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2026-08-23 07:31 UTC → 2026-08-31 04:35 UTC ·
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Leading up to its FY26 results, market anticipation for For the fiscal year ending June 30, 2026, BHP Group focused on its dividend potential, supported by record iron ore volumes reported a 9% increase in the Pilbara statutory attributable profit to US$9.8 billion and copper production near 2 million tonnes. Analysts noted a healthy balance sheet and strong performance by industry peers as indicators that dividends might exceed expectations. On 16 August 2026, BHP confirmed 15% rise in revenue to US$58.8 billion. A defining feature of this period was a significant structural shift in its earnings, as copper overtook iron ore as the company’s primary profit driver for the first time. Driven by copper prices exceeding US$14,000 per metric ton—fueled by demand from AI data centers and the global energy transition—copper contributed 54% of the group’s underlying EBITDA. Specifically, copper driver. Copper generated US$18.19 billion in underlying EBITDA out EBITDA, accounting for 54% of a the group’s total group underlying EBITDA of US$32.9 billion. This performance was bolstered supported by average realized copper prices rising approximately 35% to US$5.74 per pound. For Despite the fiscal year ending June 30, 2026, pivot toward copper, BHP reported a 9% increase in net profit to US$9.8 billion and a 15% rise in revenue to US$58.8 billion, while underlying attributable profit grew by 30% to US$13.2 billion. The company also achieved record iron ore production of 264.7 million tonnes. In response, BHP response to the strong results, the board declared its highest annual dividend in four years, totaling US$1.72 per share, which included a final dividend of US$0.99 per share. CEO Brandon Craig emphasized a Analysts have noted BHP’s strategic focus on copper, outlining copper and other critical minerals to capitalize on global electrification and decarbonization trends. To meet this demand, the company is developing a copper pipeline in across Australia, Chile, and Argentina intended Argentina, aiming to increase copper production by up to 40% by 2035. While copper output remained stable at approximately 2 million tonnes, the company anticipates a short-term production dip before long-term growth commences. By 21 late August 2026, the broader mining sector sector, including peers like Anglo American, showed similar strength due to driven by robust commodity prices. prices and improved realized prices for industrial metals.