Fortescue has delivered record first-half iron ore shipments, highlighting strong operational momentum in its half-year results to 31 December 2025, strengthening the company’s bottom line with an increase in revenue year-on-year.

The company shipped 100.2 million tonnes (Mt) of iron ore during the period, marking its highest ever first-half shipments and a three per cent increase on the prior corresponding period.

Ore mined rose two per cent to 121.6 Mt, while ore processed increased two per cent to 100.7 Mt. Ore sold totalled 100.2 Mt, up four per cent year-on-year, reflecting consistent throughput across its operations.

“It’s been a standout first half of the financial year. By removing diesel across our operations, we’re structurally improving our cost position. The more diesel we eliminate, the less exposure we have to price volatility, and the stronger and more predictable our margins become,” Fortescue metals and operations chief executive officer Dino Otranto said in a statement.

Fortescue also reported continued progress on its decarbonisation initiatives during the half, advancing key projects spanning solar generation, battery storage and the electrification of its operations as part of its broader emissions reduction strategy.

“We’re now delivering decarbonisation at scale across the Pilbara. Around 3600 solar panels are being installed every day at our Cloudbreak mine, with another one gigawatt of solar in the immediate pipeline,” Otranto said.

“Construction is underway on our first wind farm, we’ve delivered two large battery energy storage systems at our sites, and we’re working with leading global manufacturers to roll out electric mining equipment, battery systems and large-scale renewable infrastructure.”

Financially, the strong production performance translated into revenue of $US8.4 billion, up 10 per cent. Underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 23 per cent to $US4.486 billion, delivering a robust margin of 53 per cent.

Net profit after tax increased 23 per cent to $US1.91 billion.

For FY26, shipment guidance is 195–205 Mt, including 10–12 Mt from Iron Bridge.

Subscribe to Australian Mining and receive the latest news on product announcements, industry developments, commodities and more.