BHP full-year profit jumps 30% to $13.2 billion as copper takes over half of revenue
AI Market Summary
BHP reported FY underlying profit of $13.2B (+30% YoY), beating expectations on stronger realised copper (+35%) and iron ore prices, and announced an aggressive 3%–4% annual copper-equivalent growth target through 2035. Copper surpassed half of group revenue for the first time, reinforcing supply growth plans despite declining Chilean grades that imply heavy capex needs. The results and dividend strength support near-term positive tone for copper-linked assets.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT-2.06%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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BHP posted full-year underlying profit of $13.2 billion, up 30% from a year earlier, beating expectations as copper and iron ore prices improved. Copper revenue made up more than half of group revenue for the first time, helped by a 35% jump in realised copper prices. The miner set a target of 3% to 4% copper equivalent growth per year through 2035, about double consensus expectations.
