Fortescue: Strong third quarter contributes to record nine-month shipments in Commodity News 25/04/2026 Summary Achieved a Leading Safety Index (LSI) of 173 and a Total Recordable Injury Frequency Rate (TRIFR) of 1.4 for the 12 months to 31 March 2026. Total iron ore shipments of 48.4 million tonnes (Mt) in Q3 FY26 contributed to record shipments of 148.7Mt in the nine months to 31 March 2026, four per cent higher than the same period last year. Shipments of Iron Bridge Concentrate were 2.0Mt in Q3 FY26, with production and outload impacted by weather disruptions related to Tropical Cyclones Mitchell and Narelle. Hematite C1 unit cost of US$18.29/wet metric tonne (wmt) in Q3 FY26 was four per cent lower than Q2 FY26 and contributed to a C1 unit cost of US$18.52/wmt in the nine months to 31 March 2026. Hematite realised price of US$92/dry metric tonne (dmt) for the quarter, realising 89 per cent of the average Platts 61% CFR Index. Iron Bridge Concentrate realised price of US$122/dmt for Q3 FY26 was 101 per cent of the average Platts 65% CFR Index and 117 per cent of the average Platts 61% CFR Index. Cash balance of US$4.2 billion and net debt of US$1.6 billion at 31 March 2026, after payment of the interim dividend of US$1.3 billion and capital expenditure of US$915 million in the quarter. Successfully completed the acquisition of Alta Copper, securing ownership of its portfolio of exploration assets, including the Cañariaco Copper Project in Northern Peru. Commenced construction of the 133MW Nullagine Wind Project and 440MW Solomon Airport solar farm, which will become Western Australia’s largest solar development. Green Metal Project at Christmas Creek is anticipated to produce first hot metal in the June Quarter 2026, with reduction technology pathways currently being explored. In April 2026, announced acceleration of the delivery of the world’s first, industrial and fully integrated green grid dedicated to eliminating fossil fuels from large-scale industry. In April 2026, announced Board approval to expand green energy capacity in the Pilbara with a US$680 million investment to develop 200MW of firmed green energy to meet growing demand for green power from industry, including data centres. Under its Green Grid program, Fortescue is building a combined 2.3GW of renewable generation capacity in the Pilbara, comprising 1.5GW of solar, 800MW of wind, firmed by more than 5GWh of batteries. Guidance for FY26 total shipments is unchanged at 195 – 205Mt. This is inclusive of Iron Bridge shipments of 9 – 10Mt (100 per cent basis, previously 10 – 12Mt). Guidance for FY26 Hematite C1 unit cost and capital expenditure remains unchanged. Iron Bridge FY26 shipments guidance has been revised due to weather-related impacts in the March Quarter. Portfolio optimisation of the Pilbara Operations (inclusive of Hematite and Iron Bridge) is underway with consideration of Port outload capacity and maximising portfolio value. An update is anticipated in three months. Fortescue Metals and Operations Chief Executive Officer, Dino Otranto said “We delivered a solid quarter, contributing to record shipments of 148.7 million tonnes for the nine months to March. That reflects a significant effort from the team right across the business. “At the same time, we’re getting on with decarbonising our operations and we’re already seeing the benefits. Given volatility in global energy markets, there’s never been a clearer reason why this matters. For us, it’s about str