Fortescue Metals Group reported a net profit of US$3.37 billion for the year ended 30 June, a 41 percent decline and the miner’s weakest result in six years. The drop tracked a slide in benchmark iron-ore prices as demand from China flattened, a trend compounded by renewed trade-policy uncertainty after U.S. tariff threats. Revenue fell in line with the price downturn, and the Perth-based company reduced its final dividend by one-third to A$0.60 a share, keeping its full-year payout ratio at 65 percent of earnings. Faced with slimmer cash flow, Fortescue deferred the full ramp-up of its high-grade Iron Bridge project to 2028 and continued to trim spending on several other growth initiatives. Even so, executives reiterated their commitment to decarbonisation plans, saying green hydrogen and ‘green iron’ remain central to the group’s strategy. The company expects initial production using hydrogen at its Western Australian operations later this year while it looks for additional opportunities in critical minerals, energy and technology.