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- Last 2026-11-06
- A$15.18
- 1D
- —
- 1M
- —
- YTD
- —
- 1Y
- —
- Fair value
- Locked: sign in to view
- Upside
- Locked: sign in to view
- Mkt cap
- A$46.7B
- EV
- A$49.8B
- Cash
- US$3.2B
- Debt
- US$5.4B
4 newer ASX announcements not yet reflected in this valuation
- AGM Presentation 2026Latest Operating Presentation
- September 2026 Quarterly Production ReportLatest Four Activities Reports
- Notification of cessation of securities - FMGPost Cash Checkpoint Security Event
- Notification regarding unquoted securities - FMGPost Cash Checkpoint Security Event
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Sign in or enter a guest codeAnnouncements
Latest 12 of 0All sources ▸- No announcements are linked to this research.
Event calendar · next 12 months
2 events| Timing | Event | Category | Confidence | Materiality | Investor relevance |
|---|---|---|---|---|---|
| 22 October 2026 | September quarter full production report | Results | Confirmed | High | Reconcile cash conversion, sales/shipments and CMRG guidance condition after preliminary shortfall. |
| December 2026 | Belinga convention study and environmental submission | Study | Company Guided | High | Define infrastructure and technical path; no assumed development approval or first-production date. |
Executive roster
As of 2026-10-13Background checks ▸Named annual executive leadership, KMP, company secretary and Technical Services director verified; full senior-management roster outside these disclosed sources not established.
| Executive | Title | Normalized role | Appointed | Sources |
|---|---|---|---|---|
| Dr Andrew Forrest AO | Executive Chairman | Executive Director | — | FY26 Annual Report and Appendix 4E |
| Dino Otranto | Chief Executive Officer, Metals and Operations | Chief Executive | — | FY26 Annual Report and Appendix 4E |
| Agustin (Gus) Pichot | Chief Executive Officer, Growth and Energy | Chief Executive | — | FY26 Annual Report and Appendix 4E |
| Apple Paget | Group Chief Financial Officer | Finance | — | FY26 Annual Report and Appendix 4E |
| Mona Gill | Company Secretary | Company Secretary | — | FY26 Annual Report and Appendix 4E |
| Bejoy Cyriac | Director of Technical Services | Technical | — | FY26 Results Investor and Analyst Call |
devCoverage status: Partial
Portfolio detail
Assets
Core asset
Integrated Pilbara Hematite Operations
AU
Producer100% ownedIron Ore
Issuer economic scope independently reconciled from FY26annual and eligible June/September releases; model assumptions are separate from this factual ledger.
- Production annualised (attributable)
- —
- Production (last FY, 100%)
- —
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- —
- Head grade
- —
Resources & reserves5
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 5.1B t | 56.4% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | measured | 2.2B t | 56.8% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | indicated | 1.9B t | 55.9% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | inferred | 1B t | 56.2% Fe | Iron Ore | 2026-06-30 |
| Ore Reserve | total | 2B t | 57.2% Fe | Iron Ore | 2026-06-30 |
Material
Iron Bridge
AU
Ramping Producer69% ownedIron Ore
69%JV; operating shipments/capacity quoted gross, IFRS financial results reflect69%share. Resource metric scope is North Star/Eastern Limb plusGlacier Valley; separate mixed-interestSouthStar is not assigned homogeneous69%.
- Production annualised (attributable)
- —
- Production (last FY, 100%)
- —
- AISC (latest quarter)
- —
- AISC margin at spot
- —
- Delivery vs guidance
- —
- Reserve life
- —
- Head grade
- —
Published study economicsIssuer or study metrics
NPVUS$1.4B9.5% discount
Derived recoverable CGU operating-asset proxy, US$2,126m less US$750m. Not a disclosed standalone NPV; embedded cash-flow product-price and capex detail unavailable.
Resources & reserves2
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 4.5B t | 30.707% Fe | Iron Ore | 2026-06-30 |
| Ore Reserve | total | 338M t | 67.3% Fe | Iron Ore | 2026-06-30 |
Economic studies1
| Study | Stage | Status | Date | Summary |
|---|---|---|---|---|
| FY26 Iron Bridge CGU impairment assessment | Operating Plan | Current | 2026-08-20 | Issuer probability-weighted FVLCD using life-of-mine production scenarios to 22Mtpa, grade-adjusted forward pricing with undisclosed product premium, long-run AUD/USD 0.73 and 9.5% post-tax nominal discount rate. Recoverable CGU amount inferred as pre-impairment carrying value US$2,126m minus US$750m expense. Group carrying CGU reflects participating interest; not a separately disclosed 100% JV project NPV. |
Material
Pilbara Hematite Development Deposits
AU
Resource Stage100% ownedIron Ore
Development resources are additional to operating properties; no reserve or permitted mine plan inferred. May support conversion/replacement in integrated Pilbara model.
- Contained metal (attributable)
- 5.1b td
- Resource grade
- 57%
- % Measured + Indicated
- 19.3%d
- Resource tonnes
- 8,884.00 Mt
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Resources & reserves4
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | total | 8.9B t | 57% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | measured | 32M t | 59.4% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | indicated | 1.7B t | 58% Fe | Iron Ore | 2026-06-30 |
| Mineral Resource | inferred | 7.2B t | 56.7% Fe | Iron Ore | 2026-06-30 |
Material
Cañariaco Copper
PE
Scoping Study Developer100% ownedCopperGoldSilver
Issuer economic scope independently reconciled from FY26annual and eligible June/September releases; model assumptions are separate from this factual ledger.
- Contained metal (attributable)
- —
- Resource grade
- 0.3%d
- % Measured + Indicated
- —
- Resource tonnes
- 2,017.00 Mtd
- Our value per attrib. contained unit
- Locked
- Mining method
- —
Resources & reserves3
| Type | Category | Quantity | Grade | Contained minerals | Date |
|---|---|---|---|---|---|
| Mineral Resource | measured_indicated | 1.1B t | 0.38% Cu | Copper | 2024-06-10 |
| Mineral Resource | inferred | 890.4M t | 0.249351% Cu | Copper | 2024-06-10 |
| Mineral Resource | total | 2B t | 0.322325% Cu | Copper | 2024-06-10 |
Material
Belinga Iron Ore
GA
Discovery Drill Stage72% ownedIron Ore
Issuer economic scope independently reconciled from FY26annual and eligible June/September releases; model assumptions are separate from this factual ledger.
