the Chinese market for iron ore "maturing" across new industries and is "very encouraged" by the demand coming from the Indian market.

1 year ago - CNBC International TV

Fortescue sets out to meet strong Chinese demand for green iron

Australia is positioned to meet strong demand from China for green iron, Fortescue said on Wednesday as it readies a pilot plant to begin production of the product using renewable energy next year.

1 year ago - Reuters

China's COSCO Shipping, Fortescue to build green fuel supply chain

China's COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chi...

1 year ago - Reuters

Australia's Fortescue to cut about 700 jobs; appoints insider Apple Paget as CFO

Fortescue will reduce about 700 jobs, or 4.5% of its global workforce, in a fresh restructuring round, the Australian miner said on Wednesday, as it appointed acting Chief Financial Officer Apple Page...

1 year ago - Reuters