1 Top Management and Board of Directors; 2 Peer Comparison & Ranking of BHP; 3 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, 7 Mos Vandita Pant Chief Financial Officer 6 Yrs, 1 Mo 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, 6 Mos Dion Weisler Independent Non-Executive Director 5 Yrs, 2 Mos Christine O'Reilly Director - Xiaoqun Clever-Steg Independent Non-Executive Director - Catherine Tanna Independent Non-Executive Director - Michelle Hinchliffe Independent Non-Executive Director - Ross Maxwell Mcewan Independent Non-Executive Director - Don Lindsay Non-Executive Independent Director - Resignations in the past 2 years Name Designation Date of Resignation Ken MacKenzie Chairman 31 March 2025 David Lamont Chief Financial Officer 07 December 2023 Terry Bowen Director 01 November 2023 Prakash Kakkad Company Secretary 20 September 2023 Malcolm Broomhead Director 10 November 2022 John Mogford Director 31 October 2022 Peer Comparison & Ranking of BHP PEER COMPARISON: BHP IN INDICES BHP is a constituent of the following indices. Its market capitalisation is $137 billion and accounts for 36.2% of the combined MCap of the S&P/ASX 300 Metals and Mining (Industry). Index Name MCap of Index ($ b) BHP MCap as % of Index S&P/ASX 300 Metals and Mining (Industry) 378 36.2 S&P/ASX 200 Materials Index 412 33.2 S&P/ASX 200 Resources 458 29.9 S&P/ASX 20 Index 1,136 12.0 S&P/ASX All Australian 50 1,339 10.2 S&P/ASX 50 Index 1,475 9.3 S&P/ASX 100 Index 1,694 8.1 S&P/ASX All Australian 200 1,767 7.7 S&P/ASX 200 Index 1,877 7.3 S&P/ASX 300 Index 1,974 6.9 All Ordinaries Index 2,019 6.8 BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING: BHP vs Australian Market Out of 1,444 stocks in the Australian Market, BHP is ranked first(1) by Revenue, first(1) by Free Cash Flow, second(2) by Net Profit $ and second(2) by Market Cap in $. Australian Avg BHP BHP Rank Revenue $ 537 M 55.7 B 1 Free Cash Flow (705.6 M) 12.5 B 1 Net Profit $ 23.1 M 7.9 B 2 Market Cap $ 1.6 B 136.8 B 2 EBITDA Margin% 4.7 32.8 107 ROE (%) 4.1 19.5 113 Yield (%) 3.04 4.5 114 ROA (%) 0.8 9.4 139 P/Earnings - 17.3x 205 Premium to 52-Wk Low (%) 26.2 26.3 384 Price/Net Tangible Assets 3.8x 2.9x 641 Total Debt/Equity (the lower the better) 0.6x 0.4x 837 Discount to 52-Wk High (%) 1.4 7.3 1342 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 $ 5.1 B 64 B 7.9 11.6 B 43.6 Revenue $ 35.7 B 644.7 B 5.5 214.8 B 16.6 Total Assets $ 65.7 B 4,645.3 B 1.4 416.6 B 15.8 MCap $ 136.8 B 2,018.5 B 6.8 574.1 B 23.8 Relative Valuation Indicators: Stock vs Index and Stock vs Sector Description BHP All Ordinaries Index Avg. Materials sector Avg. Price/Earnings 17.3 27.3 46.5 Yield (%) 4.47 3.16 3.26 Price/Net Tangible Assets 2.89 4.04 2.86 Total Debt/Equity (the lower the better) 0.43x 0.7x 0.33x MARKET SHARE BHP vs Materials sector [Materials sector Total in Brackets] Revenue of $86.7 billion[25.9% of aggregate sector revenue of $A334.6 billion; down from 26.2% in the previous year.] GLOBAL RANK [out of 45,652 stocks] AND RANK OF BHP IN THE ASIA PACIFIC REGION [out of 1,801 stocks] Description Value Global Rank In APAC Region MCap ($) 136.8B 138 2 Total Assets ($) 102.4B 594 7 Revenue ($) 55.7B 280 1 Net Profit ($) 7.9B 169 2 Return on Equity % 19.5 4,510 116 Net Profit Margin % 17.2 7,055 188 Price to Book 2.6 23,958 897 Price/Earnings 15.9 11,637 270 Yield % 7.6 2,170 48 