Profit slump hits Aussie mining giant
On Tuesday morning, the $200bn ASX-listed behemoth reported underlying profits of $US10.2bn ($A15.7bn) for the 2025 financial year, a 26 per cent fall on the prior year.
Revenues came in at $US51.3bn ($A79bn), an 8 per cent fall on 2024.
Underlying earnings before interest, tax, depreciation and amortisation, meanwhile, tumbled 10 per cent to $US26bn ($A40bn).
The 'underlying' measure strips out one-off costs and gains and is designed to present a clearer picture of a company's performance.
Statutory profit, which includes one-off items, lifted 14 per cent from 2024 to $US9bn ($A13.8bn).
The company mines predominantly iron ore, coal and copper across Australia and Chile. Lower coal and iron ore prices hit BHP's revenues across the 2025 financial year. BHP. Credit: News Regional Media
Coal and iron ore are core inputs to steelmaking and prices are heavily dependent on Chinese demand for steel.
The miner credited a decline in iron ore and coal for its fall off in revenues.
BHP's average realised price for its Pilbara iron ore, or how much the company received for each tonne of material, was $US82.13 across the year compared with $US101.04 for 2024.
Iron ore accounts for the majority of the miner's earnings. BHP chief executive Mike Henry called the results a 'strong performance'. NewsWire / Emma Brasier Credit: News Corp Australia
Despite the falls in revenues, earnings and underlying profits, chief executive Mike Henry called the results 'a strong performance'.
'FY25 was another strong year for BHP, marked by record production, continued sector-leading margins and disciplined capital allocation,' he said.
'Safety remains our highest priority and we achieved year-on-year improvements across key metrics.
'Against a backdrop of global uncertainty this strong performance has led to robust financial outcomes and reflects the resilience of BHP's business and strategy.'
The results were broadly in line with market expectations.
Shareholders would receive a final dividend of 60c a share, the company said.
More to come .
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
AU Financial Review
21 minutes ago
- AU Financial Review
Trump slams ‘activists' over Rio, BHP copper mine delay
Washington | US President Donald Trump has slammed a coalition of environmental, Native American, and ecotourism advocates that won a court injunction overnight, stalling Rio Tinto and BHP's Resolution Copper project. A long-awaited land exchange required for the multi-billion-dollar project in Arizona to proceed was due on Tuesday (Wednesday AEST), but late on Monday night, a court announced it had issued a temporary restraint to hear the basis for an appeal.
Sydney Morning Herald
an hour ago
- Sydney Morning Herald
ASX set for gains, AI stocks weigh on Wall Street; $A drops
Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology. The S&P 500 slipped 0.7 per cent and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was down 70 points, or 0.2 per cent, in mid-afternoon trade, and the Nasdaq composite was down 1.4 per cent. The Australian sharemarket is set to rise, with futures at 4.58am AEST pointing to a gain of 20 points, or 0.2 per cent, at the open. The ASX lost 0.7 per cent on Tuesday. The Australian dollar lost ground. It was 0.6 per cent lower at US64.51¢ at 5.10am. Reporting season continues with Transurban and Stockland among those due up. The heaviest weight on Wall Street was Nvidia, whose chips are powering much of the move into AI. It sank 3 per cent. Another AI darling, Palantir Technologies, dropped 9.2 per cent for the largest loss in the S&P 500. It has seen bets build up sharply among investors this year that its stock price will drop, according to S3 Partners. Only Meta Platforms has seen a bigger increase in what's called 'short interest,' where traders essentially bet a stock's price will fall. Meta, the owner of Facebook and Instagram, fell 1.7 per cent. Loading Criticism has been rising that stock prices have shot too high, too fast and have become too expensive. One way companies can make their stock prices look less expensive is to deliver solid growth in profits. Palo Alto Networks climbed 4.7 per cent after reporting earnings and revenue for the latest quarter that topped analysts' expectations. The cybersecurity company also gave forecasts for profit and revenue in its upcoming fiscal year that were above Wall Street's. Home Depot's rise of 2.7 per cent, meanwhile, was the biggest reason the Dow was doing better than other indexes. The Dow had been flirting earlier in the morning with its own record, which was set in December.
The Age
an hour ago
- The Age
ASX set for gains, AI stocks weigh on Wall Street; $A drops
Wall Street is losing ground on Tuesday following drops for Palantir and other stars that had been riding the mania surrounding artificial-intelligence technology. The S&P 500 slipped 0.7 per cent and is on track for a third straight modest loss after setting its all-time high last week. The Dow Jones Industrial Average was down 70 points, or 0.2 per cent, in mid-afternoon trade, and the Nasdaq composite was down 1.4 per cent. The Australian sharemarket is set to rise, with futures at 4.58am AEST pointing to a gain of 20 points, or 0.2 per cent, at the open. The ASX lost 0.7 per cent on Tuesday. The Australian dollar lost ground. It was 0.6 per cent lower at US64.51¢ at 5.10am. Reporting season continues with Transurban and Stockland among those due up. The heaviest weight on Wall Street was Nvidia, whose chips are powering much of the move into AI. It sank 3 per cent. Another AI darling, Palantir Technologies, dropped 9.2 per cent for the largest loss in the S&P 500. It has seen bets build up sharply among investors this year that its stock price will drop, according to S3 Partners. Only Meta Platforms has seen a bigger increase in what's called 'short interest,' where traders essentially bet a stock's price will fall. Meta, the owner of Facebook and Instagram, fell 1.7 per cent. Loading Criticism has been rising that stock prices have shot too high, too fast and have become too expensive. One way companies can make their stock prices look less expensive is to deliver solid growth in profits. Palo Alto Networks climbed 4.7 per cent after reporting earnings and revenue for the latest quarter that topped analysts' expectations. The cybersecurity company also gave forecasts for profit and revenue in its upcoming fiscal year that were above Wall Street's. Home Depot's rise of 2.7 per cent, meanwhile, was the biggest reason the Dow was doing better than other indexes. The Dow had been flirting earlier in the morning with its own record, which was set in December.
