1 Top Management and Board of Directors; 2 Top shareholders; 3 Peer Comparison & Ranking of BHP; 4 Currency Synopsis: Australian Dollar (AUD) Top Management and Board of Directors Top Management Top Management [Six top executives with tenure > 5 yrs] Name Designation Since Appointment Mike Henry Chief Executive Officer, Executive Director 5 Yrs, 11 Mos Vandita Pant Chief Financial Officer 6 Yrs, 5 Mos Stefanie Wilkinson Company Secretary - Johan van Jaarsveld Chief Technology Officer - Catherine Raw Chief Development Officer - Rag Udd Chief Commercial Officer - Board Of Directors Board Of Directors [Eight directors with tenure > 5 yrs] Name Designation Since Appointment Gary Goldberg Director 5 Yrs, 10 Mos Dion Weisler Independent Non-Executive Director 5 Yrs, 6 Mos Christine O'Reilly Director - Michelle Hinchliffe Independent Non-Executive Director - Catherine Tanna Independent Non-Executive Director - Ross Maxwell Mcewan Independent Non-Executive Director - Xiaoqun Clever-Steg Independent Non-Executive Director - Don Lindsay Non-Executive Independent Director - Resignations in the past 2 years Name Designation Date of Resignation David Lamont Chief Financial Officer 07 December 2023 Prakash Kakkad Company Secretary 20 September 2023 Top shareholders Top 20 shareholders Name of the Share Holder Number Of Shares % of Capital HSBC Custody Nominees Australia Limited^ 1505458857 29.7 J P Morgan Nominees Australia Pty Limited 877830070 17.3 Citicorp Nominees Pty Ltd 426995047 8.4 Citicorp Nominees Pty Limited Citibank NY ADR DEP A/C 247550949 4.9 Computershare Clearing Pty Ltd CCNL Dl A/C= 164786389 3.2 South Africa Control A/C\C 151225339 3.0 BNP Paribas Nominees Pty Ltd Agency Lending A/C= 89225270 1.8 BNP Paribas Noms Pty Ltd 72150040 1.4 National Nominees Limited 53504139 1.1 HSBC Custody Nominees Australia Limited Nt-Comnwlth Super Corp A/C 36568252 0.7 Citicorp Nominees Pty Limited Colonial First State Inv A/C 33182779 0.7 BNP Paribas Nominees Pty Ltd Clearstream 25260593 0.5 BNP Paribas Nominees Pty Ltd HUB24 Custodial Serv Ltd 24183029 0.5 Computershare Nominees Cl Ltd ASX Shareplus Control A/C 23724947 0.5 HSBC Custody Nominees Australia Limited 19088716 0.4 Netwealth Investments Limited Wrap Services A/C 18753431 0.4 Australian Foundation Investment Company Limited 13413159 0.3 Argo Investments Limited 10432564 0.2 HSBC Custody Nominees Australia Limited -A/C^ 9504644 0.2 UBS Nominees Pty Ltd 8615944 0.2 % held by Top 20 shareholders 75.4% Peer Comparison & Ranking of BHP PEER COMPARISON: BHP IN INDICES BHP is a constituent of the following indices. Its market capitalisation is $149 billion and accounts for 42.8% of the combined MCap of the S&P/ASX 300 Metals and Mining (Industry). Index Name MCap of Index ($ b) BHP MCap as % of Index S&P/ASX 300 Metals and Mining (Industry) 349 42.8 S&P/ASX 200 Materials Index 381 39.3 S&P/ASX 200 Resources 421 35.5 S&P/ASX 20 Index 1,035 14.4 S&P/ASX All Australian 50 1,245 12.0 S&P/ASX 50 Index 1,363 11.0 S&P/ASX 100 Index 1,588 9.4 S&P/ASX All Australian 200 1,661 9.0 