BHP Group Limited (BHP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and thank you for joining us to hear about BHP's results for the first half of the 2025 financial year. I'm joined by our Chief Financial Officer, Vandita Pant. This half, we have delivered another strong six months of operational and financial performance. Our focus on operational excellence is part of our simple, clear strategy, and it's a competitive advantage. Coupled with our distinctive approach to social value, we continue to create enduring value for our shareholders and other stakeholders. We have been executing this strategy for some time. We've built a focused portfolio of the best large long-life assets in stable jurisdictions, in commodities that the world will need as it seeks to develop, digitalize, and decarbonize. This deliberate reshaping of our portfolio is the latest example of BHP's ability to continually position our business for success in response to the world around us. It's a feature of our 140-year history. Our focus on operational excellence, underpinned by our BHP operating system, ensures we unlock maximum value from the capital shareholders have entrusted us with. And our commitment to capital discipline and a resilient balance sheet means we can grow organically while continuing our track record of delivering healthy shareholder returns. Our results this half continue to deliver on this strategy. We've made an excellent start to the financial year. By the end of the financial year, we expect to have grown copper production by 24% over a three-year period. That includes the 10% growth we've delivered this half. Our ongoing focus on controlling cost escalation contributes to our consistently industry-leading margins. And we're on track to achieve full-year production and cost guidance across each of our commodities. Despite a numb...