• Copper production up 4% driven by record throughput at Escondida
• Iron ore production resilient despite planned maintenance at WAIO
• Steelmaking coal production increased 8% on strong mining rates

BHP has delivered a strong operational performance in the first quarter of the 2026 financial year, with key highlights including a 4% increase in copper production driven by record concentrator throughput at Escondida, and an 8% rise in steelmaking coal production supported by strong mining rates at Broadmeadow and increased stripping at the company's open cut mines. Iron ore production remained resilient, declining 1% year-on-year, despite planned maintenance activities including the rebuild of Car Dumper 3 at Port Hedland, which was completed around 8% ahead of schedule. The company also made progress on key growth and decarbonisation initiatives during the quarter, securing environmental approval for the Laguna Seca Expansion at Escondida and entering into its largest renewable electricity agreement for Copper South Australia. BHP's Jansen potash project in Canada continues to advance, with Stage 1 reaching 73% completion and on track for production to begin in 2027, while Stage 2 is now 13% complete. The company remains on track to deliver on its full-year guidance, and the long-term demand fundamentals for its key commodities, including copper and potash, remain attractive.

Copper production guidance for FY26 remains unchanged at between 1,800 and 2,000 kt. Iron ore production guidance for FY26 remains unchanged at between 258 and 269 Mt. Steelmaking coal production guidance for FY26 remains unchanged at between 18 and 20 Mt (36 and 40 Mt on a 100% basis).

Overall macro-economic signals for commodity demand remain resilient, and global growth forecasts are moving higher. While BHP expects some deceleration in growth in the second half of calendar year 2025, the company still expects GDP growth of around 5% in China for the full year.