BHP Half-Year Profit Soars 27.7% as Copper Output Climbs 30%
BHP’s half-year net profit jumped 27.7% to US$5.64 billion as copper output rose about 30% over four years, boosting revenue by 10.8% to US$27.9 billion. Copper is now BHP’s top earnings contributor while record H1 iron ore shipments further bolstered results.
1. Half-Year Financial Results
BHP reported half-year revenue of US$27.9 billion, up 10.8% year-over-year, and net profit of US$5.64 billion, a 27.7% increase, driven by stronger commodity prices and operational efficiency.
2. Copper Production Surge
Copper output rose approximately 30% over the past four years, propelled by expansions at the Escondida mine in Chile, making copper BHP’s largest earnings contributor for the period.
3. Iron Ore Shipments
Record first-half iron ore shipments from Western Australia complemented metal revenues, reinforcing BHP’s position in the iron ore market and supporting overall sales volumes.
4. Economic Outlook
Management expects global GDP to grow around 3% in 2026, noting China’s resilience and India’s outperformance, which should underpin demand for copper and other key commodities.