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Fortescue JUNE 2026 QUARTERLY PRODUCTION REPORT 31 JULY 2026 Operational excellence delivers record FY26 shipments and strong cost control Summary • • • • • • • • • • • • • Continued focus on safety contributed to a Leading Safety Index ( LSI ) of 172 and a Total Recordable Injury Frequency Rate ( TRIFR ) of 1.3 for the 12 months to 30 June 2026 ( FY26 ) . Total iron ore shipments of 52.7 million tonnes ( Mt ) in Q4 FY26 contributed to record shipments of 201.3Mt in FY26 . Shipments of Iron Bridge Concentrate were 2.7Mt in the quarter and totalled 9.0Mt in FY26 , a 27 per cent increase on the prior year . Strong cost management resulted in a Hematite C1 unit cost of US $ 19.37 / wet metric tonne ( wmt ) in Q4 FY26 and US $ 18.74 / wmt in FY26 , within guidance despite inflationary pressures . Hematite realised price of US $ 89 / dry metric tonne ( dmt ) for the quarter , realising 84 per cent of the average Platts 61 % CFR Index , and a realised price of US $ 91 / dmt in FY26 . Iron Bridge Concentrate realised price of US $ 118 / dmt for the quarter was 97 per cent of the average Platts 65 % CFR Index and 112 per cent of the average Platts 61 % CFR Index . Strong cash flow generation contributed to a cash balance of US $ 5.1 billion and net debt of US $ 0.8 billion at 30 June 2026. This is after capital expenditure of US $ 3.6 billion in FY26 . Port outload capacity is approximately 205Mtpa , with options being assessed to increase capacity to 210Mtpa . The ramp - up of Iron Bridge and improved Hematite supply chain performance provide flexibility to optimise volumes and product mix in response to market conditions . Following consideration of Iron Bridge's revised ramp up schedule and a range of production scenarios , including nameplate capacity of 22Mtpa , Fortescue expects to recognise a non - cash impairment charge of approximately US $ 525 million after tax in its FY26 financial results . The charge will be excluded from Underlying net profit after tax ( NPAT ) . Rapid progress on the build out of a fully integrated green grid , strengthening Fortescue's long- term cost position as it decarbonises its Pilbara operations , while creating future opportunities to supply renewable energy to other industries . Commenced construction of the 690MW Turner River solar farm , the final solar installation required to deliver Fortescue's Real Zero target . Welcomed senior Chinese industrial leaders to Perth for the Boao Forum for Asia , including representatives from major suppliers and partners across steel , renewables and mining equipment . A new Native Title Agreement and Co - Management Agreement approved by the Puutu Kunti Kurrama and Pinikura ( PKKP ) people , including an innovative mining fleet hire arrangement . Ms Elizabeth Gaines resigned as Executive Director with effect from 30 June 2026. Ms Sigrid Kaag was appointed to the Fortescue Board as a Non - Executive Director . FY27 guidance for total shipments is 197 - 207Mt , including 11 - 14Mt from Iron Bridge ( 100 per cent basis ) ; and a Hematite C1 unit cost of US $ 20.50 - US $ 21.75 / wmt . FORTESCUE | JUNE 2026 QUARTERLY PRODUCTION REPORT Page 1 of 6