- Ownership
- 72%r
- Commodity
- Fer
- Country
- GAr
- Best recent intercept (grade x width)
- —
- Metres drilled (12M)
- —
- Exploration spend (12M)
- —
Material
Fortescue Energy and Zero
AU · GB · ES
Producer100% ownedOthers
Issuer economic scope independently reconciled from FY26annual and eligible June/September releases; model assumptions are separate from this factual ledger.
- Revenue
- US$136.0m
- EBITDA margin
- —
- Utilisation
- —
- Order book
- —
- Top customer share
- —
d derivedr our researchg guidances study forecastm daily marketNo marker: as reported— / NM missing or not meaningful (hover for why)
Stock database
Other assets
- Product and spec
- —
- Nameplate capacity
- 51.0m t/yrd
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Product and spec
- —
- Nameplate capacity
- 40.0m t/yrd
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Product and spec
- —
- Nameplate capacity
- 30.5m t/yrd
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
- Investee
- —
- Holding
- —
- Shares held
- —
- Market value
- —
- % of holder's market cap
- —
- Cost basis
- —
- Product and spec
- —
- Nameplate capacity
- 70.0m t/yrd
- Throughput (12M)
- —
- Utilisation
- —
- Capital intensity (capex / tpa)
- —
- Feed source
- —
- Offtake contracted
- —
Funding, performance and ownership
Financials & Capital
Liquidity
Financial position
September30cashUS3.2bn and issuer netdebtUS2.8bn imply totaldebt including leasesUS6.0bn. BorrowingsUS5.371bn estimated using last disclosed leasesUS629m. Valuation uses cashUS3.25bn atOctober13 (US50m interim estimate, separately varied±US150m); rental-cash treatment means lease liability is not also deducted. FacilityUS1.025bn expiresJuly2027, no perpetual availability assumed.
Inventory composition1
June inventory US$1,852m current plus US$348m non-current; September inventory increased but amount undisclosed, included in working capital rather than a separate value.
- Operating ore and stores, current and non-current
- US$2.2B carrying
Capital structure
Ownership and dilution
- Ordinary shares
- 3.1B
- Fully diluted
- 3.1B
Issued3,078,964,918; treasury3,581,754 retained conservatively within gross denominator. Outstanding8,926,831 rights remain disclosed. Forecast C1/admin retains recurring SBC economic expense and assumes on-market cash settlement, consistent with FY26trust purchasesUS157m; adding rights again would count compensation twice. Alternative issue-only8.927m dilution reduces per-share value0.29%; no ordinary buyback execution.
Security classes2
| Class | Type | Quantity | Strike | Expiry |
|---|---|---|---|---|
| Issued fully paid ordinary shares; treasury purchases do not cancel shares | Ordinary Share | 3.1B | — | — |
| Outstanding employee share rights; conservative no treasury offset | Performance Right | 8.9M | A$0 | — |
KPI history
Operating metrics · Integrated Pilbara Hematite Operations
| Metric | Unit | Trend | Q4-FY26 | Q1-FY27 |
|---|---|---|---|---|
| hematite wet ore shipments | t | 50,000,000 | 44,300,000 |
KPI history
Operating metrics · Iron Bridge
| Metric | Unit | Trend | Q4-FY26 | Q1-FY27 |
|---|---|---|---|---|
| iron-bridge wet concentrate shipments | t | 2,700,000 | 2,500,000 |
Operating metric source table10
| Metric | Project | Period | Period type | Value | Status |
|---|---|---|---|---|---|
| hematite wet ore shipments | Hematite | FY2025 | Year | 191,300,000 t | Reported |
| iron-bridge wet concentrate shipments | Iron Bridge | FY2025 | Year | 7,100,000 t | Reported |
| hematite wet ore shipments | Hematite | FY2026 | Year | 192,300,000 t | Reported |
| iron-bridge wet concentrate shipments | Iron Bridge | FY2026 | Year | 9,000,000 t | Reported |
| hematite wet ore shipments | Hematite | Q4-FY26 | Quarter | 50,000,000 t | Reported |
| iron-bridge wet concentrate shipments | Iron Bridge | Q4-FY26 | Quarter | 2,700,000 t | Reported |
| hematite wet ore shipments | Hematite | Q1-FY27 | Quarter | 44,300,000 t | Source Derived |
| iron-bridge wet concentrate shipments | Iron Bridge | Q1-FY27 | Quarter | 2,500,000 t | Reported |
| Corporate cash balance | Company | 2026-06-30 | Point In Time | 5,074,000,000 USD | Reported |
| Corporate cash balance | Company | 2026-09-30 | Point In Time | 3,200,000,000 USD | Reported |
Company guidance3
| Metric | Project | Period | Low | High | Status |
|---|---|---|---|---|---|
| Iron Ore Shipments | Company | FY27 | 197,000,000 | 207,000,000 t wet product | Current |
| Concentrate Shipments | iron-bridge | FY27 | 11,000,000 | 14,000,000 t wet product | Current |
| C1 Unit Cost | hematite | FY27 | 20.5 | 21.75 USD/t wet product | Current |
Capital history
Capital events
| Date | Event | Amount | Shares | Price | Status | Terms |
|---|---|---|---|---|---|---|
| 2026-09-30Ann. 2026-08-20 | Dividend | US$1B | — | — | Completed | — |
Contracts and ownership
Material economic arrangements These are deals that can affect sales, costs, funding or ownership. An arrangement marked “Included in valuation” may already be built into a project estimate or the bridge to shareholder value. A separate amount is shown only when one can be estimated; do not add it again.
Annual subsidiaries, JV, royalties, sales and FX policy reconciled with June and September deltas. Contract-level customer, charter, native-title and hedge terms not fully disclosed; all identified live items treated once.
State royalties paid on iron ore product revenues; embedded in project cash flows or disclosed recoverable value.
Royalty · Active- Counterparties
- Western Australian Government
- Applies to
- Integrated Pilbara Hematite Operations · Iron Bridge · Iron Ore
- Economic direction
- Burden
- Period
- Dates not stated
- Key terms
- Hematite royalty: 7.5 %
Magnetite royalty: 5 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Fortescue holds 69% and Formosa 31%; consolidated book and impairment CGU values already reflect Fortescue participating share.
Joint Venture · Active- Counterparties
- Formosa Steel IB Pty Ltd
- Applies to
- Iron Bridge · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Fortescue participating interest: 69 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Belinga operating entity is Ivindo Iron SA with 72% Fortescue interest; study, infrastructure and permitting remain unresolved.