PV1000 (1Year) $* 1,075 20,707 752 * 1 year ago AUD 1 = $ 0.67 Aug 22, 2025: AUD 1 equals $ 0.64 RANK OF BHP IN THE ALL ORDINARIES INDEX [out of 302 stocks], IN THE AUSTRALIAN MARKET [out of 1643 stocks] AND IN THE MATERIALS SECTOR [out of 485 stocks] Description Value In All Ordinaries Index In Australian Market In Materials sector MCap ($A) 213.1B 2 2 1 Total Assets ($A) 159.4B 7 7 2 Revenue ($A) 86.7B 1 1 1 Net Profit ($A) 12.3B 2 2 2 Return on Equity % 19.5 39 105 19 Net Profit Margin % 17.2 83 171 37 Price to Book 2.9 120 806 305 Price/Earnings 17.3 77 250 46 Yield % 4.5 48 120 12 PV1000 (1Year) AUD 1,130 161 705 208 LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best] BHP is ranked number 1 out of 524 listed materials companies in the Australia with a market capitalization of $A213.1 billion. Within its sector it has a relatively low P/E of 17.3. It has a strong relative ROE of 19.5% and ROA of 9.4%. The company paid a dividend of 78.51c in the last twelve months. The dividend yield is high at 4.5%. 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 year the Australian Dollar fell 4.7% against the US Dollars; in the past three years the Australian Dollar fell 6.9% against the US Dollars. Last Country 1-day % 1-week % 1-Year % 3-Yrs % AUD1=0.643USD United States Of America -0.3 -1.9 -4.7 -6.9 AUD1=4.61CNY China -0.5 -1.9 -4.1 -2.0 AUD1=94.716JPY Japan -0.4 -1.3 -3.5 0.6 AUD1=0.552EUR European Union -0.4 -1.4 -9.0 -19.5 AUD1=898.17KRW South Korea -0.4 -0.9 -0.1 -2.0 AUD1=0.826SGD Singapore -0.3 -1.4 -6.2 -13.8 AUD1=1.103NZD New Zealand -0.2 0.6 0.6 -0.5 AUD1=0.478GBP United Kingdom - -0.9 -7.8 -17.7 AUD1=5.018HKD Hong Kong -0.3 -2.4 -4.5 -7.5 AUD1=0.517CHF Switzerland -0.8 -2.0 -10.2 -22.0 AUD1=0.892CAD Canada -0.3 -1.1 -2.9 -0.5 AUD1=6.16SEK Sweden -0.6 -1.5 -10.6 -15.3 AUD1=6.572NOK Norway -1.0 -1.5 -7.2 -2.5 AUD1=12.068MXN Mexico -0.5 -1.2 -5.8 -13.4 1 Dividend; 2 Financials as Reported FY 2024, Past 10 Years Dividend Dividend History In the past 5 years annual dividends have decreased by AUD0.2 from AUD2.1 to AUD1.9. 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 12 Sep 2024 1.09 Interim Tr 12 Months 1.88 2023 - 2024 2.35 2022 - 2023 3.78 2021 - 2022 4.85 2020 - 2021 2.07 Financials as Reported FY 2024, Past 10 Years Financials as reported (FY 2024 [year-ended 30 June 2024 ]) RESULTS OF OPERATIONS AND FINANCIAL CONDITION (In $ Million, except per share data and shares outstanding) INCOME STATEMENT AS REPORTED (FY 2024 [year-ended 30 June 2024 ]) Description $ Million $ Million Jun 30 2024 2023 Change % Continuing operations Revenue 55,658 53,817 Up 3.4 Other income 1,285 394 Up 226.1 Expenses excluding net finance costs -36,750 -31,873 Deterioration 15.3 (Loss)/profit from equity accounted investments related impairments and expenses -2,656 594 Deterioration Profit from operations 17,537 22,932 Down 23.5 Financial expenses -2,198 -2,060 Deterioration 6.7 Financial income 709 529 Up 34.0 Net finance costs -1,489 -1,531 Improved 2.7 Profit before taxation 16,048 21,401 Down 25.0 Income tax expense -6,015 -6,691 Improved 10.1 Royalty-related taxation (net of income tax benefit) -432 -386 Deterioration 11.9 Total taxation expense -6,447 -7,077 Improved 8.9 Profit after taxation from Continuing operations 9,601 14,324 Down 33.0 Discontinued operations Profit/(loss) after taxation from Discontinued operations