ASX #11 Fortescue Metals Group
- Market Cap of AUD 61.7 billion. Third largest mining company in Australia by market cap.
- Total Iron ore shipped 198.4 million tonnes (FY25) - this is third largest iron ore australia after Rio Tinto (world's second largest 328 Mt), BHP (263 Mt)
- Young company. Founded in 2003 as Iron Ore production company
- Revenue 2025 lower than 2024. FY ending June. Revenue USD 15.5 billion. (2024 was 18.22 billion) - price of mineral/hematite was lower for the period. Shipments seem to have increased slightly.
- 2 operating segments
- Metals - Iron ore mainly (Hematite and Magnetite)
- Energy - new, Undertaking activities in the global development of green electricity, green hydrogen, green ammonia projects,
as well as green technology development and manufacturing.
- Underlying EBITDA 7.94 billion
- NPAT USD 3.3 billion
- Production cost has slightly reduced over 2025
- Five year numbers show lower revenue over time. - Although shipments have risen.
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