Joint Venture · Active- Counterparties
- Ivindo Iron SA · Government of Gabon
- Applies to
- Belinga Iron Ore · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Fortescue interest: 72 %
How it affects our valuation
No valuation treatment is available for this arrangement.
Customer purchasing arrangements determine realizations and working capital; CMRG negotiations affect sales as of September.
Offtake · Active- Counterparties
- Iron ore customers including China Mineral Resources Group
- Applies to
- Integrated Pilbara Hematite Operations · Iron Bridge · Iron Ore
- Economic direction
- Benefit
- Period
- Dates not stated
- Key terms
- Sales channel: Long term, portside and spot
How it affects our valuation
No valuation treatment is available for this arrangement.
Native Title and Co-Management Agreement includes fleet hire; undisclosed quantified terms remain a risk rather than a fabricated deduction.
Strategic Partnership · Active- Counterparties
- PKKP people
- Applies to
- Integrated Pilbara Hematite Operations · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Shipping charter agreement supports decarbonisation; shipping costs included in hematite model, undisclosed incremental terms not separately capitalized.
Strategic Partnership · Active- Counterparties
- CMB.TECH
- Applies to
- Integrated Pilbara Hematite Operations · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
- Key terms
- Charter vessels: 12 vessels
How it affects our valuation
No valuation treatment is available for this arrangement.
Policy allows short-term forwards or collars; no live notional, bounds or expiry established. No assumed hedge cash flow or indefinite protection.
FX Hedge · Unknown- Counterparties
- Financial institutions not named
- Applies to
- Integrated Pilbara Hematite Operations · Iron Bridge · Iron Ore
- Economic direction
- Mixed
- Period
- Dates not stated
How it affects our valuation
No valuation treatment is available for this arrangement.
Intrinsic value
Valuation
Valuation
Bear, base and bull values, investment cases, project valuations and the equity bridge are available to subscribers.
Sign in or enter a guest codeResource-price transmission
Sensitivity lab
Sensitivity lab
How our fair value responds to commodity prices and other drivers is available to subscribers.
Sign in or enter a guest codePeople, delivery and responsibility
Management background checks
The leadership team has substantial mining and financing experience and reported strong hematite output, alongside an Iron Bridge impairment and weaker magnetite delivery. Workplace claims and native title compensation proceedings are material governance and community matters; individual responsibility is not assumed.
Decision-relevant facts
Material summary
Dr Andrew Forrest AO
Executive Chairman
FailureDocumented · High materiality
Anaconda project and financial distress
The Murrin Murrin nickel project experienced long delays and fell short of its initial plant specifications. The Takeovers Panel recorded financial distress and subsequent debt restructuring, with a 2003 rights issue. Forrest was the former founding CEO and ceased as a director in May 2002; the later restructuring followed his departure.
Role overlaps event; causation unproven · Founder and former CEO during early project problems; later restructuring occurred after his departure, and specific causal fault is not determined.
Anaconda Nickel 02-05 reasons · Paragraphs 7–16
Anaconda Nickel chronology · Page 1: founder and May 2002 departure
LegalDocumented · High materiality
ASIC disclosure case: final High Court result
ASIC alleged misleading disclosure and director-duty breaches concerning 2004 framework agreements. In 2012 the High Court unanimously allowed Forrest and Fortescue’s appeals, set aside the adverse Full Federal Court declarations and restored the ruling that neither breached the Corporations Act.
Individual involvement documented · Forrest was a named respondent; the final court found no contravention on those allegations.
Forrest and Fortescue v ASIC, judgment summary · Pages 1–2
EnvironmentDocumented · High materiality
Solomon native title compensation and appeals
In July 2026 the Federal Court ordered about A$150.3 million compensation for effects of Solomon mining on Yindjibarndi native title. The Yindjibarndi, WA government and Fortescue later appealed; final appellate outcome was not established by the cutoff.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
Orders in Yindjibarndi native title compensation case · 1 July 2026 statement
Yindjibarndi compensation case online file · September 2026 appeal filings
Fortescue appeals native title compensation · 16 September 2026 appeal report
GovernanceDocumented · High materiality
Workplace claims and regulatory undertaking
WorkSafe accepted a 2023 enforceable undertaking concerning 34 alleged failures to comply with information notices; its register records completion in January 2026. A separate 2026 class action alleges workplace harassment; Forrest urged reporting and said alleged criminal conduct should be dealt with by law enforcement. The class claims were not established findings at cutoff.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
Notice of WorkSafe Commissioner decision · Pages 1–2
Prosecution summaries and enforceable WHS undertakings · Fortescue undertaking listing
Women launch class action against Fortescue · June 2026 article
Forrest responds to class action · June 2026 chairman statement
GovernanceDocumented · Medium materiality
Company-reported investigation outcome
In 2023 Fortescue said its board had engaged an external law firm to examine anonymous claims about Forrest and that the firm did not substantiate any matter. The original investigation report was not published and the company did not disclose the nature of the claims in its statement.
Individual involvement documented · Forrest was the subject of a company-commissioned review; the reported outcome was no substantiated matter.
Fortescue board reports investigation outcome · 17 July 2023 report of company statement and review outcome
SafetyDocumented · High materiality
Cyclone George deaths and dismissed prosecutions
Cyclone George hit a Fortescue rail construction camp in 2007, killing two workers and injuring others. Fortescue reported in 2011 that it and subsidiary The Pilbara Infrastructure were acquitted on 18 charges. A 2014 Western Australian parliamentary answer said all WorkSafe legal action relating to Cyclone George had ended in March 2012, with matters dismissed and some charges withdrawn.
Role overlaps event; causation unproven · Forrest was the company CEO during the 2007 event; Fortescue and its subsidiary were acquitted, and no personal criminal responsibility is established.
Fortescue cleared of workplace death · 18 February 2011, deaths and initial acquittal
WA Magistrates Court finds Fortescue not guilty on Cyclone George charges · Page 1, Fortescue and subsidiary acquittal
Cyclone George — coronial inquest; parliamentary question 637 · 18 June 2014, Legislative Council question 637
Evidence gaps · 4
- Original independent investigation report into 2023 anonymous allegations was not obtained; company reported that the external investigator did not substantiate the matters.
- The final outcome of 2026 class and native-title appeals is not established.
