Overview
- BHP reported stronger full‑year results on Tuesday with revenue of US$58.8 billion and net profit of US$9.8 billion for the year to June 30.
- Copper generated about US$18 billion and roughly 54% of BHP’s underlying EBITDA, making the metal the company’s largest source of operating profit for the first time.
- The board declared a final dividend of US$0.99 a share, taking the full‑year payout to US$1.72 per share (about US$8.7 billion), as the company increases capital and exploration spending by around 5%.
- BHP says a pipeline of projects in Chile, Australia and Argentina could lift copper output by about 40% by 2035, and it expects global copper demand to exceed 50 million tonnes a year by 2050.
- Management warned of near‑term operational risks such as Port Hedland industrial action and supply disruptions in other mines, and analysts flagged valuation and execution risks as markets revalue BHP toward an electrification and AI copper story.