Fortescue Ltd (FMG) Q2 2025 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.233 -- 00:00:03.456 Thank you and welcome all. It's great to be back with you again. 00:00:03.456 -- 00:00:09.402 I'm here in London and joining me is Mark Hutchinson, an Apple Padgett CFO. 00:00:09.402 -- 00:00:14.787 Last month, we presented our quarterly production results, which included our highest 00:00:14.787 -- 00:00:18.730 ever first half shipments of 97.1 million tonnes. 00:00:18.730 -- 00:00:24.015 We did this while achieving an outstanding safety performance with a significant improvement 00:00:24.015 -- 00:00:29.866 across all our safety indicators, including a 44% improvement in truth. 00:00:29.866 -- 00:00:34.913 We remain on track to deliver our FY25 guidance, despite recent weather events in 00:00:34.913 -- 00:00:38.859 the Pilbara, including cyclone Zelia last week. 00:00:38.859 -- 00:00:44.026 The team was well prepared and did a phenomenal job in managing its impacts, 00:00:44.026 -- 00:00:49.274 working hard to resume normal activities as safely and quickly as possible. 00:00:49.274 -- 00:00:53.059 Apple will talk to the financial shortly. However, there were a few results I wanted 00:00:53.059 -- 00:00:56.140 to call out. We continue to keep our costs low. 00:00:56.140 -- 00:01:01.565 achieving a hematite C1 of 19.17 a tonne in the half, 00:01:01.565 -- 00:01:06.830 delivering a strong underlying EBITDA of 3.6 billion and a net profit 00:01:06.830 -- 00:01:12.456 after tax of 1.6 billion. Reflecting these results, the board today 00:01:12.456 -- 00:01:17.641 declared a fully franked interim dividend of 50 Aussie cents per share, 00:01:17.641 -- 00:01:22.886 representing a 65% payout of net profit after tax and a return 00:01:22.886 -- 00:01:26.836 of 1.5 billion Aussie dollars to our shareholders. 00:01:26.836 -- 00:01:29.439 The...