- Education and qualifications have not been independently verified.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Dino Otranto
Chief Executive Officer, Metals and Operations
Company SuccessIssuer Reported · High materiality
Operating performance with Iron Bridge shortfall
The FY26 remuneration scorecard records hematite shipments of 192.3 Mt against 189 Mt target, but magnetite shipments of 9.0 Mt against 11 Mt target; Iron Bridge incurred an impairment and its Q4 unit cost was above target. These are company outcomes, not a controlled measure of the CEO’s individual contribution.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
FY26 annual report and Appendix 4E · Physical page 160 remuneration scorecard
SafetyDocumented · High materiality
Fatality at prior Vale project
A contractor died near the Vale Wabagishik Dam construction project in February 2021. Contemporaneous reporting names Otranto as Vale regional COO and quotes his response; police and the labour ministry investigated and a ministry inspector issued requirements. Final findings were not located.
Role overlaps event; causation unproven · His regional executive role overlapped; no evidence establishes personal fault.
Fatal industrial incident at Vale · 26 February 2021 article
SafetyDocumented · High materiality
Fortescue workplace claims and undertaking
WorkSafe accepted an undertaking on alleged failures to supply information, completed in January 2026. A separate class action alleges sexual harassment at the company’s mine sites; the allegations are not proven findings. Fortescue says it completed mandatory training.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
Notice of WorkSafe Commissioner decision · Pages 1–2
Prosecution summaries and enforceable WHS undertakings · Fortescue listing
Women launch class action against Fortescue · Company response and claims
Evidence gaps · 4
- Final Ontario investigation and any proceedings for the 2021 incident were not located.
- Individual role in Iron Bridge outcomes and class action allegations is not established.
- Qualifications and full Vale chronology were not independently verified.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Agustin (Gus) Pichot
Chief Executive Officer, Growth and Energy
FailureIssuer Reported · High materiality
Growth portfolio progress and remaining delivery
Fortescue’s FY26 board scorecard credits some copper acquisition and strategic-partnership progress but records limited development of new revenue streams and challenges with green iron and research initiatives. Progress and delays are company-level results.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
FY26 annual report and Appendix 4E · Physical page 160, Growth and Energy scorecard
GovernanceDocumented · High materiality
Response to executive investigation
In October 2026 Fortescue said an unnamed senior executive was dismissed after an investigation into bullying and harassment. Earlier Pichot had defended the process of allowing the employee to remain working during the investigation. The unnamed person is not identified with any named executive in this report.
Individual involvement documented · Pichot’s reported comment concerns the process; no allegation of personal misconduct by him is made.
Fortescue executive dismissed after harassment investigation · Article on company statement and August response
FailureIssuer Reported · High materiality
Arizona and PEM50 hydrogen projects discontinued
Fortescue announced on 24 July 2025 that its Arizona Hydrogen and Gladstone PEM50 projects would not proceed, and initially estimated a US$150 million pre-tax write-down across related spending and equipment. Its FY25 annual report recorded US$158 million in one-off carrying-value adjustments across several Energy assets, including these projects. Pichot became Growth and Energy CEO on 1 July 2025; prior project decisions and much of the expenditure preceded that appointment.
Role overlaps event; causation unproven · He held the role when the discontinuation was announced; the sources do not establish personal responsibility for the earlier project approvals or expenditures.
June 2025 quarterly production report · Pages 1 and 4, portfolio decision and write-down estimate
FY25 annual report · Operating and financial review, exploration/development: US$158m adjustments
Leadership update · Page 1, CEO appointment effective 1 July 2025
Evidence gaps · 4
- Individual project contributions and Pegsa tenure are not independently quantified.
- No independent confirmation of stated degree or complete prior business interests.
- Outcome of the separate workplace class action is not established.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Apple Paget
Group Chief Financial Officer
Company SuccessIssuer Reported · Medium materiality
FY26 financial result and Iron Bridge impairment
The annual report discloses statutory profit after tax of US$2.860 billion versus underlying profit of US$3.458 billion. Its scorecard notes an Iron Bridge impairment and below-target magnetite shipments. CFO tenure overlaps; exact personal contributions to each outcome were not isolated.
Role overlaps event; causation unproven · This is a company-level event and leadership role overlap, not a finding that this executive committed the alleged conduct.
FY26 annual report and Appendix 4E · Physical pages 145 and 160
Role FitAnalyst Inference · Medium materiality
Resources finance experience
Analyst inference: Fortescue reports experience in finance and tax with TotalEnergies and ConocoPhillips before her 2023 start and CFO promotion; the depth of individual transaction attribution remains limited.
Responsibility not applicable · Judgment based on disclosed career, not independent proof of particular transactions.
FY26 annual report and Appendix 4E · Physical page 19 biography
Evidence gaps · 4
- Universities and professional bodies did not independently verify credentials.
- Exact tenure, scope and outcomes of TotalEnergies and ConocoPhillips roles were not established.
- The officer register was not sufficient to infer any personal responsibility for Fortescue Zero outcomes.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Mona Gill
Company Secretary
Role FitAnalyst Inference · Medium materiality
Company-secretarial and legal experience
Analyst inference: Gill has reported legal, compliance and company-secretarial experience relevant to Fortescue governance, including issuer-dated appointment in July 2024. Individual performance outcomes are not independently quantified.
Responsibility not applicable · Fit judgment, not an independent evaluation of legal or governance performance.
Management and organisational update · Page 1, company secretary appointment and experience
Our team: Mona Gill · Mona Gill, prior Lavan role
Evidence gaps · 4
- Independent professional registration and qualification checks were not obtained.
- Prior Lavan clients and individual case outcomes were not established for comprehensive screening.
- No personal responsibility for Fortescue company proceedings was inferred from her position.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Bejoy Cyriac
Director of Technical Services
Role FitAnalyst Inference · Medium materiality
Public technical planning role
Analyst inference: At the August FY26 results call Otranto introduced Cyriac as technical-services director; Cyriac explained how Blacksmith may affect mine planning, capital intensity and product strategy. This technical role is relevant to Fortescue’s mine plan. The project timing he discussed was prospective, not demonstrated production.
Responsibility not applicable · Source identifies his spoken technical explanation, not a verified outcome or approval role.
FY26 investor and analyst call transcript · Physical page 8, Blacksmith discussion
Evidence gaps · 4
- His appointment date, prior employers and qualifications were not established.
- A same-name Indian court result could not be matched to this executive and was not attributed.
- Broader prior-employer outcomes, independent credentials and individual decision responsibility remain unresolved.
- The topic-specific searches are limited open-web searches; namesake matches, non-digitised records and undiscovered prior employers remain unverified.
