Fortescue has disclosed its September 2025 quarterly production report, indicating a strong start to FY26 with record first-quarter shipments of 49.7 million tonnes (Mt). This is a four per cent increase from the previous year.
The report also indicates a strong focus toward better safety conditions, with a Leading Safety Index (LSI) of 156 and a Total Recordable Injury Frequency Rate (TRIFR) of 1.4 on September 30 2025.
“We reached important milestones this quarter, including the successful syndication of a Renminbi-denominated term loan and the establishment of new global partnerships that will drive profitable decarbonisation,” Fortescue metals and operations chief executive officer Dino Otranto said.
“We’re continuing to see delivery of this on the ground, with ten electric excavators in operation and construction of our 190 megawatts (MW) solar farm at Cloudbreak now more than one third is complete.”
Otranto also added that Fortescue will implement a revised Hematite life of mine plan, reinforced by the support of the Blacksmith Project, which the company acquired recently.
Other key takeaways from the report include a hematite C1 unit cost of US$18.17/wet metric tonne (wmt) in Q1 FY26, a hematite average revenue of US$121/dmt for the quarter 103 per cent of the average 65 per cent CFR Index and 118 per cent of the average Platts 62 per cent CFR Index, and cash of US$4.6 billion and a net debt of US$1.9 billion on September 30, 2025, after the payment of the FY25 final dividend of US$1.2 billion and capital expenditure of US$902 million in the quarter.
Fortescue also released a 2025 Climate Transition Plan and revealed an update on decarbonisation partnerships to enable the delivery of its Real Zero by 2030 target.
Fortescue growth and energy chief executive officer Gus Pichot said that the company is continuing to evolve its growth opportunities across metals, critical minerals, energy, and technology in a disciplined and commercially focused way.
“Fortescue now has a global alliance of green energy and technology partners to work alongside to accelerate the delivery, scale, and economics of decarbonisation. This includes BYD, LONGi, XMCG, Envision Energy, and Liebherr, alongside our newly consolidated renewable technology company Nabrawind,” he said.
“These collaborations allow Fortescue Zero to focus on its strengths in research and development, keeping Fortescue at the forefront of breakthrough innovations.”
