BHP Group reported an underlying attributable profit of $13.20 billion for the fiscal year. This result represents a 30% increase from the previous year. Strong commodity prices and record iron ore production drove the growth.
Copper became the company's largest earnings contributor for the first time. The metal generated over half of the company's underlying EBITDA, surpassing iron ore.
The world's largest miner declared a final dividend of 99 cents per share. Total annual payouts reached $1.72 per share, the highest level in four years. Net debt fell significantly to below $9 billion.
CEO Brandon Craig highlighted growing global demand for the company's commodities. Copper demand alone is projected to increase significantly by 2050.