Fortescue outlines strong financial year, strategic vision at AGM

Fortescue Ltd announced that all resolutions put to its annual general meeting (AGM) on October 31, 2025, were carried. This included the re-election of Elizabeth Gaines, Yifei Li, and Noel Quinn, and the election of Yasmin Broughton to the board. Shareholders also approved the participation of Dino Otranto and Agustin Pichot in the performance rights plan, alongside the renewal of proportional takeover approval provisions, and the adoption of the remuneration report. Executive chairman Dr. Andrew Forrest AO, chief executive officer metals and operations Dino Otranto, and chief executive officer growth and energy Gus Pichot, addressed shareholders.

The company highlighted a robust financial year, reporting A$26 bn in total economic contribution and A$5.2 bn returned to shareholders. Fortescue shipped 198.4 Mt of iron ore, a record high, and maintained its position as Australia’s third-largest taxpayer. The life of mine plan aims to optimise ore body use, reduce material movement, maintain lower C1 unit costs, and enhance capital efficiency while lowering emissions, underscoring the company’s commitment to sustainable operations.

Fortescue also secured a RMB14.2 bn syndicated term loan facility, demonstrating strong financial backing for its continued growth and projects like the Green Metal Project at Christmas Creek.