• Copper and iron ore production on track, with upper half guidance expected
• CEO succession with Brandon Craig to succeed Mike Henry from July 1, 2026
• Disciplined capital management with asset divestments and copper growth projects advancing

BHP has delivered strong operational performance over the past nine months, with record material mined and concentrator throughput at Escondida and record production at WAIO. The company's copper production is now expected to be in the upper half of the FY26 guidance range, with Escondida and Antamina offsetting lower production at Spence. Iron ore production remains on track, with WAIO achieving record production. BHP also announced that Brandon Craig will become the new CEO, succeeding Mike Henry, effective July 1, 2026. Brandon brings over 25 years of operational and corporate leadership experience at BHP, having most recently served as the company's President Americas. During this time, BHP became the world's largest copper producer and advanced high-quality growth options in copper and potash. BHP continues to make progress on its copper growth program, including submitting the Environmental Impact Declaration permit for the Escondida New Concentrator and completing a key milestone at the Resolution Copper project. The company has also realized around US$4.8 billion through the completion of the Antamina silver streaming transaction and the divestment of the Carajas assets, further strengthening its balance sheet.

FY26 Group copper production is now expected to be in the upper half of the guidance range, with Escondida (upper half) and Antamina (increased) offsetting Spence (lowered). FY26 unit cost guidance has been improved at Escondida.