S&P/ASX 200 Index 1,760 8.5 S&P/ASX 300 Index 1,849 8.1 All Ordinaries Index 1,897 7.9 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: BHP vs Australian Market Out of 1,348 stocks in the Australian Market, BHP is ranked first(1) by Free Cash Flow, second(2) by Net Profit $, second(2) by Market Cap in $ and second(2) by Revenue. Australian Avg BHP BHP Rank Free Cash Flow (50.3 M) 14.1 B 1 Net Profit $ 51 M 9 B 2 Market Cap $ 1.7 B 149.5 B 2 Revenue $ 600.6 M 51.3 B 2 ROE (%) 7.7 21.3 90 EBITDA Margin% 14.6 39.3 98 P/Earnings/ Growth 3.8x 1.2x 108 ROA (%) 1.6 10.2 129 P/Earnings 24.5x 16.6x 178 Yield (%) 3.3 1.8 287 P/Sales 2.1x 2.9x 389 Premium to 52-Wk Low (%) 20.2 33.1 444 Price/Net Tangible Assets 2.6x 2.98x 570 Total Debt/Equity (the lower the better) 0.6x 0.5x 858 Discount to 52-Wk High (%) 7.5 3.7 1508 Negative values are shown in brackets. Stock in Index and Stock in Sector Description BHP All Ordinaries Index % of All Ordinaries Index Materials sector % of Materials sector Net Profit $ 6 B 83.2 B 7.2 22.7 B 26.4 Revenue $ 34.1 B 717.1 B 4.8 232.2 B 14.7 Total Assets $ 72.4 B 4,883.6 B 1.5 507.4 B 14.3 MCap $ 149.5 B 1,897.5 B 7.9 600.3 B 24.9 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description BHP All Ordinaries Index Avg. Materials sector Avg. Price/Earnings 16.6 21.1 25.7 P/Earnings/Growth 1.18 1.32 5.62 Yield (%) 1.77 3.67 2.44 Price/Net Tangible Assets 2.98 3.41 2.47 Total Debt/Equity (the lower the better) 0.47x 0.65x 0.32x MARKET SHARE BHP vs Materials sector [Materials sector Total in Brackets] Revenue of $77 billion[22.2% of aggregate sector revenue of $A349 billion; down from 24.4% in the previous year.] Net Profit of $13.6 billion [38.4% of aggregate sector net profit of $A34.2 billion; up from 35.6% in the previous year.] EBIT of $30.2 billion [40.7% of aggregate sector EBIT of $A73.1 billion; up from 40.6% in the previous year.] GLOBAL RANK [out of 46,405 stocks] AND RANK OF BHP IN THE ASIA PACIFIC REGION [out of 1,759 stocks] Description Value Global Rank In APAC Region MCap ($) 149.5B 138 2 Total Assets ($) 108.8B 561 7 Revenue ($) 51.3B 321 2 Net Profit ($) 9B 147 2 Return on Equity % 21.3 3,737 90 Net Profit Margin % 21.7 5,391 164 Price to Book 2.6 23,561 866 Price/Earnings 15.9 11,433 262 Yield % 7.6 2,121 48 PV1000 (1Year) $* 1,166 16,842 874 * 1 year ago AUD 1 = $ 0.64 Dec 15, 2025: AUD 1 equals $ 0.67 RANK OF BHP IN THE ALL ORDINARIES INDEX [out of 290 stocks], IN THE AUSTRALIAN MARKET [out of 1623 stocks] AND IN THE MATERIALS SECTOR [out of 477 stocks] Description Value In All Ordinaries Index In Australian Market In Materials sector MCap ($A) 224.6B 2 2 1 Total Assets ($A) 163.5B 6 7 1 Revenue ($A) 77B 2 2 2 Net Profit ($A) 13.6B 2 2 2 Return on Equity % 21.3 28 82 11 Net Profit Margin % 21.7 61 149 27 Price to Book 3.0 119 760 272 Price/Earnings 16.6 66 224 37 Yield % 1.8 138 291 26 PV1000 (1Year) AUD 1,119 145 821 301 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] BHP is ranked number 1 out of 512 listed materials companies in the Australia with a market capitalization of $A224.6 billion. Within its sector it has a relatively low P/E of 16.6 and low P/E/G of 1.18. It has a strong relative ROE of 21.3% and ROA of 10.2%. Finally, its earnings growth in the past 12 months has been a comparatively high 14.1%. Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1. Currency Synopsis: Australian Dollar (AUD) % Change of AUD vs Currency Basket Period-Based In the past three years the Australian Dollar fell 1.5% against the US Dollars. However, in the past year the Australian Dollar rose 4.0% against the US Dollars. Last Country 1-day % 1-week % 1-Year % 3-Yrs % AUD1=0.666USD United States Of America 0.2 0.8 4.0 -1.5 AUD1=4.702CNY China 0.3 0.4 0.9 -0.4 AUD1=103.804JPY Japan 0.3 1.3 6.3 12.3 AUD1=0.568EUR European Union -0.2 - -7.0 -11.6 AUD1=982.004KRW South Korea 0.5 0.8 6.8 11.3 AUD1=0.861SGD Singapore 0.2 0.3 -0.2 -6.1 AUD1=1.147NZD New Zealand 0.2 -0.1 3.8 8.2 AUD1=0.498GBP United Kingdom - 0.3 -1.0 -10.1 AUD1=5.187HKD Hong Kong 0.5 0.6 4.0 -1.5 AUD1=0.53CHF Switzerland -0.1 -0.3 -6.5 -16.4 AUD1=0.918CAD Canada 0.1 -0.6 1.1 -0.2 AUD1=6.168SEK Sweden 0.2 -1.1 -12.2 -11.7 AUD1=6.707NOK Norway -0.1 0.3 -6.1 -0.5 AUD1=12.016MXN Mexico -0.6 -0.4 -6.9 -9.8 1 Dividend; 2 Financials as Reported FY 2025, Past 10 Years Dividend Dividend History In the past 5 years annual dividends have decreased by AUD3.2 from AUD4.0 to AUD0.8. Based on a start date of 5 years ago, there has been one increases in dividends over the last 5 years. Date Paid Value (AUD) Type 06 Mar 2025 0.79 Interim Tr 12 Months 0.79 2023 - 2024 2.19 2022 - 2023 2.56 2021 - 2022 4.58 2020 - 2021 4.04 Financials as Reported FY 2025, Past 10 Years Financials as reported (FY 2025 [year-ended 30 June 2025 ]) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In $ Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % Revenue 51,262 55,658 Down 7.9 Other income 368 1,285 Down 71.4 Expenses excluding net finance costs -32,319 -36,750 Improved 12.1 Profit/(loss) from equity accounted investments related impairments and expenses 153 -2,656 Recovery Profit from operations 19,464 17,537 Up 11.0 Financial expenses -1,771 -2,198 Improved 19.4 Financial income 660 709 Down 6.9 Net finance costs -1,111 -1,489 Improved 25.4 Profit before taxation 18,353 16,048 Up 14.4 Income tax expense -6,130 -6,015 Deterioration 1.9 Royalty-related taxation (net of income tax benefit) -1,080 -432 Deterioration 150.0 Total taxation expense -7,210 -6,447 Deterioration 11.8 Profit after taxation 11,143 9,601 Up 16.1 Attributable to non-controlling interests 2,124 1,704 Up 24.6 Attributable to BHP shareholders 9,019 7,897 Up 14.2 Basic earnings per ordinary share (cents) $1.78 $1.56 Up 14.1 Diluted earnings per ordinary share (cents) $1.77 $1.55 Up 14.1 Weighted average number of shares 5,073,000,000 5,068,000,000 Up 0.1 BALANCE SHEET AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % ASSETS Current assets Cash and cash equivalents 11,894 12,501 Down 4.9 Trade and other receivables 4,116 5,169 Down 20.4 Other financial assets 561 381 