Overview
- BHP posted underlying attributable profit of $6.20 billion for the half year, up 22% year on year and ahead of consensus, with revenue rising about 11% to $27.9 billion.
- Copper supplied 51% of underlying operating earnings, marginally surpassing iron ore, as the company lifted full‑year copper guidance to 1.9–2.0 million tonnes after roughly 30% production growth over four years.
- Directors declared an interim dividend of US73 cents per share at a 60% payout ratio, and the stock jumped nearly 7% in early trading in Australia.
- BHP agreed a $4.3 billion silver streaming deal with Wheaton Precious Metals tied to its Antamina share, and, together with December’s $2 billion sale of a stake in its WA iron‑ore power network, said these transactions unlock over $6 billion with potential to reach $10 billion.
- Western Australia iron ore output hit a record 146.6 million tonnes for the half as unit costs rose about 7%, and the company highlighted four copper growth options across Chile, Argentina, Arizona and South Australia.