BHP shares hit a record $67.72 as FY26 earnings jump and copper leads profits
AI Market Summary
BHP's record share high follows a strong FY26 report with higher revenue, EBITDA, and cash flow, driven mainly by copper, which now contributes 54% of underlying EBITDA and is supported by record production and firmer prices. Lower unit costs and a larger dividend reinforce operational momentum. The update is most supportive for copper-linked assets, though broker downgrades highlight valuation sensitivity after an outsized rally.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT+0.45%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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BHP shares touched a record intraday high of $67.72 and are up nearly 48% in 2026. Its latest results showed revenue rose 15% to US$58.8 billion and underlying EBITDA climbed 27% to US$32.9 billion, while underlying attributable profit increased 30% to US$13.2 billion. Copper contributed 54% of underlying EBITDA, overtaking iron ore as the company’s biggest profit source, while unit costs across major assets fell 6% and net debt ended the year at US$8.7 billion.
