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BHP Group Limited (ASX:BHP)

ALERT: Price-sensitive ASX Announcement for BHP
Current share price for BHP : $62.250 0.05 (0.08%)+
Announcement
Release
18 Aug 2026 8:33AM
Price at Release
$62.200
Full Release
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Summary
BHP Group Limited reported robust financial performance for the fiscal year ending June 30, 2026, with a 15% increase in revenue to $58.8 billion and a 9% rise in attributable profit to $9.8 billion. The company achieved a 27% increase in Underlying EBITDA to $32.9 billion, driven by operational excellence and improved commodity prices, particularly in copper which constituted 54% of the Group's Underlying EBITDA. Capital and exploration expenditures reached $10.3 billion, focusing on expansions in Chile, Canada, and Australia. The balance sheet remained strong, with a net operating cash flow of $21.8 billion and reduced net debt of $8.7 billion. Key advancements included significant investments in the Escondida and Jansen projects.
Key Points
  • BHP reported strong financial results for FY2026, driven by operational excellence and higher commodity prices.
  • Revenue increased by 15% to $58.8 billion, and attributable profit rose by 9% to $9.8 billion.
  • Underlying EBITDA increased by 27% to $32.9 billion, with the EBITDA margin improving to 59%.
  • Copper was a significant contributor, making up 54% of the Group's Underlying EBITDA.
  • Capital and exploration expenditure were $10.3 billion, focusing on growth projects in Chile, Canada, and Australia.
  • Net operating cash flow increased by 17% to $21.8 billion, while net debt decreased to $8.7 billion.
  • BHP's balance sheet remains strong with a gearing ratio of 13.4%.
  • Investments included $4.7 billion in Copper and $1.8 billion in the Jansen potash project.
  • Escondida achieved record throughput, with a 10% reduction in unit costs due to operational improvements.
  • BHP is advancing major projects, including Jansen Stages 1 and 2, targeting significant capacity increases.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.