BHP
Big gains, but not a victory lap
BHP Group came in with higher FY26 profit on the back of revenue growth, which is exactly the sort of sentence shareholders like to hear before coffee. The stock popped, and for good reason: better profits plus a higher dividend is the corporate version of finding money in the couch cushions.
Copper is the plot twist
The not-so-fun bit is copper. BHP said production was weak in FY26 and expects it to stay weak in FY27. That matters because copper is one of those boring-sounding metals that suddenly becomes very exciting whenever the world wants more grids, data centers, EVs, and basically anything that plugs into a wall.
The long game is still the long game
Even with the near-term softness, BHP also said it sees copper production growth by FY35. That’s a nice way of saying: the next 12 months may be messy, but management wants you thinking about the decade, not the quarter. In mining-land, that’s classic behavior — massive timelines, giant capex, and a lot of patience.
Why investors care
For you, the takeaway is pretty simple:
- Profit is up now, which supports the stock and the dividend story.
- Copper is still a near-term headache, which could cap excitement.
- The FY35 growth outlook keeps the long-term bull case alive.
Big picture: BHP is handing investors a mixed bag — better earnings today, softer copper tomorrow, and a pretty shiny long-term roadmap to keep everyone looking past the potholes.