BHP FY2026: Record Copper Drives 27% Underlying EBITDA Jump, Jansen Impairment Hits Profit
BHP sits 70% above its 52-week low of $51.83.
Summary
BHP reported FY2026 revenue of US$58.76B and underlying EBITDA of US$32.95B, up 27% year-on-year, driven by record copper performance. A US$2.3B Jansen impairment and US$1.1B Samarco costs weighed on profit, but the company raised its dividend and confirmed first potash production for mid-CY2027.
Key Events · Earnings and Guidance · BHP
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Record Copper Performance
Copper contributed over half of Group Underlying EBITDA for the first time, with revenue up US$6.5B to US$29.0B and underlying EBITDA up US$5.9B to US$18.2B, driven by higher copper prices (US$5.74/lb vs US$4.25/lb).
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Jansen Impairment
A non-cash impairment charge of US$2.3B was recognized on the Jansen potash project due to higher capital intensity, with Stage 2 investment estimate increased from US$4.9B to US$6.9B.
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CEO Transition
Brandon Craig was appointed CEO effective 1 July 2026, succeeding Mike Henry after a formal succession process.
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Dividend Increase
Total FY2026 dividends determined at US$1.72/share (US$8.7B), up from US$1.10/share in FY2025, with a final dividend of US$0.99/share payable 23 September 2026.
Analysis · BHP · Energy & Transportation
BHP's FY2026 annual report shows a strong operational year with underlying EBITDA up 27% to US$32.95B, driven by record copper prices and production. Copper contributed over half of Group Underlying EBITDA for the first time. However, a US$2.3B non-cash impairment on the Jansen potash project and US$1.1B in Samarco dam failure costs reduced reported profit. The company also announced a CEO transition and a higher dividend, signaling confidence in its growth pipeline.
How filings like this one have moved
In the 30 days to Oct 30, 2026, 38.3% of the 896 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BHP was trading at $88.21 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $224.5B. The 52-week trading range was $51.83 to $93.83. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.