Fortescue Metals Group (ASX: FMG) — Stock Profile

About Fortescue Metals Group (ASX: FMG)

Fortescue Ltd is an Australian resources and energy company engaged in the exploration, development, production, processing, and sale of iron ore across Australia, China, and international markets. The company also explores for copper, lithium, and rare earth elements, and owns and operates its own rail and port infrastructure to support its mining operations.

Alongside its iron ore business, Fortescue pursues green energy and green hydrogen production, including derivatives such as green ammonia, as well as green technology development and manufacturing. The company was formerly known as Fortescue Metals Group Limited before adopting its current name in November 2023. Incorporated in 1983, Fortescue is headquartered in Perth, Australia.

MFAM Research

  • [BUY] Fortescue Metals Group (ASX: FMG) – Iron Ore Giant With a Compelling Yield
    March 4, 2026
    Fortescue Metals Group (ASX FMG) – Iron Ore Giant With a Compelling Yield Fortescue remains one of Australia’s highest-yielding large caps, but the investment case is more nuanced than just the dividend. We see a business generating strong cash flows from its Pilbara iron ore operations, trading at a discount to peers on an EV/EBITDA […]
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Latest Announcements

  • Fortescue (ASX: FMG) – Fortescue FY26 Full Year Results
    August 20, 2026
    Fortescue has delivered robust full-year results for FY26, reporting underlying net profit after tax of US$3.5 billion despite navigating a challenging global iron ore market characterised by volatile pricing and shifting demand dynamics. The result reflects the company’s operational resilience and its capacity to maintain meaningful profitability while managing through commodity price fluctuations that have […]
  • Fortescue (ASX: FMG) – Blacksmith Project Mineral Resource Reserve Update
    August 20, 2026
    Fortescue’s Blacksmith Project has emerged as a standout acquisition, with the mineral resource more than doubling to 615 million tonnes at an average iron grade of 56.0% as at 30 June 2026, compared with 243 million tonnes at 59.3% when the company acquired Red Hawk Mining in March 2025. The company has now declared a […]
  • Fortescue (ASX: FMG) – Fortescue Reports FY26 Full Year Results
    August 20, 2026
    Fortescue has delivered strong FY26 results, posting underlying net profit after tax of US$3.5 billion and free cash flow of US$3.2 billion, which underpin fully franked dividends of A$1.08 per share. The company’s ability to generate substantial returns while maintaining balance sheet strength reflects the structural advantages of its low-cost Pilbara operations and disciplined capital […]
  • Fortescue (ASX: FMG) – Fortescue Files FY26 Annual Report
    August 20, 2026
    “`html Fortescue reported revenue growth of 9 percent to US$16,966 million for the financial year ended 30 June 2026, though reported net profit fell 15 percent to US$2,870 million. The decline masks a more resilient underlying operational performance, with underlying net profit rising 3 percent to US$3,468 million. The gap between these figures reflects two […]
  • Fortescue (ASX: FMG) – Fortescue Files June 2026 Quarterly Production Report
    July 31, 2026
    Fortescue Metals Group has delivered record annual iron ore shipments for FY26, reaching 201.3 million tonnes, with Q4 alone contributing 52.7 million tonnes. The achievement represents a significant milestone for the company and underscores its operational execution capabilities across its Pilbara operations. This production performance matters to investors because it demonstrates Fortescue’s ability to maintain […]
  • Fortescue (ASX: FMG) – Fortescue Receives Court Determination on Yindjibarndi Matter
    May 12, 2026
    Fortescue Ltd has been ordered by the Federal Court to pay compensation totalling approximately $150.1 million to the Yindjibarndi Ngurra Aboriginal Corporation in settlement of a Native Title Compensation Claim that commenced in 2022. The liability comprises economic loss of roughly $100,000 plus interest and cultural loss of $150 million. The court’s determination closes a […]
  • Fortescue (ASX: FMG) – March 2026 Quarterly Production Report
    April 24, 2026
    Fortescue delivered record nine-month iron ore shipments of 148.7 million tonnes, representing a four percent increase compared to the same period last year, with a solid third quarter contributing 48.4 million tonnes to that total. This production momentum underscores the company’s operational capability, though underlying challenges from weather disruptions and shifting market dynamics warrant closer […]
  • Fortescue (ASX: FMG) – Fortescue Invests $680m in Pilbara Green Energy
    April 24, 2026
    Fortescue Ltd announced a US$680 million investment to expand green energy capacity in the Pilbara, approved by its Board, positioning the company to capture growing demand for renewable power from industrial customers including data centres. This represents a significant strategic extension of its decarbonisation program and signals management confidence in the commercial viability of large-scale […]

Financial Summary

Price History

Same Industry — Basic MaterialsSame Sub-Industry — Other Industrial Metals & Mining
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