Particle.news

Download on the App Store

BHP Posts 26% Drop in Underlying Profit on Weaker Iron Ore and Coal Prices

Statutory profit increased on one-off items.

A view shows the BHP Limited logo at their headquarters in Melbourne, Australia, March 24, 2025. REUTERS/Hollie Adams/File Photo
Image
Image
Australian mining giant BHP has trumpeted a strong year of profits

Overview

  • Underlying profit fell to US$10.2bn, revenue declined 8% to US$51.3bn, and underlying EBITDA decreased 10% to US$26bn.
  • Statutory profit rose 14% to US$9bn as non‑recurring items lifted the reported result.
  • BHP declared a final dividend of 60 US cents per share, down from 74 cents a year earlier.
  • The company cited lower realised prices for steelmaking commodities, including an average Pilbara iron ore price of US$82.13 per tonne versus US$101.04 in 2024.
  • Chief executive Mike Henry highlighted record production and strong margins, and the outcome was reported as broadly in line with market expectations.