Income Statement Fortescue Ltd

Stocks

FMG

AU000000FMG4

Iron & Steel

Market Closed - Australian S.E. Other stock markets 10:10:15 12/06/2026 +04			5-day change	1st Jan Change
20.21 ^AUD	+3.11%		-3.85%	-8.18%

05:40am	Australian shares climb to one-week high as easing U.S.-Iran tensions lift sentiment	RE
06-11	Fortescue's Mining Safety Measures Helped by Low Employee Turnover, AI-Based Safety Measures, Says Jarden	MT

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Published financial data: FORTESCUE LTD

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	22.28B	17.39B	16.87B	18.22B	15.54B
Total Revenues	22.28B	17.39B	16.87B	18.22B	15.54B
Cost of Goods Sold, Total	6.79B	7.65B	7.82B	8.67B	9.1B
Gross Profit	15.49B	9.74B	9.05B	9.55B	6.44B
Selling General & Admin Expenses, Total	155M	204M	288M	416M	433M
Exploration / Drilling Costs, Total	63M	27M	170M	96M	248M
R&D Expenses	-	354M	553M	495M	551M
Depreciation & Amortization - (IS)	20M	54M	36M	46M	75M
Other Operating Expenses	164M	-1M	-2M	-26M	-32M
Other Operating Expenses, Total	402M	638M	1.04B	1.03B	1.28B
Operating Income	15.09B	9.1B	8.01B	8.52B	5.16B
Interest Expense, Total	-143M	-150M	-228M	-313M	-308M
Interest And Investment Income	16M	14M	149M	218M	174M
Net Interest Expenses	-127M	-136M	-79M	-95M	-134M
Income (Loss) On Equity Invest.	-	6M	-8M	-21M	-21M
Currency Exchange Gains (Loss)	-142M	-103M	48M	-31M	44M
Other Non Operating Income (Expenses)	-20M	-24M	-45M	-73M	-63M
EBT, Excl. Unusual Items	14.8B	8.85B	7.92B	8.3B	4.99B
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Asset Writedown	-	-	-1.04B	-	-
Other Unusual Items	-77M	-	-2M	-	-
EBT, Incl. Unusual Items	14.72B	8.85B	6.89B	8.3B	4.99B
Income Tax Expense	4.43B	2.65B	2.09B	2.64B	1.62B
Earnings From Continuing Operations	10.3B	6.2B	4.8B	5.66B	3.37B
Net Income to Company	10.3B	6.2B	4.8B	5.66B	3.37B
Minority Interest	-	-	2M	19M	7M
Net Income - (IS)	10.3B	6.2B	4.8B	5.68B	3.37B
Net Income to Common Incl Extra Items	10.3B	6.2B	4.8B	5.68B	3.37B
Net Income to Common Excl. Extra Items	10.3B	6.2B	4.8B	5.68B	3.37B
Per Share Items
Net EPS - Basic	3.35	2.01	1.56	1.85	1.1
Basic EPS - Continuing Operations	3.35	2.01	1.56	1.85	1.1
Basic Weighted Average Shares Outstanding	3.08B	3.08B	3.08B	3.08B	3.07B
Net EPS - Diluted	3.33	2.01	1.56	1.84	1.1
Diluted EPS - Continuing Operations	3.33	2.01	1.56	1.84	1.1
Diluted Weighted Average Shares Outstanding	3.09B	3.08B	3.08B	3.08B	3.08B
Normalized Basic EPS	3.01	1.8	1.61	1.69	1.02
Normalized Diluted EPS	2.99	1.79	1.61	1.69	1.01
Dividend Per Share	2.68	1.43	1.16	1.31	0.72
Payout Ratio	55.21	108.1	81.74	72.85	84.52
American Depositary Receipts Ratio (ADR)	2	2	2	2	2
Supplemental Items
