BHP Group Ltd ADR reported a 30% year-over-year increase in underlying attributable profit to $13 billion for the second half of its 2026 financial year, driven by record copper earnings and disciplined cost management.
Underlying earnings before interest, tax, depreciation and amortization (EBITDA) rose 27% to $33 billion, with copper contributing 54% of the total—its highest share on record. Copper EBITDA reached $18 billion at a 70% margin, supported by a 35% annual rise in copper prices. Iron ore prices increased 3% over the same period.
The miner returned $8.7 billion in dividends for the full year, including a $5 billion final payout of $0.99 per share declared for the June half. Net debt fell below $9 billion, while return on capital employed (ROCE) strengthened to 26% and return on equity (ROE) reached 21%. The company’s market capitalization stood at $224.59 billion, with a trailing P/E ratio of 22.01.
Chief Executive Officer Brandon Craig highlighted BHP’s position as the world’s largest copper producer, noting copper contributed more than half of annual EBITDA for the first time. He emphasized a