Company ownership
Investors & shareholders
Top registered shareholders
Register at 2026-08-17
| # | Investor / registered holder | % issued shares | Shares held |
|---|---|---|---|
| 1 | 35.39% | 1,089,634,200 | |
| 2 | 17.55% | 540,221,577 | |
| 3 | 7.57% | 233,001,887 | |
| 4 | 7.41% | 228,007,497 | |
| 5 | Andrew Forrest / Forrest family | 5.73% | 176,522,507 |
| 6 | 3.02% | 93,045,000 | |
| 7 | 1.63% | 50,249,555 | |
| 8 | 1.51% | 46,590,079 | |
| 9 | 1.23% | 37,876,216 | |
| 10 | 0.81% | 24,917,711 | |
| 11 | 0.78% | 24,042,795 | |
| 12 | 0.63% | 19,493,155 | |
| 13 | 0.54% | 16,596,648 | |
| 14 | 0.41% | 12,581,797 | |
| 15 | 0.41% | 12,528,895 | |
| 16 | 0.27% | 8,244,951 | |
| 17 | 0.13% | 4,091,605 | |
| 18 | 0.13% | 4,061,176 | |
| 19 | 0.13% | 4,000,000 | |
| 20 | 0.11% | 3,374,164 |
Sources & review notesEvidence checked through 2026-10-31
Coverage and limitations
- Register is a historical list of legal accounts and does not identify beneficial owners of nominees. Separate accounts and group interests overlap.
- Subsequent substantial-holder notices in September and October include image-only documents that were not successfully reviewed; current coverage is partial and earlier positions may have changed.
- Two Pacific Custodians employee share trust rows have identical printed names and are distinguished by entry number.
- BlackRock ceased substantial status on 18 September, became substantial on 22 September, and later image-only notices could change that status; no unverified current BlackRock position is displayed.
- The annual report also lists Forrest and Valin substantial-holder quantities but does not identify their underlying measurement dates; those figures are withheld rather than dated as if the register date applied.
Sources
- FY26 annual report and Appendix 4E
Fortescue Ltd via ASX · Published 2026-08-20 · Accessed 2026-10-31
Top-20 shareholders and issuer substantial-holder summary as at 17 August 2026.
downloads/FMG/2026/2026-08-20_FY26 Annual Report and Appendix 4E_6c9f0fb11aa4ce1d.pdf, PDF page 268
Disclosed activity
Insider transactions
Trading activity34 buys · 3 sells shownNet cash last 12 months −A$5.3mShow chartHide chart
On-market buyPlacement / plan subscriptionSaleMarker size = cash valueGrant, exercise, expiry or transferBars: cash bought (up) and sold (down) per month
| Date | Person / account | Activity / security | Quantity | Cash consideration | Price | Holding after |
|---|---|---|---|---|---|---|
| 2026-09-29 | Mark Barnaba
Details & evidence for Mark Barnaba on 2026-09-29Dividend reinvestment plan allocation; reported consideration is dividend value, not an additional cash contribution. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Appendix 3Y - Mark Barnaba ↗ | Subscriptionordinary shares | 25 | —Non Cash | — | 1,583 |
| 2026-09-29 | Mark BarnabaChester Pty Ltd (M Barnaba Super Fund)
Details & evidence for Mark Barnaba on 2026-09-29Dividend reinvestment plan allocation; reported consideration is dividend value, not an additional cash contribution. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Appendix 3Y - Mark Barnaba ↗ | Subscriptionordinary shares | 1,229 | —Non Cash | — | 47,866 |
| 2026-09-29 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2026-09-29Dividend reinvestment plan allocation; reported consideration is dividend value, not an additional cash contribution. As disclosed: Dividend Reinvestment Plan
Appendix 3Y - Dr Larry Marshall ↗ | Subscriptionordinary shares | 906 | —Non Cash | — | 35,305 |
| 2026-08-21 | Usha Rao-Monari
Details & evidence for Usha Rao-Monari on 2026-08-21On-market purchase under the salary sacrifice share plan. As disclosed: On-market trade (Salary Sacrifice Share Plan)
Change of Director's Interest Notice - Usha Rao-Monari ↗ | Purchaseordinary shares | 334 | AUD 6,005.01 | AUD 17.979072Calculated average | 1,206 |
| 2026-08-21 | Mark Barnaba
Details & evidence for Mark Barnaba on 2026-08-21On-market purchase under the salary sacrifice share plan. As disclosed: On-market trade (Salary Sacrifice Share Plan)
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Purchaseordinary shares | 334 | — | — | 1,558 |
| 2026-08-21 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2026-08-21On-market purchase under the salary sacrifice share plan. As disclosed: On-market trade (Salary Sacrifice Share Plan)
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 5,711 | AUD 102,678.47 | AUD 17.97907Calculated average | 34,399 |
| 2026-05-04 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2026-05-04The notice states the sale was for personal financial and tax liability planning reasons. As disclosed: On market sale of shares
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Appendix 3Y - Elizabeth Gaines ↗ | Saleordinary shares | 275,000 | AUD 5,493,686.97 | — | 66,294 |
| 2026-03-30 | Mark Barnaba
Details & evidence for Mark Barnaba on 2026-03-30Dividend reinvestment allocation; reported value is not treated as new cash consideration. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 19 | —Non Cash | — | 1,224 |
| 2026-03-30 | Mark BarnabaChester Pty Ltd (M Barnaba Super Fund)
Details & evidence for Mark Barnaba on 2026-03-30Dividend reinvestment allocation in the separately disclosed Chester Pty Ltd super-fund account; reported value is not treated as new cash consideration. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 1,455 | —Non Cash | — | 46,637 |
| 2026-03-30 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2026-03-30Dividend reinvestment allocation; the reported dividend value is retained as non-cash consideration rather than added to cash purchase totals. As disclosed: Dividend Reinvestment Plan
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Subscriptionordinary shares | 895 | —Non Cash | — | 28,688 |
| 2026-02-26 | Usha Rao-Monari
Details & evidence for Usha Rao-Monari on 2026-02-26Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Usha Rao-Monari ↗ | Purchaseordinary shares | 287 | AUD 5,977.94 | — | 872 |
| 2026-02-26 | Mark Barnaba
Details & evidence for Mark Barnaba on 2026-02-26Direct on-market purchase; the notice separately reports no change to the Chester super-fund account. As disclosed: On-market trade
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Purchaseordinary shares | 288 | AUD 5,998.77 | — | 1,205 |
| 2026-02-26 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2026-02-26Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 4,930 | AUD 102,687.20 | — | 27,793 |
| 2025-09-26 | Mark Barnaba
