Fortescue (FMG) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of new Head of Investor Relations and the executive team, outlining the agenda to review financial performance and strategic updates, followed by a Q&A session.

• Executive Chairman Dr. Andrew Forrest AO welcomed attendees and set the tone for the meeting.

Financial performance review

• Q3 saw a strong recovery after a challenging Q2, with sales up 1% to EUR 2.7 billion, though currency effects negatively impacted results.

• EBIT improved 16% sequentially and slightly exceeded last year's Q3; profitability for nine months was EUR 326 million, 2% below prior year.

• Achieved a record high of 198.4 Mt iron ore shipped in the fiscal year.

• Ranked as the third largest Australian taxpayer, contributing A$26 billion to the economy.

• Returned A$5.2 billion to shareholders, reflecting strong financial health.

Dividend announcements

• Maintained a leading position as a dividend stock, with cumulative dividends per share and total dividends paid increasing year-on-year.