Up 47.2 Inventories 5,538 5,828 Down 5.0 Current tax assets 545 314 Up 73.6 Other 176 145 Up 21.4 Total current assets 22,830 24,338 Down 6.2 Non-current assets Trade and other receivables 137 170 Down 19.4 Other financial assets 1,122 1,229 Down 8.7 Inventories 1,440 1,211 Up 18.9 Property plant and equipment 76,457 71,629 Up 6.7 Intangible assets 1,924 1,718 Up 12.0 Investments accounted for using the equity method 4,107 1,662 Up 147.1 Deferred tax assets 78 67 Up 16.4 Other 695 338 Up 105.6 Total non-current assets 85,960 78,024 Up 10.2 Total assets 108,790 102,362 Up 6.3 LIABILITIES Current liabilities Trade and other payables 6,637 6,719 Down 1.2 Interest bearing liabilities 2,018 2,084 Down 3.2 Other financial liabilities 214 512 Down 58.2 Current tax payable 900 884 Up 1.8 Provisions 5,823 4,007 Up 45.3 Deferred income 47 90 Down 47.8 Total current liabilities 15,639 14,296 Up 9.4 Non-current liabilities Trade and other payables 33 45 Down 26.7 Interest bearing liabilities 22,478 18,634 Up 20.6 Other financial liabilities 1,364 1,759 Down 22.5 Non-current tax payable 3 40 Down 92.5 Deferred tax liabilities 3,506 3,332 Up 5.2 Provisions 13,498 15,088 Down 10.5 Deferred income 51 48 Up 6.2 Total non-current liabilities 40,933 38,946 Up 5.1 Total liabilities 56,572 53,242 Up 6.3 Net assets 52,218 49,120 Up 6.3 EQUITY Share capital 5,015 4,899 Up 2.4 Treasury shares -18 -36 Improved 50.0 Reserves -2 -15 Improved 86.7 Retained earnings 42,670 39,963 Up 6.8 Total equity attributable to BMP shareholders 47,665 44,811 Up 6.4 Non-controlling interests 4,553 4,309 Up 5.7 Total equity 52,218 49,120 Up 6.3 CASH FLOW AS REPORTED (FY 2025 [year-ended 30 June 2025 ]) Description $ Million $ Million Jun 30 2025 2024 Change % Operating activities Profit before taxation 18,353 16,048 Up 14.4 Adjustments for: Depreciation and amortisation expense 5,540 5,295 Up 4.6 Impairments of property plant and equipment financial assets and intangibles net of reversals 108 3,890 Down 97.2 Net finance costs 1,111 1,489 Down 25.4 (Profit)/loss from equity accounted investments related impairments and expenses -153 2,656 Deterioration Other 831 -243 Recovery Changes in assets and liabilities: Trade and other receivables 776 -290 Recovery Inventories 64 -530 Recovery Trade and other payables -116 -27 Deterioration 329.6 Provisions and other assets and liabilities -249 -469 Improved 46.9 Cash generated from operations 26,265 27,819 Down 5.6 Dividends received 375 397 Down 5.5 Interest received 608 724 Down 16.0 Interest paid -1,478 -1,680 Improved 12.0 Proceeds from cash management related instruments 195 361 Down 46.0 Net income tax and royalty-related taxation refunded 448 547 Down 18.1 Net income tax and royalty-related taxation paid -7,721 -7,503 Deterioration 2.9 Net operating cash flows 18,692 20,665 Down 9.5 Investing activities Purchases of property plant and equipment -9,398 -8,816 Deterioration 6.6 Exploration and evaluation expenditure -396 -457 Improved 13.3 Exploration and evaluation expenditure expensed and included in operating