BHP Appendix 4E and 2025 Annual Report

Open PDF
Stock BHP Group Limited (BHP.ASX)
Release Time 19 Aug 2025, 8:19 a.m.
Price Sensitive Yes
 BHP Appendix 4E and 2025 Annual Report
Key Points
  • Record copper production, iron ore production, and steelmaking coal production
  • First potash production estimated mid-CY2027
  • Dividend per share of 110 US cents
Full Summary

BHP Group Limited has released its Appendix 4E and 2025 Annual Report, highlighting the company's resilience and growth in the past financial year. Key achievements include record copper production, with the highest production in 17 years at Escondida, a record at Spence, and record quarterly production in Q4 at Copper South Australia. The company also achieved a third consecutive year of record iron ore production at WAIO, demonstrating supply chain excellence from pit to port. Steelmaking coal production increased by 5% in Queensland, with improved truck productivity offsetting heavy wet weather and geotechnical challenges. The Jansen potash project is 68% complete and is expected to have operating costs at the low end of the cost curve when fully ramped up, with first production estimated in mid-CY2027. Financially, the company performed strongly, generating significant cash flow and returning US$5.6 billion to shareholders through dividends, representing 55% of underlying attributable profit. BHP's Chair, Ross McEwan, acknowledged the contribution of his predecessor, Ken MacKenzie, and highlighted the company's resilience and ability to create long-term value for shareholders, local communities, customers, suppliers, and partners. The company remains well-positioned to meet global demand for the commodities it produces, with a portfolio and growth options aligned to the global trends shaping the future.

Guidance

BHP expects to achieve first potash production from the Jansen project in mid-CY2027.

Outlook

BHP is well-placed to meet the challenges of the rapidly changing world, with a combination of outstanding people, world-class assets, and execution excellence that creates long-term value for shareholders and communities. The company is confident in its ability to continue creating value for its partners and stakeholders in the year ahead and for decades to come.