Details & evidence for Mark Barnaba on 2025-09-26Dividend reinvestment allocation; the reported dividend value is treated as non-cash consideration. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 10 | —Non Cash | — | 917 |
| 2025-09-26 | Mark BarnabaChester Pty Ltd (M Barnaba Super Fund)
Details & evidence for Mark Barnaba on 2025-09-26Dividend reinvestment allocation in the separately reported Chester Pty Ltd super-fund account; the reported dividend value is treated as non-cash consideration. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 1,396 | —Non Cash | — | 45,182 |
| 2025-09-26 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2025-09-26Dividend reinvestment allocation; the disclosed dividend value is treated as non-cash consideration. As disclosed: Dividend Reinvestment Plan
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Subscriptionordinary shares | 707 | —Non Cash | — | 22,863 |
| 2025-08-27 | Usha Rao-Monari
Details & evidence for Usha Rao-Monari on 2025-08-27Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Usha Rao-Monari ↗ | Purchaseordinary shares | 316 | AUD 6,006.60 | — | 585 |
| 2025-08-27 | Mark Barnaba
Details & evidence for Mark Barnaba on 2025-08-27Direct on-market purchase; no acquisition or disposal was reported for the indirect Chester account. As disclosed: On-market trade
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Purchaseordinary shares | 316 | AUD 6,006.60 | — | 907 |
| 2025-08-27 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2025-08-27Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 5,418 | AUD 102,986.57 | — | 22,156 |
| 2025-03-27 | Mark BarnabaChester Pty Ltd (M Barnaba Super Fund)
Details & evidence for Mark Barnaba on 2025-03-27Dividend reinvestment allocation in the indirect super-fund account; the reported dividend value is treated as non-cash consideration. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 1,312 | —Non Cash | — | 43,786 |
| 2025-03-27 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2025-03-27Dividend reinvestment allocation; the reported dividend value is treated as non-cash consideration. As disclosed: Dividend Reinvestment Plan
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Subscriptionordinary shares | 751 | —Non Cash | — | 16,738 |
| 2025-02-21 | Usha Rao-Monari
Details & evidence for Usha Rao-Monari on 2025-02-21Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Usha Rao-Monari ↗ | Purchaseordinary shares | 269 | AUD 4,999.12 | — | 269 |
| 2025-02-21 | Mark Barnaba
Details & evidence for Mark Barnaba on 2025-02-21Direct on-market purchase; no acquisition or disposal was reported for the indirect Chester account. As disclosed: On-market trade
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Purchaseordinary shares | 323 | AUD 6,002.66 | — | 591 |
| 2025-02-21 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2025-02-21Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 5,550 | AUD 103,141.76 | — | 15,987 |
| 2024-09-27 | Penelope Bingham-HallALDIS SF Pty Ltd as trustee for AJR Investments Pty Ltd Super Fund
Details & evidence for Penelope Bingham-Hall on 2024-09-27Indirect interest through ALDIS SF Pty Ltd as trustee for AJR Investments Pty Ltd Super Fund. As disclosed: Dividend Reinvestment Plan
ALDIS SF Pty Ltd as trustee for AJR Investments Pty Ltd Super Fund · indirect interest through disclosed super fund Change of Director's Interest Notice - Penny Bingham-Hall ↗ | Subscriptionordinary shares | 3,364 | —Non Cash | — | 65,721 |
| 2024-09-27 | Mark BarnabaChester Pty Ltd (M Barnaba Super Fund)
Details & evidence for Mark Barnaba on 2024-09-27Indirect Chester Pty Ltd (M Barnaba Super Fund) position; direct holding remained 268. As disclosed: Dividend Reinvestment Plan
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Subscriptionordinary shares | 2,174 | —Non Cash | — | 42,474 |
| 2024-09-27 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2024-09-27Direct dividend reinvestment allocation. As disclosed: Dividend Reinvestment Plan
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Subscriptionordinary shares | 102 | —Non Cash | — | 10,437 |
| 2024-09-17 | Lord Sebastian CoeBNP Paribas
Details & evidence for Lord Sebastian Coe on 2024-09-17Indirect on-market purchase; BNP Paribas is the registered holder named in the notice. As disclosed: ON-MARKET TRADE
BNP Paribas · registered nominee for the director's indirect ordinary-share interest Appendix 3Y - Lord Sebastian Coe ↗ | Purchaseordinary shares | 2,000 | AUD 35,126.98 | — | 12,000 |
| 2024-09-05 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2024-09-05Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 3,800 | AUD 60,607.98 | — | 10,335 |
| 2024-09-03 | Elizabeth GainesPacific Custodians Pty Limited
Details & evidence for Elizabeth Gaines on 2024-09-03Ordinary-share acquisition associated with vesting, as separately reported in Part 1. Account-level before/after is not assigned from the combined Direct & Indirect table; no new Fortescue shares were issued. A company Form 3G KMP exercise table independently reports 41,840 rights for Elizabeth Gaines on this date; it corroborates this existing event and is not a separate transaction. As disclosed: 41,840 FY22 LTIP Performance Rights vested into ordinary shares
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ Notification regarding unquoted securities - FMG ↗ | Transfer Inordinary shares | 41,840 | —Non Cash | — | — |
| 2024-09-03 | Elizabeth GainesPacific Custodians Pty Limited
Details & evidence for Elizabeth Gaines on 2024-09-03Sale by the interest associated with the Employee Share Trust; holding is not assigned because the filing combines direct and indirect positions. As disclosed: On-market sale of 41,840 shares
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ | Saleordinary shares | 41,840 | AUD 750,442.07 | — | — |
| 2024-09-03 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2024-09-0341,840 rights vested. Source gives combined Direct & Indirect status but does not allocate this rights line. Existing shares held by Employee Share Trust settled rights; no new Fortescue shares issued. A company Form 3G KMP exercise table independently reports 41,840 rights for Elizabeth Gaines on this date; it corroborates this existing event and is not a separate transaction. As disclosed: Vesting and subsequent exercise of 41,840 FY22 LTIP Performance Rights
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ Notification regarding unquoted securities - FMG ↗ | VestingFY22 LTIP performance rights | 41,840 | —Non Cash | — | 9,624 |
