Record for operational performance and capital discipline provides a resilient return and growth
We have released our financial results for the full year which ended June 30, 2025.
BHP Chief Executive Officer, Mike Henry:
“FY25 is a strong year for BHP, marked by a record of production, a leading margin of sustainable sector and disciplined capital allocation. Safety remains our highest priority, and we achieve an increase
We fulfill a full year production guide in all assets, and make new notes in copper and iron ore. Copper production exceeds 2 MT for the first time, up 28% over the past three years. We maintain our position as the lowest large iron ore producer in Waio where we send 290 MT-new production. The underlying EBITDA was US $ 26 billion with 53%margin, and the underlying profitable profit was US $ 10.2 billion. This strong performance allows us to determine the final dividend of 60 cents per share.
We also continue to invest in growth. In the next two years we hope to spend US $ 11 billion in capital and exploration, reducing the average of US $ 10 billion every year between FY28 and FY30. The Jansen project in Canada is estimated to provide the first potassium production in mid-20127. We optimize our growth program in Escondida in Chile, South Australian copper has the potential to double production through gradual expansion and the Vicuña project in Argentina advanced towards multi-degraded copper opportunities. In Waio, in the medium term we are targeting sustainable production of more than 305 MTPA.
We make significant progress in sustainability and remain in the path to reduce operational greenhouse gas emissions at least 30% of the FY20 level by FY30. We recently signed a charter contract for two dual ammonia bulk carriers to advance the reducing the intensity of the GHK emissions from our delivery and partners with Aurizon in southern Australia to reduce the movement of trucks and related emissions. The procurement of original procurement rose 40% over the past year, and we launched a plan for a 158,000 hectare conservation project in Copper South Australia. In April we reached a gender balance in our global employee base.
Various global economic prospects. Growth is expected to ease up to 3% or slightly below in the short term in the midst of changing trading policies, but commodity demand remains strong, especially in China and India. Chinese copper demand outperforms in FY25, while the demand for tough iron ore, driven by strong infrastructure investment and manufacturing activity in China. The price of steel making coal has softened due to excess supply, despite policy changes in China and the capacity of new explosions in Asia is expected to support the market. The Potassium market is expected to continue to benefit from growing and richer populations and the need for more sustainable agriculture.
We remain confident in the long -term fundamentals of steel, copper and fertilizer making materials, which are very important for global growth, urbanization and energy transition. Supported by a variety of portfolios from large assets, long life, low -cost operation that is disciplined and strong balance sheet, BHP is well positioned to provide eternal values through the cycle. “
Source: BHP
