The BHP Group Ltd (ASX: BHP) share price is in focus today after the mining giant released its FY26 results, highlighting a record US$32.9 billion underlying EBITDA (up 27%) and US$8.7 billion in dividends for shareholders.
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What did BHP Group report?
- Underlying EBITDA: US$32.9 billion, up 27% on FY25
- Underlying attributable profit: US$13.2 billion, up 30%
- Net operating cash flow: US$21.8 billion, up 17%
- Dividends determined: US$8.7 billion (172 US cents per share; 66% payout ratio)
- Net debt: US$8.7 billion (net debt to EBITDA ~0.3x)
What else do investors need to know?
BHP maintained strong operational performance across its key segments, with copper now accounting for 54% of group EBITDA and iron ore at record production. The company said it achieved a 6% unit cost reduction across major assets, further lifting its sector-leading profit margins.
Shareholder returns continue to be a priority, with BHP announcing it has unlocked US$6.3 billion in capital during the year and flagged a potential to unlock up to US$10 billion through infrastructure deals and asset sales. In addition, BHP reports ongoing investments in safety, decarbonisation, and digital technologies to drive long-term productivity.
What did BHP Group management say?
Speaking about the result, BHP's CEO, Brandon Craig, commented:
Our commitments to social value and partnerships with customers and communities make a positive difference. Our operational emissions are down about a third since FY20 and we remain on track for our FY30 target… BHP is well set for what comes next. We have significant opportunity to further lift performance across our assets and a clear pathway for growth. We are committed to keeping people safe, delivering our projects and generating strong returns for shareholders.
What's next for BHP Group?
Looking ahead, BHP is guiding for solid production growth, targeting a 3–4% compound annual growth rate in copper equivalent volumes through to FY35. The company is investing in a pipeline of organic growth projects, particularly in copper and potash, to respond to global megatrends like electrification and decarbonisation. Cost control and capital discipline will remain central to its strategy, with capex steady at around US$11 billion for FY27.
Management also flagged ongoing commitment to its climate and social value goals, including operational GHG emissions reduction and deepening Indigenous partnerships. Investors can expect BHP to continue prioritising capital returns while growing a future-facing portfolio.
BHP Group share price snapshot
Over the past 12 months, the BHP Group share price has thumped the S&P/ASX 200 index (ASX: XJO) with a gain of 50%.
