Australian mining company BHP reported that the company had a net profit of US$7.9 billion for the fiscal year 2024 ended June 30, 2024, falling by 39% compared to the previous fiscal year. The decrease was due to an exceptional loss of US$5.8 billion (post-tax).

Meanwhile, BHP’s revenue was US$55.7 billion, a year-on-year increase of 3%, driven by higher realized prices of iron ore and copper, as well as increased sales.

EBITDA was posted at US$29 billion, up by 4% year on year. EBITDA margin remained at 54%, marking the company's eighth consecutive year with a margin above 50%.