BHP reported a 26% decline in underlying profit to $10.16bn for FY25, the lowest since 2020, due to a drop in iron ore prices. Revenue fell 8% to $51.3bn, with copper production hitting over 2 million tonnes for the first time. Despite lower cash flow and reduced dividend, BHP maintained capital expenditure guidance for FY26 and FY27, focusing on long-term growth in steel, copper, and fertilizers. BHP and Vale proposed a $1.4bn settlement for a UK class action lawsuit related to the 2015 Mariana dam collapse, with potential damages estimated at £36bn.

Read more at Yahoo Finance: BHP profit falls amid lower iron ore prices