MELBOURNE, 17 February 2026 – BHP Group has delivered a robust half-year financial performance, headlined by a significant jump in profits and the announcement of a multi-billion dollar silver streaming agreement. The results, released today, underscore the mining giant’s strategic pivot toward “future-facing” commodities as copper production continues to drive the company’s growth.
Financial Performance and Dividends
BHP reported a 28% increase in net profit for the half-year ended 31 December 2025, reaching US$5.64 billion (approximately A$8.6 billion). This surge was largely attributed to higher average realised prices for major commodities, particularly copper, which saw prices rise 32% compared to the same period last year. Revenue for the period rose by 11%.
Following these strong results, the Board has declared an increased interim dividend for shareholders, reflecting the company’s healthy cash flow and operational resilience despite recent volatility in iron ore export volumes to China.
Major Silver Streaming Agreement
In a significant move to optimise its portfolio, BHP has entered into a long-term silver streaming agreement with Wheaton Precious Metals. The deal involves BHP’s 33.75% share of silver production from the Antamina mine. Under the terms of the agreement, BHP will receive an upfront cash payment of US$4.3 billion.
The stream is scheduled to take effect on 1 April 2026. Wheaton Precious Metals will purchase BHP’s share of payable silver until a total of 100 million ounces has been delivered, after which the stream will continue at a reduced percentage. This transaction provides BHP with immediate capital to further its investments in copper and potash growth projects.
Operational Highlights and Strategy
Copper has emerged as a primary engine for BHP’s earnings, now accounting for over half of the company’s underlying EBITDA. The company has achieved approximately 30% growth in copper production over the last four years, a move management says has positioned BHP ahead of a strengthening global market for the red metal.
While iron ore remains a cornerstone of the business, the company is diversifying into potash and expanding its footprint in South America, including new investments in Argentina. Domestically, BHP continues to invest in Western Australian operations, recently awarding a A$175 million contract to Monadelphous Group for major works.
BHP Group: Key Facts and Profile
| Feature | Details |
|---|---|
| Established | August 1885 |
| Headquarters | Melbourne, Victoria, Australia |
| Primary Commodities | Iron Ore, Copper, Metallurgical Coal, Potash |
| Original Location | Broken Hill, New South Wales |
| Market Position | World’s largest mining company by market capitalisation |
Frequently Asked Questions
What caused the jump in BHP’s 2026 half-year profit?
The 28% profit jump was driven by an 11% rise in revenue and significantly higher realised prices for commodities. Copper, in particular, saw a 32% price increase, contributing to more than half of the company’s EBITDA.
What are the details of the silver deal with Wheaton Precious Metals?
BHP signed a silver streaming agreement for its share of the Antamina mine’s production. BHP receives an upfront payment of US$4.3 billion, while Wheaton Precious Metals gains the rights to purchase silver production starting 1 April 2026.
Is BHP still focused on iron ore?
Yes, iron ore remains a major part of BHP’s operations. However, the company is actively shifting its portfolio toward “future-facing” minerals like copper and potash to align with global decarbonisation and food security trends.
Where is BHP headquartered?
BHP is headquartered in Melbourne, Victoria, maintaining its long-standing roots in Australia since its founding in 1885.