BHP publishes transcript of CEO Brandon Craig's address at 2026 AGM
BHP•BHP CEO Brandon Craig said FY2026 underlying attributable profit rose 30% to US$13 billion and underlying EBITDA increased to US$33 billion. The company targets 3%-4% annual production growth through 2035, including about 5% annual copper growth, and expects Jansen to begin production in mid-2027.
1. Earnings and copper
BHP CEO Brandon Craig addressed shareholders at the 2026 annual general meeting in Sydney and online. FY2026 underlying attributable profit rose 30% to US$13 billion, while underlying EBITDA increased to US$33 billion. Copper contributed more than half of earnings for the first time, and BHP is now the world's largest copper producer.
2. Production plans
BHP's current plans target approximately 3%-4% compound annual production growth through 2035, including around 5% annual copper growth. The Jansen project is progressing toward first production in mid-2027 after delays and cost overruns; it is expected to add a new earnings stream.
