Fortescue Ltd - Company Profile
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Fortescue Ltd (Fortescue) is a green technology, energy, and metals company. It is also involved in the exploration, development, processing, sale, and transportation of iron ore, as well as the exploration for other minerals. The company offers iron ore products, including hematite and magnetite, and is involved in the development of green electricity, green hydrogen, and green ammonia projects. Fortescure operates several mining hubs, including the Chichester Hub, Western Hub, and Iron Bridge. The Chichester Hub comprises the Cloudbreak and Christmas Creek mines, while the Western Hub includes the Solomon and Eliwana mines. Its products are primarily used by customers in the steel manufacturing industry and other sectors requiring iron ore. It utilizes a purpose-built rail and port facility in Port Hedland for distribution. The company's operations are geographically located in the Pilbara region of Western Australia. Fortescue is headquartered in Perth, Western Australia, Australia.
Headquarters
Australia
Address
Ground Floor, 256 St Georges Terrace, Perth, Western Australia, 6000
Website
fortescue.com
Telephone
61 8 62188888
No of Employees
11,693
Industry
Metals and Mining
Ticker Symbol & Exchange
FMG (ASX)
Revenue (2024)
$15.5B
-14.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-40.6%
(2024 vs 2023)
Market Cap*
$40.7B
Net Profit Margin (2024)
XYZ
-30.4%
(2024 vs 2023)
* As of and is in US$
Fortescue Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Iron ore | Green Hydrogen |
| Green Ammonia | |
| Solar Power | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Acquisitions/Mergers/Takeovers | In January, the company's battery intelligence platform, Elysia, acquired Zitara, a company specializing in on-site controls. |
| 2026 | Others | In January, Nabrawind announced to deliver 17 Nabralift HH188 towers at the Nullagine Wind Project. |
| 2025 | Others | In December, the company announced the delivery of its first-ever large-scale Battery Energy Storage System to North Star Junction. |
Competitor Comparison
| Key Parameters | Fortescue Ltd | BHP Group Ltd | CIMIC Group Ltd | MMG Ltd | Breaker Resources NL |
|---|---|---|---|---|---|
| Headquarters | Australia | Australia | Australia | Australia | Australia |
| City | Perth | Melbourne | North Sydney | Southbank | Perth |
| State/Province | Western Australia | Victoria | New South Wales | Victoria | Western Australia |
| No. of Employees | 11,693 | 39,369 | 40,093 | 5,516 | - |
| Entity Type | Public | Public | Private | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Andrew Forrest | Chairman | Executive Board | 2003 | - |
| Mark Barnaba | Deputy Chairman | Executive Board | 2017 | - |
| Apple Paget | Chief Financial Officer | Senior Management | 2024 | - |
| Agustin Pichot | Chief Executive Officer - Growth and Energy | Senior Management | 2025 | - |
| Dino Otranto | Chief Executive Officer - Fortescue Metals and Operations | Senior Management | 2025 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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