| 2024-09-03 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2024-09-039,624 remaining rights lapsed after 41,840 vested; 51,464 opening rights reconcile to zero. As disclosed: Lapse of 9,624 FY22 LTIP Performance Rights
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ | ExpiryFY22 LTIP performance rights | 9,624 | —Non Cash | — | 0 |
| 2024-08-29 | Mark Barnaba
Details & evidence for Mark Barnaba on 2024-08-29Direct on-market purchase; Chester indirect position unchanged. As disclosed: On-market trade
Chester Pty Ltd (M Barnaba Super Fund) · indirect interest through M Barnaba Super Fund Change of Director's Interest Notice - Mark Barnaba ↗ | Purchaseordinary shares | 268 | AUD 4,982.12 | — | 40,568 |
| 2024-08-29 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2024-08-29Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 4,635 | AUD 86,164.65 | — | 6,535 |
| 2024-03-27 | Penelope Bingham-HallALDIS SF Pty Ltd as trustee for AJR Investments Pty Ltd Super Fund
Details & evidence for Penelope Bingham-Hall on 2024-03-27Indirect super-fund interest through ALDIS SF Pty Ltd; reported after-change holding is 62,357. As disclosed: Issue of securities under Dividend Reinvestment Plan
ALDIS SF Pty Ltd as trustee for AJR Investments Pty Ltd Super Fund · indirect interest through disclosed super fund Change of Director's Interest Notice - Penelope Bingham-Hall ↗ | Subscriptionordinary shares | 2,496 | —Non Cash | — | 62,357 |
| 2024-02-28 | Dr Larry Marshall
Details & evidence for Dr Larry Marshall on 2024-02-28Direct on-market purchase; reported holding rose from zero. As disclosed: On-market trade
Change of Director's Interest Notice - Dr Larry Marshall ↗ | Purchaseordinary shares | 1,900 | AUD 50,519.73 | — | 1,900 |
| 2023-11-27 | Lord Sebastian CoeBNP Paribas
Details & evidence for Lord Sebastian Coe on 2023-11-27Indirect interest through BNP Paribas, the nominee named in the notice. As disclosed: On-market trade
BNP Paribas · registered nominee for the director's indirect ordinary-share interest Change of Director's Interest Notice - Lord Sebastian Coe ↗ | Purchaseordinary shares | 5,000 | AUD 123,700.00 | — | 10,000 |
| 2023-09-04 | Elizabeth GainesPacific Custodians Pty Limited
Details & evidence for Elizabeth Gaines on 2023-09-04Share acquisition associated with vesting, separately reported in Part 1. Account-level before/after not assigned from combined Direct & Indirect table; no new Fortescue shares issued. A company Form 3G KMP exercise table independently reports 147,920 rights for Elizabeth Gaines on this date; it corroborates this existing event and is not a separate transaction. As disclosed: 147,920 FY21 LTIP Performance Rights vested into ordinary shares
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ Notification regarding unquoted securities - FMG ↗ | Transfer Inordinary shares | 147,920 | —Non Cash | — | — |
| 2023-09-04 | Elizabeth GainesPacific Custodians Pty Limited
Details & evidence for Elizabeth Gaines on 2023-09-04Sale associated with Employee Share Trust; holding is not assigned because the filing combines direct and indirect positions. As disclosed: On-market sale of 147,920 shares
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ | Saleordinary shares | 147,920 | AUD 2,953,980.00 | — | — |
| 2023-09-04 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2023-09-04147,920 rights vested. Source gives combined Direct & Indirect status but does not allocate this rights line. Employee Share Trust held existing shares; no new Fortescue shares issued. FY22 rights remained at 51,464. A company Form 3G KMP exercise table independently reports 147,920 rights for Elizabeth Gaines on this date; it corroborates this existing event and is not a separate transaction. As disclosed: Vesting and subsequent exercise of 147,920 FY21 LTIP Performance Rights
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ Notification regarding unquoted securities - FMG ↗ | VestingFY21 LTIP performance rights | 147,920 | —Non Cash | — | 5,243 |
| 2023-09-04 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2023-09-045,243 remaining FY21 rights lapsed after 147,920 vested; opening 153,163 reconciles to zero. As disclosed: Lapse of 5,243 FY21 LTIP Performance Rights
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Change of Director's Interest Notice - Elizabeth Gaines ↗ | ExpiryFY21 LTIP performance rights | 5,243 | —Non Cash | — | 0 |
| 2023-06-20 | John Andrew Henry ForrestTattarang
Details & evidence for John Andrew Henry Forrest on 2023-06-20Transfer from Tattarang to Minderoo Foundation as described in notice. No account-level before/after position assigned and no duplicate holder event is created. As disclosed: Transfer of ownership of 220 million Fortescue shares to Minderoo Foundation
Tattarang · indirect interest through Forrest family holding company Change of Director's Interest Notice ↗ | Transfer Outordinary shares | 220,000,000 | —Not Disclosed | — | — |
| 2023-03-29 | Jennifer Morris
Details & evidence for Jennifer Morris on 2023-03-29Direct on-market purchase. As disclosed: On-market trade
Change of Director's Interest Notice - Jennifer Morris ↗ | Purchaseordinary shares | 652 | AUD 14,697.75 | — | 21,176 |
Disclosed holding observations5 dated positions
Initial, final and threshold notices describe positions; these are not counted as purchases or sales.
| Holding at | Person / group | Type / security | Quantity | Percentage |
|---|---|---|---|---|
| 2026-08-24 | Sigrid Kaag
Details & evidence for Sigrid Kaag on 2026-08-24Initial director notice explicitly reports Nil registered relevant securities. Zero is recorded as the filed baseline only; no later direct position is inferred.
Director · 2026-08-24 Initial Director's Interest Notice - Sigrid Kaag ↗ | InitialAll relevant securities (Part 1 reports Nil) | 0 | — |
| 2026-08-24 | Sigrid Kaag
Details & evidence for Sigrid Kaag on 2026-08-24Initial director notice explicitly reports Nil non-registered relevant securities. Zero is recorded as the filed baseline only; no later indirect position is inferred.
Director · 2026-08-24 Initial Director's Interest Notice - Sigrid Kaag ↗ | InitialAll relevant securities (Part 2 reports Nil) | 0 | — |
| 2026-06-30 | Elizabeth Gaines
Details & evidence for Elizabeth Gaines on 2026-06-30Final position reported at director cessation.
Pacific Custodians Pty Limited · Employee Share Trust trustee for performance-rights shares Final Director's Interest Notice - Elizabeth Gaines ↗ | Finalordinary shares | 66,294 | — |
| 2023-06-30 | Jennifer Morris
Details & evidence for Jennifer Morris on 2023-06-30Final registered position reported at director cessation; NIL non-registered interests and no contracts.
