Record shipments of 189 million tonnes contributed to Fortescue's second-highest earnings. -AAP Image
Iron ore miner Fortescue Metals Group has posted its second-highest full-year profit in the company's history on record shipments.Â
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Australia's third-biggest iron ore miner reported underlying earnings before interest, taxes, depreciation, and amortisation of $A15.4 billion for the year to June 30, 2022.
Net profit after tax was $A9.0b.
Record shipments of 189 million tonnes contributed to the second-highest earnings and operating cash flow in the Pilbara miner's history.
Outgoing Fortescue CEO Elizabeth Gaines said Fortescue was accelerating the transition to a green energy and resources company and was leading the way on decarbonisation.
She said the company had experienced a "strong start" to FY23.
Net cash flow from operating activities was $A9.6b and free cash flow was $A5.2b after investing $A4.5b in capital expenditure.
Fortescue said it has a strong balance sheet with cash on hand of $A7.6b and net debt of $A1.3b at June 30.
The fully franked final dividend of $A1.21 per share brings the total dividend declared in FY22 to $A2.07 per share.
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