BHP(BHP) - 2025 H2 - Earnings Call Presentation

Financial Performance - Underlying EBITDA was US$26 billion[33], with a 53% margin[35] - Underlying profit reached US$102 billion[33] - Dividends determined totaled US$56 billion[33] - Net debt stood at US$129 billion[35] Production and Operations - FY25 copper production exceeded 2 million tonnes[24], marking a 28% growth from FY22-25[24] - Western Australia Iron Ore (WAIO) achieved record production[24], contributing to an overall iron ore production of 263 million tonnes[40] - Escondida achieved its highest production in 17 years[40] Capital Allocation and Projects - Group capex is forecast to reduce by approximately US$1 billion per annum in the medium term[44] - Jansen Stage 1 capex is estimated to increase from US$57 billion to US$70-74 billion[71], with first production expected in mid-2027[69] - Investment in WAIO's 6th car dumper is approved at approximately US$09 billion[74], with an IRR exceeding 30%[74] Social Value - Indigenous procurement spend reached US$853 million[130], a 40% year-over-year increase[130] - Operational GHG emissions are 36% below the FY20 baseline[130]