Final Director's Interest Notice - Jennifer Morris ↗ | Finalordinary shares | 21,176 | — |
| 2023-06-20 | John Andrew Henry Forrest
Details & evidence for John Andrew Henry Forrest on 2023-06-20Reported direct and indirect interest; the same aggregate appears in the Forrest reporting group notice.
Tattarang · indirect interest through Forrest family holding company Change of Director's Interest Notice - Dr Andrew Forrest AO ↗ | Positionordinary shares | 1,131,365,000 | — |
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Sign in or enter a guest codeChronological evidenceSource-document inventory6 documents
FMG ordinary share local closing priceMarket Data · LowExtracted
Eligible local closing observation from market data provider via miners.collect_stock_prices: 13 October 2026 close A$15.32; volume7,697,472; one ASX ordinary share. Not a24 October live quote.
- Document ID
- fmg-price-20261013
- Published UTC
- 2026-10-13T05:00:00+00:00
- Projects
- —
- Commodities
- —
September 2026 Quarterly Performance UpdateOperations · HighExtracted
September 2026 Quarterly Performance Update; issuer evidence reviewed at the selected cutoff. Publication date verified; exact release time unavailable. Required timestamp conservatively normalised to 23:59:59 AEST, with next-weekday effective date; this is an analyst date-only timing convention, not an observed release instant.
- Document ID
- fmg-sep26
- Published UTC
- 2026-10-08T13:59:59+00:00
- Projects
- —
- Commodities
- iron_ore
Resources and Energy Quarterly September2026Commodity Data · HighPartial
Government outlook published2 October2026; official news index confirms release date. Table3.3 physical39 explicitly FOB Australia61%Fe:2027nominal82,2031real64 in2026USD. No CFR/FOB interchange. Retained official PDF copied from shared primary package after direct download failures; freshly read throughV8 cache.
- Document ID
- fmg-req-sep26
- Published UTC
- 2026-10-02T13:59:59+00:00
- Projects
- —
- Commodities
- iron_ore
FY26 Annual Report and Appendix 4EResults · HighPartial
FY26 Annual Report and Appendix 4E; issuer evidence reviewed at the selected cutoff. Publication date verified; exact release time unavailable. Required timestamp conservatively normalised to 23:59:59 AEST, with next-weekday effective date; this is an analyst date-only timing convention, not an observed release instant.
- Document ID
- fmg-fy26-annual
- Published UTC
- 2026-08-20T13:59:59+00:00
- Projects
- —
- Commodities
- iron_ore
FY26 Results Investor and Analyst CallOperations · HighExtracted
FY26 Results Investor and Analyst Call; issuer evidence reviewed at the selected cutoff. Publication date verified; exact release time unavailable. Required timestamp conservatively normalised to 23:59:59 AEST, with next-weekday effective date; this is an analyst date-only timing convention, not an observed release instant.
- Document ID
- fmg-fy26-call
- Published UTC
- 2026-08-20T13:59:59+00:00
- Projects
- —
- Commodities
- iron_ore
June 2026 Quarterly Production ReportOperations · HighExtracted
June 2026 Quarterly Production Report; issuer evidence reviewed at the selected cutoff. Publication time is not verified except the June exchange timestamp; conservative pre-open alignment used.
- Document ID
- fmg-june26
- Published UTC
- 2026-07-30T22:33:00+00:00
- Projects
- —
- Commodities
- iron_ore
Evidence facts81
5074000000.0 USD
2026-06-305302000000.0 USD
2026-06-30629000000.0 USD
2026-06-3020245000000.0 USD
2026-06-3016966000000.0 USD
2026-06-308635000000.0 USD
2026-06-302860000000.0 USD
2026-06-306836000000.0 USD
2026-06-303539000000.0 USD
2026-06-301025000000.0 USD
2026-06-303078964918 shares
2026-06-303078964918 shares
2026-06-30192300000.0 t wet product
2026-06-3018.74 USD/wmt
2026-06-309000000.0 t wet product
2026-06-30105.37 USD/wmt
2026-06-305055000000.0 t
2026-06-3056.4 %
2026-06-302851020000.0 t Fe
2026-06-302161000000.0 t
2026-06-3056.8 %
2026-06-301227448000.0 t Fe
2026-06-301883000000.0 t
2026-06-3055.9 %
2026-06-301052597000.0 t Fe
2026-06-301010000000.0 t
2026-06-3056.2 %
2026-06-30567620000.0 t Fe
2026-06-308884000000.0 t
2026-06-3057.0 %
2026-06-305063880000.0 t Fe
2026-06-3032000000.0 t
2026-06-3059.4 %
2026-06-3019008000.0 t Fe
2026-06-301655000000.0 t
2026-06-3058.0 %
2026-06-30959900000.0 t Fe
2026-06-307197000000.0 t
2026-06-3056.7 %
2026-06-304080699000.0 t Fe
2026-06-304505000000.0 t
2026-06-3030.706992230854606 %
2026-06-301383350000.0 t Fe
2026-06-302046000000.0 t
2026-06-3057.2 %
2026-06-301170312000.0 t Fe
2026-06-30338000000.0 t
2026-06-3067.3 %
2026-06-30227474000.0 t Fe
2026-06-301126600000.0 t
2024-06-100.38 %
2024-06-104281080.0 t Cu
2024-06-10890400000.0 t
2024-06-100.24935085354896677 %
2024-06-102220220.0 t Cu
2024-06-102017000000.0 t
2024-06-100.32232523549826475 %
2024-06-106501300.0 t Cu
2024-06-10100 %
2026-06-3040000000.0 t/yr
2026-06-30100 %
2026-06-3051000000.0 t/yr
2026-06-30100 %
2026-06-3070000000.0 t/yr
2026-06-30100 %
2026-06-3030500000.0 t/yr
2026-06-30196000000.0 USD
2026-06-30136000000.0 USD
2026-06-302024-06-10 date
2024-06-102022-07-01 date
2026-06-3050000000.0 t wet product
2026-06-302700000.0 t wet product
2026-06-303200000000.0 USD
2026-09-305371000000.0 USD
2026-09-30900000000.0 USD
2026-09-3044300000.0 t wet product
2026-09-302500000.0 t wet product
2026-09-3015.32 AUD/share
2026-10-137697472 shares
2026-10-1382 USD/dmt FOB
2026-10-0264 USD/dmt FOB
2026-10-02