EBITDA	16.33B	10.5B	9.6B	10.51B	7.51B
EBITA	15.09B	9.14B	8.04B	8.58B	5.25B
EBIT	15.09B	9.1B	8.01B	8.52B	5.16B
EBITDAR	16.62B	10.8B	9.91B	10.76B	7.73B
Effective Tax Rate - (Ratio)	30.07	29.95	30.35	31.76	32.54
Total Current Taxes	4.36B	2.59B	2.36B	2.61B	1.6B
Total Deferred Taxes	71M	58M	-270M	23M	21M
Normalized Net Income	9.25B	5.53B	4.96B	5.21B	3.13B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	251M	251M	385M	411M	351M
Supplemental Operating Expense Items
General and Administrative Expenses	155M	204M	288M	416M	433M
Research And Development Expense From Footnotes	-	354M	553M	495M	551M
Exploration/Drilling Costs	63M	27M	170M	96M	248M
Net Rental Expense, Total	295M	298M	313M	248M	223M
Imputed Operating Lease Interest Expense	72.07M	69.07M	99.95M	116M	101M
Imputed Operating Lease Depreciation	223M	229M	213M	132M	122M
Stock-Based Comp., Other (Total)	94M	128M	148M	156M	184M
Total Stock-Based Compensation	94M	128M	148M	156M	184M

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	6.93B	5.22B	4.29B	4.9B	4.33B
Total Cash And Short Term Investments	6.93B	5.22B	4.29B	4.9B	4.33B
Accounts Receivable, Total	568M	362M	331M	429M	377M
Other Receivables	145M	106M	189M	225M	159M
Total Receivables	713M	468M	520M	654M	536M
Inventory	1.21B	1.08B	1.19B	1.53B	1.61B
Other Current Assets, Total	104M	123M	89M	81M	146M
Total Current Assets	8.96B	6.9B	6.08B	7.16B	6.62B
Gross Property Plant And Equipment	30.56B	33.26B	35.32B	38.12B	41.24B
Accumulated Depreciation	-11.18B	-12.61B	-14.34B	-16.43B	-18.9B
Net Property Plant And Equipment	19.39B	20.65B	20.97B	21.68B	22.34B
Long-term Investments	-	70M	337M	364M	285M
Goodwill	-	199M	195M	195M	195M
Other Intangibles, Total	10M	58M	104M	193M	323M
Accounts Receivable Long-Term	24M	24M	16M	18M	8M
Other Long-Term Assets, Total	3M	475M	507M	443M	748M
Total Assets	28.38B	28.38B	28.22B	30.06B	30.52B
Liabilities
Accounts Payable, Total	1.01B	952M	984M	1.04B	1.06B
Accrued Expenses, Total	891M	748M	787M	806M	897M
Current Portion of Long-Term Debt	38M	66M	59M	60M	81M
Current Portion of Leases	129M	107M	106M	132M	139M
Current Income Taxes Payable	1.47B	284M	304M	259M	223M
Unearned Revenue Current, Total	-	-	71M	65M	75M
Other Current Liabilities	346M	260M	156M	323M	255M
Total Current Liabilities	3.88B	2.42B	2.47B	2.69B	2.73B
Long-Term Debt	3.4B	5.28B	4.53B	4.52B	4.75B
Long-Term Leases	681M	648M	628M	683M	465M
Unearned Revenue Non Current	-	-	28M	84M	82M
Pension & Other Post Retirement Benefits	2M	3M	4M	5M	6M
Deferred Tax Liability Non Current	1.72B	1.77B	1.51B	1.52B	1.54B
Other Non Current Liabilities	966M	907M	1.06B	1.02B	981M
Total Liabilities	10.65B	11.03B	10.22B	10.53B	10.56B
