Net profit after tax for the year to June 30 was $3.4-billion, down from $5.7-billion a year earlier, the Australian miner said on Tuesday. Revenue slipped 15% to $15.5-billion as the average realised price for hematite ore fell 18% to $84.79/t.
The company declared a fully franked final dividend of A$0.60 a share, bringing total dividends for the 2025 financial year to A$1.10 a share, or 65% of profit. That compared with A$1.97 in the prior year.
CEO of metals and operations Dino Otranto said operational strength underpinned the results. “As the industry’s lowest-cost producer, we have delivered another strong set of results – record shipments, disciplined cost performance, solid earnings and a continued focus on safety. These outcomes are only possible thanks to the support of our customers, suppliers, partners and the entire Fortescue team,” Otranto said.