BHP Group’s first-half profit jumps 22% on higher commodity prices

BHP Group (ASX: BHP) on Tuesday reported a better-than-expected half-year underlying profit, driven by record first-half iron ore production and higher prices for its key commodities, iron ore and copper.

The world’s largest listed miner produced a record 146.6 million metric tons of iron ore from its Western Australia operations on a 100% basis.

BHP achieved higher average realised prices for its major commodities, with copper prices rising 32% in the first half compared with the same period last year.

That helped the world’s largest listed miner report underlying attributable profit of $6.20 billion for the six months ended December 2025, beating the Visible Alpha consensus of $6.03 billion and ahead of the prior period’s $5.08 billion.

BHP also declared an interim dividend of 73 cents per share, representing a payout ratio of 60%.

(Reporting by Sameer Manekar and Rajasik Mukherjee in Bengaluru; Editing by Lisa Shumaker)