Common Stock, Total	1.2B	1.2B	1.2B	1.2B	1.2B
Retained Earnings	16.58B	16.18B	16.78B	18.3B	18.84B
Treasury Stock	-90M	-142M	-151M	-118M	-108M
Comprehensive Income and Other	46M	109M	170M	175M	62M
Total Common Equity	17.73B	17.34B	17.99B	19.55B	19.98B
Minority Interest	8M	8M	9M	-21M	-28M
Total Equity	17.74B	17.34B	18B	19.53B	19.96B
Total Liabilities And Equity	28.38B	28.38B	28.22B	30.06B	30.52B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	3.08B	3.08B	3.08B	3.08B	3.07B
ECS Total Common Shares Outstanding	3.08B	3.08B	3.08B	3.08B	3.07B
Book Value / Share	5.76	5.64	5.85	6.36	6.5
Tangible Book Value	17.72B	17.08B	17.69B	19.16B	19.47B
Tangible Book Value Per Share	5.76	5.55	5.75	6.23	6.33
Total Debt	4.25B	6.1B	5.32B	5.4B	5.44B
Net Debt	-2.68B	879M	1.03B	497M	1.11B
Debt Equivalent Oper. Leases	2.36B	2.38B	2.5B	1.98B	1.78B
Minority Interest, Total (Incl. Fin. Div)	8M	8M	9M	-21M	-28M
Equity Method Investments, Total	-	70M	260M	260M	71M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	870M	705M	786M	962M	979M
Inventories - Others	342M	379M	403M	565M	630M
Land - (BS)	1.19B	1.2B	1.28B	1.46B	1.55B
Machinery, Total	18.53B	19.05B	20.68B	24.7B	27.89B
Full Time Employees	10.16K	-	-	-	16K
Part Time Employees	-	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	10.3B	6.2B	4.8B	5.68B	3.37B
Depreciation & Amortization - CF	1.37B	1.49B	1.71B	2.09B	2.42B
Amortization of Goodwill and Intangible Assets - (CF)	-	36M	36M	55M	90M
Depreciation & Amortization, Total	1.37B	1.53B	1.74B	2.14B	2.51B
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	1.04B	-	-
(Income) Loss On Equity Investments - (CF)	-	-16M	15M	26M	21M
Stock-Based Compensation (CF)	94M	128M	148M	156M	184M
Other Operating Activities, Total	130M	229M	80M	92M	293M
Change In Accounts Receivable	-192M	277M	-60M	-136M	128M
Change In Inventories	-384M	-330M	-94M	-222M	-47M
Change In Accounts Payable	824M	-394M	-1M	183M	-67M
Change in Unearned Revenues	-	-	-2M	50M	8M
Change In Income Taxes	341M	-1.08B	-20M	-52M	-41M
Change In Deferred Taxes	71M	58M	-267M	19M	18M
Change in Other Net Operating Assets	49M	45M	54M	-24M	98M
Cash from Operations	12.59B	6.65B	7.43B	7.92B	6.47B
Capital Expenditure	-3.38B	-2.8B	-2.9B	-2.83B	-3.26B
Sale of Property, Plant, and Equipment	7M	4M	51M	-	-
Cash Acquisitions	-	-210M	4M	-	-
Investment in Marketable and Equity Securities, Total	-1M	-61M	-280M	-47M	-40M
Other Investing Activities, Total	-251M	-	11M	70M	-616M
Cash from Investing	-3.63B	-3.07B	-3.12B	-2.81B	-3.92B
Long-Term Debt Issued, Total	1.5B	1.9B	-	-	275M
Total Debt Issued	1.5B	1.9B	-	-	275M
Long-Term Debt Repaid, Total	-2.45B	-134M	-898M	-145M	-429M
Total Debt Repaid	-2.45B	-134M	-898M	-145M	-429M
