Key Highlights

  • BHP Group Limited (ASX:BHP) trades ex-dividend on 3 September 2026 for a fully franked Dividend of $1.392 per share, payable 23 September 2026
  • Group Revenue for the year ended 30 June 2026 increased 15% to US$58.8 billion, while underlying EBITDA rose 27% to US$32.9 billion
  • Underlying attributable profit increased 30% to US$13.2 billion, while attributable profit rose 9% to US$9.8 billion after exceptional items including a US$2.3 billion Impairment related to the Jansen project
  • Copper contributed 54% of Group underlying EBITDA, up from 45% in FY25, marking the first year Copper generated the majority of Group earnings

BHP Group Limited (ASX:BHP) shares are scheduled to trade ex-dividend on Thursday, 3 September 2026, ahead of the company's fully Franked Dividend of $1.392 per share, which will be paid to eligible shareholders on 23 September 2026. The dividend follows the release of BHP's financial results for the year ended 30 June 2026.

Group Financial Performance

Revenue for FY2026 increased 15% to US$58.8 billion, up from US$51.3 billion in FY25. Attributable profit rose 9% to US$9.8 billion from US$9.0 billion in the prior year. On an underlying basis, attributable profit increased 30% to US$13.2 billion from US$10.2 billion, with the difference between the two measures reflecting exceptional items during the period.

Profit from operations increased 23% to US$23.9 billion from US$19.5 billion in FY25. Underlying EBITDA rose 27% to US$32.9 billion from US$26.0 billion, while the underlying EBITDA Margin expanded to 59% from 53% in the prior year. The company's adjusted effective tax rate was 36.5% for FY2026, slightly lower than 37.2% in FY25, with FY2027 guidance set in a range of 35% to 40%.

Drivers of Performance

BHP attributed the increase in revenue of US$7.5 billion to increased volumes delivered in a constructive price environment, with operational performance allowing the company to capitalise on higher copper, iron ore and steelmaking coal prices. The company reported unit costs 6.1% lower across its major Assets despite headwinds from Inflation of 4.0% in Australia and 3.7% in Chile, alongside higher diesel prices and global Supply chain disruptions.

Escondida delivered a 10% decrease in unit costs, while Copper South Australia achieved a 73% reduction in unit costs, supported by increased gold and silver byproduct credits. Western Australia Iron Ore (WAIO) maintained its position as the lowest-cost major iron ore producer globally.

Copper's Contribution to Group Earnings

Underlying EBITDA increased by approximately US$7 billion to approximately US$33 billion for the year. Copper contributed 54% of Group underlying EBITDA, up from 45% in FY25, and the segment's contribution increased to a record level of more than US$18 billion. This marked the first year in which the majority of Group underlying EBITDA was generated from Copper. The Group's underlying EBITDA margin increased six percentage points to 59%, the highest level in four years, while maintaining a 25-year average underlying EBITDA margin above 50%. Within Copper specifically, the underlying EBITDA margin reached 70%, an increase of 11 percentage points from FY25.

Tax Contributions

BHP reported total payments to governments of US$12.4 billion for FY2026, up from US$10.4 billion in FY25, with the company noting it continues to be one of the largest corporate taxpayers in both Australia and Chile. Operating costs during the year included US$2.9 billion of revenue and production-based royalties. When including these Royalty payments in the calculation, the company's adjusted effective tax rate was 42.9%, down from 44.6% in FY25.

Exceptional Items

Attributable profit growth of 9% was affected by exceptional items during the period, including a US$2.3 billion impairment recognised in relation to the company's Investment in the Jansen project, and US$1.1 billion related to the Samarco dam failure. Adjusting for these and other exceptional items produced the underlying attributable profit figure of US$13.2 billion, representing growth of 30% over FY25.

Conclusion

BHP's FY2026 results reflect a year in which Copper became the largest single contributor to Group Earnings for the first time, supported by cost reductions at several major operations and a constructive pricing environment across its Commodity portfolio. Reported attributable profit growth was more moderate than the underlying measure due to exceptional charges including the Jansen project impairment and costs associated with the Samarco dam failure, while the Board proceeded with a fully franked dividend ahead of the September ex-dividend date.