BHP has reported a 26% decline in underlying attributable profit to $10.16bn for the financial year 2025 (FY25), which ended on 30 June. This marked the miner’s lowest full-year profit since 2020, according to media reports. The profit was hit by a 19% decrease in the average realised price for its iron ore. Revenue fell 8% year-on-year to $51.3bn, while underlying earnings before interest, taxation, depreciation and amortisation dropped 10%. Copper production surpassed 2 million tonnes for the first time, accounting for almost half of the group’s earnings, driven by output growth at its Escondida mine in Chile and ... (full story)