Repurchase of Common Stock	-121M	-138M	-151M	-142M	-163M
Common Dividends Paid	-5.68B	-6.7B	-3.92B	-4.14B	-2.85B
Common & Preferred Stock Dividends Paid	-5.68B	-6.7B	-3.92B	-4.14B	-2.85B
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-137M	-28M	-30M	-38M	-18M
Cash from Financing	-6.89B	-5.1B	-5B	-4.46B	-3.19B
Foreign Exchange Rate Adjustments	1M	-183M	-253M	-27M	56M
Net Change in Cash	2.08B	-1.71B	-937M	616M	-575M
Supplemental Items
Cash Interest Paid	313M	242M	379M	381M	361M
Cash Income Tax Paid (Refund)	4.02B	3.67B	2.38B	2.66B	1.64B
Levered Free Cash Flow	7.94B	3.33B	3.79B	4.32B	2.45B
Unlevered Free Cash Flow	8.02B	3.43B	3.93B	4.52B	2.64B
Change In Net Working Capital	-517M	1.12B	65M	272M	15M
Net Debt Issued / Repaid	-951M	1.77B	-898M	-145M	-154M

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	36.42	20.05	17.69	18.27	10.66
Return on Total Capital	46.75	25.04	21.41	22.07	12.83
Return On Equity %	66.46	35.33	27.14	30.18	17.05
Return on Common Equity	66.51	35.35	27.16	30.28	17.06
Margin Analysis
Gross Profit Margin %	69.51	56.01	53.67	52.4	41.43
SG&A Margin	0.7	1.17	1.71	2.28	2.79
EBITDA Margin %	73.27	60.39	56.87	57.69	48.3
EBITA Margin %	67.71	52.55	47.69	47.06	33.81
EBIT Margin %	67.71	52.35	47.47	46.76	33.23
Income From Continuing Operations Margin %	46.2	35.64	28.43	31.09	21.66
Net Income Margin %	46.2	35.64	28.44	31.19	21.7
Net Avail. For Common Margin %	46.2	35.64	28.44	31.19	21.7
Normalized Net Income Margin	41.51	31.79	29.37	28.58	20.11
Levered Free Cash Flow Margin	35.61	19.17	22.46	23.73	15.75
Unlevered Free Cash Flow Margin	36.01	19.71	23.3	24.8	16.98
Asset Turnover
Asset Turnover	0.86	0.61	0.6	0.63	0.51
Fixed Assets Turnover	1.22	0.87	0.81	0.85	0.71
Receivables Turnover (Average Receivables)	42.73	37.4	48.69	47.95	38.56
Inventory Turnover (Average Inventory)	6.66	6.66	6.88	6.39	5.8
Short Term Liquidity
Current Ratio	2.31	2.85	2.47	2.67	2.43
Quick Ratio	1.97	2.35	1.95	2.07	1.78
Operating Cash Flow to Current Liabilities	3.25	2.75	3.01	2.95	2.37
Days Sales Outstanding (Average Receivables)	8.54	9.76	7.5	7.63	9.46
Days Outstanding Inventory (Average Inventory)	54.8	54.78	53.07	57.31	62.88
Average Days Payable Outstanding	41.47	47.56	44.02	41.12	41.71
Cash Conversion Cycle (Average Days)	21.87	16.98	16.54	23.82	30.63
Long Term Solvency
Total Debt/Equity	23.98	35.19	29.56	27.65	27.25
Total Debt / Total Capital	19.34	26.03	22.82	21.66	21.42
LT Debt/Equity	23.03	34.19	28.65	26.67	26.15
Long-Term Debt / Total Capital	18.58	25.29	22.11	20.89	20.55
Total Liabilities / Total Assets	37.52	38.87	36.22	35.03	34.6
EBIT / Interest Expense	105.51	60.69	35.13	27.22	16.77
EBITDA / Interest Expense	115.06	70.87	42.78	34.07	24.9
