Fortescue Publishes Transcript of 2026 Annual General Meeting Speeches

By Public Technologies
  • Fortescue signed a 20-year power purchase agreement with Pilbara Minerals, CEO Dino Otranto told shareholders at its 2026 annual general meeting.
  • Otranto expects fleet electrification to cut unit costs by US$ 2 to US$ 4 a tonne in the next few years.
  • Executive Chairman Andrew Forrest targeted ending fossil-fuel use in 2028, ahead of the formal 2030 goal.
  • Growth and Energy CEO Gus Pichot warned negotiations with China Mineral Resources Group were pressuring the business in the short term.
  • FY26 underlying net profit totaled US$ 3.5 billion; the dividend was A$ 1.08, representing a 65% earnings payout.


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