
BHP Reports $10.16 Billion Profit, 26% Decline to Five-Year Low on Weak Iron Ore, Coal Prices; Plans Spending Cuts, Raises Dividend
BHP Group, the world's largest mining company, reported a 26% decline in its full-year profit for fiscal 2025, marking its lowest annual earnings in five years at $10.16 billion. The profit drop was primarily driven by weaker prices for key exports such as iron ore and coking coal amid soft demand from China. This decline in commodity prices reflects a cooling Chinese economy and an oversupplied global market. In response to the challenging environment, BHP signaled plans to cut capital and exploration spending. Despite the profit slump, the company declared a larger-than-expected final dividend, which supported a positive reaction in its shares. The downturn in BHP's earnings coincides with broader industry trends, including a 4.0% decrease in China's crude steel production to 79.7 million tons in July 2025 compared to the previous year, contributing to subdued demand for raw materials. Meanwhile, other miners like Gold Fields have benefited from rising gold prices, reporting a more than doubling of first-half profits and increased dividends.
Sources
RedboxGlobalGlobal Crude Steel Production Decreased by 1.3% To 150.1 Million Tons In July 2025 Compared To July 2024, According To Worldsteel 📉🏭
First SquawkChina’s Crude Steel Production Decreased By 4.0% To 79.7 Million Tons In July 2025 Compared To July 2024, According To WorldSteel
First SquawkGlobal Crude Steel Production Decreased by 1.3% To 150.1 Million Tons In July 2025 Compared To July 2024, According To Worldsteel

