BHP reported revenue of $55.7 billion for FY2024, marking a 3% YoY increase, while net profit declined 33% YoY to $9.6 billion. The company declared total dividends of $7.7 billion ($1.52 per share) and maintained strong operational cash flow of $20.7 billion. Net debt stood at $9.1 billion, with a gearing ratio improvement to 15.7% from 18.7% in 2023.The company achieved record iron ore production at Western Australia Iron Ore operations but recorded a $3.8 billion impairment charge for Western Australia Nickel assets. Strategic developments included the divestment of Blackwater and Daunia coal mines for up to $4.1 billion and the acquisition of a 50% interest in Filo del Sol and Josemaria copper projects.Looking ahead, BHP maintains a strong position with total assets of $102.4 billion and net assets of $49.1 billion. The company's portfolio focuses on future-facing commodities with a robust growth project pipeline, though management anticipates challenging economic conditions in FY2025. BHP continues to prioritize operational excellence and capital discipline while maintaining strong credit ratings.

BHP reported revenue of $55.7 billion for FY2024, marking a 3% YoY increase, while net profit declined 33% YoY to $9.6 billion. The company declared total dividends of $7.7 billion ($1.52 per share) and maintained strong operational cash flow of $20.7 billion. Net debt stood at $9.1 billion, with a gearing ratio improvement to 15.7% from 18.7% in 2023.The company achieved record iron ore production at Western Australia Iron Ore operations but recorded a $3.8 billion impairment charge for Western Australia Nickel assets. Strategic developments included the divestment of Blackwater and Daunia coal mines for up to $4.1 billion and the acquisition of a 50% interest in Filo del Sol and Josemaria copper projects.Looking ahead, BHP maintains a strong position with total assets of $102.4 billion and net assets of $49.1 billion. The company's portfolio focuses on future-facing commodities with a robust growth project pipeline, though management anticipates challenging economic conditions in FY2025. BHP continues to prioritize operational excellence and capital discipline while maintaining strong credit ratings.