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BHP Group
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Latest analysis
Updated Oct 22, 2026
BHP reports record copper earnings, $2.40 dividend; CEO Craig targets disciplined growth and technology-driven performance
BHP delivered strong FY2026 operational and financial results with underlying EBITDA of $33 billion and attributable profit up 30% to $13 billion, driven by record production at Western Australia Iron Ore and Olympic Dam's highest copper output in 20+ years. Copper contributed over half of earnings for the first time as BHP cemented its position as the world's largest copper producer. New CEO Brandon Craig identified three priorities: strengthening safety and foundational relationships, accelerating performance through technology integration with the BHP Operating System, and delivering disciplined growth—including potash production from Jansen mid-2027 and a portfolio targeting 3–4% compound annual production growth through 2035. The Board approved FY2026 dividends of $2.40 AUD per share ($8.7 billion total), the highest in four years, signaling confidence in near-term cash generation and future growth execution.
Tone: bullishRevenue
$51.3B
BHP 20-F · FY 2025
Revenue FY2025
$55.7B
Headquarters
Melbourne, Victoria, Australia
Profile
BHP 20-F Item 4.B · Aug 18, 2026BHP Group Limited is a global diversified resources company with operations in copper, iron ore, and coal. The company produces and markets commodities to customers primarily across Asia, with China representing its largest single market. BHP operates across Australia, North America, and South America.
Read filing description ↓ Collapse description ↑
BHP Group Limited is a leading global resources company with three principal operating segments: Copper, Iron Ore, and Coal. The company's operations span Australia, North America, and South America, with a significant non-current asset base concentrated in Australia and South America. BHP's revenue is derived from the sale of commodities to customers across multiple geographies, with China representing the single largest customer market. The Copper segment is the largest revenue contributor in fiscal year 2026, followed by Iron Ore and Coal. BHP also earns revenues from freight and fuel sales to third parties as well as from unallocated operations. Exploration and technology activities are recognised within relevant segments. The company reports its financial results in US dollars and is incorporated in Victoria, Australia, with its principal executive offices located in Melbourne.
Primary products
- Copper
- Iron Ore
- Coal
- Freight and fuel (to third parties)
Business segments
End markets
Geographies
Named customers
Revenue commentary · FY 2025
Reported in USD. Group total revenue increased from $51,262 million in fiscal year 2025 to $58,760 million in fiscal year 2026, driven primarily by a substantial increase in Copper segment revenue from $22,530 million to $29,031 million.
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