cash flows 346 399 Down 13.3 Investment in subsidiaries operations and joint operations net of cash Net investment and funding of equity accounted investments -3,984 -701 Deterioration 468.3 Proceeds from sale of assets 127 149 Down 14.8 Proceeds from sale of subsidiaries operations and joint operations net of their cash 535 1,072 Down 50.1 Other investing -580 -408 Deterioration 42.2 Net investing cash flows -13,350 -8,762 Deterioration 52.4 Financing activities Proceeds from interest bearing liabilities 4,129 5,091 Down 18.9 Settlements of debt related instruments -147 -321 Improved 54.2 Repayment of interest bearing liabilities -1,675 -7,327 Improved 77.1 Distributions to non-controlling interests -2 -13 Improved 84.6 Purchase of shares by Employee Share Ownership Plan (ESOP) Trusts Dividends paid -6,403 -7,675 Improved 16.6 Dividends paid to non-controlling interests -1,873 -1,424 Deterioration 31.5 Net financing cash flows -5,971 -11,669 Improved 48.8 Net (decrease)/increase in cash and cash equivalents -629 234 Deterioration Cash and cash equivalents net of overdrafts at the beginning of the financial year 12,498 12,423 Up 0.6 Foreign currency exchange rate changes on cash and cash equivalents 24 -159 Recovery Cash and cash equivalents net of overdrafts at the end of the financial year 11,893 12,498 Down 4.8 Download BHP Financials Past 10 Years Description (June 30) 2025 2024 2023 2022 2021 Income Statement Revenue per share 10.1 10.98 12.84 11.23 EBIT (B) 20.1 18.2 23.5 34.2 25.6 Interest (B) 1.8 2.2 2.1 1.1 1.3 Profit before tax (B) 18.4 16 21.4 33.1 24.3 Tax (B) (7.2) (6.4) (7.1) (10.7) (10.6) Net profit (B) 9 7.9 12.9 30.9 11.3 EPS 1.78 1.56 2.55 6.11 2.24 Balance Sheet Equity Share Capital (B) 47.7 44.8 44.5 45 51.3 Retained Earnings (B) 42.7 40 39.8 40.3 46.8 Total Debt (B) 24.7 21.2 22.7 17 21.1 Total Assets (B) 108.8 102.4 101.3 95.2 108.9 Current Asset (B) 22.8 24.3 23.4 28.7 26.7 Fixed Asset (B) 76.5 71.6 71.8 61.3 73.8 Working Capital (B) 7.2 10 4.3 11.7 10.3 Cash Flow Operating Cash Flow (B) 18.7 20.7 18.7 32.2 25.9 Investing Cash Flow (B) (13.3) (8.8) (13.1) (7) (6.3) Financing Cash Flow (B) (6) (11.7) (10.3) (22.8) (17.9) Net Cash Flow (629 M) 234 M (4.7 B) 2.4 B 1.7 B Description (June 30) 2020 2019 2018 2017 2016 Income Statement Revenue per share 8.47 8.53 8.08 6.79 5.81 EBIT (B) 14.8 16.6 16.3 (6.1) Interest (B) 1.3 1.5 1.6 1.2 Profit before tax (B) 13.5 15 14.8 (7.3) Tax (B) (4.8) (5.5) (7) (4.4) (1.1) Net profit (B) 8 8.3 3.7 5.9 (6.4) EPS 1.57 1.6 0.7 1.11 (1.2) Balance Sheet Equity Share Capital (B) 47.9 47.2 55.6 62.7 54.3 Retained Earnings (B) 43.4 42.8 51.1 52.6 49.5 Total Debt (B) 27.3 25 26.9 29.6 4.7 Total Assets (B) 105.7 100.9 112 117 119 Current Asset (B) 21.5 23.4 35.1 21.1 17.7 Fixed Asset (B) 72.4 68 67.2 80.5 84 Working Capital (B) 6.6 11 21.1 9.7 5.4 Cash Flow Operating Cash Flow (B) 15.7 17.9 18.5 16.8 10.6 Investing Cash Flow (B) (7.6) 2.6 (5.9) (4.2) (7.2) Financing Cash Flow (9.8 B) (20.5 B) (10.9 B) (9.1 B) 284 M Net Cash Flow (1.7 B) (50 M) 1.6 B 3.5 B 3.7 B