(EBITDA - Capex) / Interest Expense	91.41	52.19	30.05	25.02	14.31
Total Debt / EBITDA	0.26	0.57	0.55	0.51	0.71
Net Debt / EBITDA	-0.16	0.08	0.11	0.05	0.14
Total Debt / (EBITDA - Capex)	0.33	0.78	0.78	0.69	1.23
Net Debt / (EBITDA - Capex)	-0.2	0.11	0.15	0.06	0.25
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	73.82	-21.96	-2.98	8	-14.7
Gross Profit, 1 Yr. Growth %	118.85	-37.11	-7.05	5.45	-32.55
EBITDA, 1 Yr. Growth %	101.03	-35.68	-8.64	9.56	-28.6
EBITA, 1 Yr. Growth %	120.13	-39.45	-11.97	6.59	-38.73
EBIT, 1 Yr. Growth %	120.13	-39.67	-12.02	6.38	-39.39
Earnings From Cont. Operations, 1 Yr. Growth %	117.42	-39.81	-22.61	18.1	-40.57
Net Income, 1 Yr. Growth %	117.42	-39.81	-22.58	18.45	-40.65
Normalized Net Income, 1 Yr. Growth %	120.68	-40.23	-10.38	5.07	-39.96
Diluted EPS Before Extra, 1 Yr. Growth %	117.56	-39.69	-22.54	18.43	-40.62
Accounts Receivable, 1 Yr. Growth %	19.58	-36.27	-8.56	29.61	-12.12
Inventory, 1 Yr. Growth %	46.38	-10.56	9.69	28.43	5.37
Net Property, Plant and Equip., 1 Yr. Growth %	13.55	6.51	1.57	3.38	3.02
Total Assets, 1 Yr. Growth %	21.31	-0.03	-0.55	6.53	1.51
Tangible Book Value, 1 Yr. Growth %	33.98	-3.6	3.57	8.33	1.58
Common Equity, 1 Yr. Growth %	33.98	-2.2	3.76	8.69	2.21
Cash From Operations, 1 Yr. Growth %	96.32	-47.23	11.83	6.55	-18.25
Capital Expenditures, 1 Yr. Growth %	73.88	-17.12	3.5	-2.31	15.14
Levered Free Cash Flow, 1 Yr. Growth %	99.09	-57.99	13.66	14.1	-43.4
Unlevered Free Cash Flow, 1 Yr. Growth %	94.56	-57.29	14.71	14.94	-41.59
Dividend Per Share, 1 Yr. Growth %	120.89	-46.86	-18.33	12.85	-45.13
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	49.54	16.47	-12.99	2.36	-4.02
Gross Profit, 2 Yr. CAGR %	78.71	17.31	-23.55	-1	-15.67
EBITDA, 2 Yr. CAGR %	66.24	13.71	-23.34	0.05	-11.55
EBITA, 2 Yr. CAGR %	78.94	15.47	-26.99	-3.13	-19.19
EBIT, 2 Yr. CAGR %	78.94	15.24	-27.14	-3.26	-19.7
Earnings From Cont. Operations, 2 Yr. CAGR %	79.73	14.4	-31.75	-4.4	-16.22
Net Income, 2 Yr. CAGR %	79.73	14.4	-31.73	-4.24	-16.15
Normalized Net Income, 2 Yr. CAGR %	79.97	14.85	-26.81	-2.96	-20.58
Diluted EPS Before Extra, 2 Yr. CAGR %	79.97	14.54	-31.65	-4.22	-16.14
Accounts Receivable, 2 Yr. CAGR %	-19.75	-12.7	-23.66	8.86	6.72
Inventory, 2 Yr. CAGR %	25.3	14.42	-0.95	18.69	16.33
Net Property, Plant and Equip., 2 Yr. CAGR %	9.83	9.98	4.01	2.47	3.2
Total Assets, 2 Yr. CAGR %	20.05	10.12	-0.29	2.93	3.99
Tangible Book Value, 2 Yr. CAGR %	29.39	13.65	-0.08	5.93	4.9
Common Equity, 2 Yr. CAGR %	29.39	14.47	0.74	6.2	5.4
Cash From Operations, 2 Yr. CAGR %	69.7	1.78	-23.18	9.16	-6.67
Capital Expenditures, 2 Yr. CAGR %	79.64	20.05	-7.38	0.55	6.06
