Business Summary: BHP Group Limited is an Australia-based resources company. The Company is a producer of commodities, including iron ore, copper, nickel, potash and metallurgical (steelmaking) coal. It is focused on offering a range of resources, which provides copper for renewable energy; nickel for electric vehicles; potash for sustainable farming, and iron ore and metallurgical coal for the steel needed for global infrastructure and the energy transition. Its segments include Copper, Iron Ore, and Coal. Its Copper segment is engaged in mining of copper, silver, zinc, molybdenum, uranium, and gold. Its Iron Ore segment is engaged in mining of iron ore. Its Coal segment is engaged in mining of metallurgical coal and energy coal. The Company is also focused on operating Olympic Dam, Prominent Hill, and Carrapateena underground copper-gold mines in South Australia. Its operations are situated in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and others.
Financial Summary: BRIEF: For the six months ended 31 December 2024, BHP Group Ltd revenues decreased 8% to $25.18B. Net income increased from $927M to $4.42B. Revenues reflect Iron Ore segment decrease of 18% to $11.51B, Iron Ore, Avg Price per Met Ton, Total decrease of 22% to $81 per metric ton, Iron Ore Production MT - Jimblebar decrease of 9% to 34.3M metric tons. Net income reflects Expenses excluding net finance costs decrease of 18% to $16.37B (expense).