Levered Free Cash Flow, 2 Yr. CAGR %	52.22	-8.55	-30.9	13.88	-19.64
Unlevered Free Cash Flow, 2 Yr. CAGR %	49.7	-8.84	-30.01	14.83	-18.06
Dividend Per Share, 2 Yr. CAGR %	198.37	8.34	-34.13	-4	-21.31
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	47.91	20.39	9.58	-6.49	-3.68
Gross Profit, 3 Yr. CAGR %	99.29	26.17	8.55	-14.9	-12.89
EBITDA, 3 Yr. CAGR %	73.62	21.14	5.71	-13.65	-10.59
EBITA, 3 Yr. CAGR %	101.54	24.71	5.49	-17.18	-16.85
EBIT, 3 Yr. CAGR %	101.54	24.54	5.33	-17.34	-17.22
Earnings From Cont. Operations, 3 Yr. CAGR %	127.18	24.81	0.43	-18.06	-18.41
Net Income, 3 Yr. CAGR %	127.1	24.81	0.44	-17.97	-18.35
Normalized Net Income, 3 Yr. CAGR %	112.81	24.64	5.74	-17.43	-17.31
Diluted EPS Before Extra, 3 Yr. CAGR %	128.06	25	0.54	-17.91	-18.33
Accounts Receivable, 3 Yr. CAGR %	85.49	-25.68	-11.34	-8.93	1.36
Inventory, 3 Yr. CAGR %	34.69	11.98	12.82	8.01	14.07
Net Property, Plant and Equip., 3 Yr. CAGR %	6.19	8.72	7.1	3.8	2.65
Total Assets, 3 Yr. CAGR %	16.72	12.95	6.44	1.93	2.45
Tangible Book Value, 3 Yr. CAGR %	22.18	17.3	10.18	2.65	4.46
Common Equity, 3 Yr. CAGR %	22.18	17.87	10.78	3.32	4.85
Cash From Operations, 3 Yr. CAGR %	98.88	14.97	5.03	-14.33	-0.87
Capital Expenditures, 3 Yr. CAGR %	55.41	38.81	14.26	-5.72	5.2
Levered Free Cash Flow, 3 Yr. CAGR %	177.75	-0.89	-1.67	-18.33	-9.79
Unlevered Free Cash Flow, 3 Yr. CAGR %	139.68	-1.45	-1.59	-17.42	-8.34
Dividend Per Share, 3 Yr. CAGR %	150.81	67.87	-1.4	-21.18	-20.33
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	25.76	15.54	19.62	12.83	3.92
Gross Profit, 5 Yr. CAGR %	50.31	22.31	35.85	14.51	-1.87
EBITDA, 5 Yr. CAGR %	39.02	17.55	25.19	12.21	-1.57
EBITA, 5 Yr. CAGR %	51.33	21.61	34.28	12.72	-5.18
EBIT, 5 Yr. CAGR %	51.33	21.51	34.16	12.58	-5.51
Earnings From Cont. Operations, 5 Yr. CAGR %	59.9	24.25	40.44	12.19	-6.6
Net Income, 5 Yr. CAGR %	59.93	24.25	40.42	12.26	-6.56
Normalized Net Income, 5 Yr. CAGR %	62.82	23.93	38.86	12.76	-5.7
Diluted EPS Before Extra, 5 Yr. CAGR %	60.19	24.57	40.84	12.37	-6.5
Accounts Receivable, 5 Yr. CAGR %	22.02	26.22	30.04	-13.42	-4.52
Inventory, 5 Yr. CAGR %	16.95	13.01	19.11	14.62	14.21
Net Property, Plant and Equip., 5 Yr. CAGR %	2.82	4.6	5.32	6.17	5.52
Total Assets, 5 Yr. CAGR %	7.98	8.22	9.59	8.83	5.45
Tangible Book Value, 5 Yr. CAGR %	16.16	11.95	12.73	12.61	8.04
Common Equity, 5 Yr. CAGR %	16.13	12.27	13.1	13.05	8.6
Cash From Operations, 5 Yr. CAGR %	38.78	9.32	35.94	12.61	0.18
Capital Expenditures, 5 Yr. CAGR %	56.52	30.91	26.35	22.01	10.9
Levered Free Cash Flow, 5 Yr. CAGR %	31.78	1.98	59.21	4.77	-9.3
Unlevered Free Cash Flow, 5 Yr. CAGR %	27.46	0.82	46.49	4.76	-8.54
Dividend Per Share, 5 Yr. CAGR %	88.85	32.8	46.92	34.24	-9.91