Profit after taxation from Continuing and Discontinued operations 9,601 14,324 Down 33.0 Attributable to non-controlling interests 1,704 1,403 Up 21.5 Attributable to BHP shareholders 7,897 12,921 Down 38.9 Basic earnings per ordinary share (cents) $1.56 $2.55 Down 38.8 Diluted earnings per ordinary share (cents) $1.56 $2.55 Down 38.8 Basic earnings from Continuing operations per ordinary share (cents) $1.56 $2.55 Down 38.8 Diluted earnings from Continuing operations per ordinary share (cents) $1.56 $2.55 Down 38.8 NO OF SHARES 5,077,000,000 5,073,000,000 Up 0.1 BALANCE SHEET AS REPORTED (FY 2024 [year-ended 30 June 2024 ]) Description $ Million $ Million Jun 30 2024 2023 Change % ASSETS Current assets Cash and cash equivalents 12,501 12,428 Up 0.6 Trade and other receivables 5,169 4,594 Up 12.5 Other financial assets 381 470 Down 18.9 Inventories 5,828 5,220 Up 11.6 Current tax assets 314 508 Down 38.2 Other 145 131 Up 10.7 Total current assets 24,338 23,351 Up 4.2 Non-current assets Trade and other receivables 170 148 Up 14.9 Other financial assets 1,229 1,115 Up 10.2 Inventories 1,211 1,403 Down 13.7 Property plant and equipment 71,629 71,818 Down 0.3 Intangible assets 1,718 1,610 Up 6.7 Investments accounted for using the equity method 1,662 1,620 Up 2.6 Deferred tax assets 67 56 Up 19.6 Other 338 175 Up 93.1 Total non-current assets 78,024 77,945 Up 0.1 Total assets 102,362 101,296 Up 1.1 LIABILITIES Current liabilities Trade and other payables 6,719 6,296 Up 6.7 Interest bearing liabilities 2,084 7,173 Down 70.9 Other financial liabilities 512 402 Up 27.4 Current tax payable 884 611 Up 44.7 Provisions 4,007 4,514 Down 11.2 Deferred income 90 47 Up 91.5 Total current liabilities 14,296 19,043 Down 24.9 Non-current liabilities Trade and other payables 45 4 Up 1,025.0 Interest bearing liabilities 18,634 15,172 Up 22.8 Other financial liabilities 1,759 2,157 Down 18.5 Non-current tax payable 40 68 Down 41.2 Deferred tax liabilities 3,332 4,299 Down 22.5 Provisions 15,088 11,973 Up 26.0 Deferred income 48 50 Down 4.0 Total non-current liabilities 38,946 33,723 Up 15.5 Total liabilities 53,242 52,766 Up 0.9 Net assets 49,120 48,530 Up 1.2 EQUITY Share capital 4,899 4,737 Up 3.4 Treasury shares -36 -41 Improved 12.2 Reserves -15 13 Deterioration Retained earnings 39,963 39,787 Up 0.4 Total equity attributable to BHP shareholders 44,811 44,496 Up 0.7 Non-controlling interests 4,309 4,034 Up 6.8 Total equity 49,120 48,530 Up 1.2 CASH FLOW AS REPORTED (FY 2024 [year-ended 30 June 2024 ]) Description $ Million $ Million Jun 30 2024 2023 Change % Operating activities Profit before taxation from Continuing operations 16,048 21,401 Down 25.0 Adjustments for: Depreciation and amortisation expense 5,295 5,061 Up 4.6 Impairments of property plant and equipment financial assets and intangibles 3,890 75 Up 5,086.7 Net finance costs 1,489 1,531 Down 2.7 Loss/(profit) from equity accounted investments related impairments and expenses 2,656 -594 Recovery Other -243 546 Deterioration Changes in assets and liabilities: Trade and other receivables -290 867 Deterioration Inventories -530 -44 Deterioration 1,104.5 Trade and other payables -27 -1,086 Improved 97.5 Provisions and other assets and liabilities -469 131 Deterioration Cash generated from operations 27,819 27,888 Down 0.2 Dividends received 397 347 Up 14.4 Interest received 724 545 Up 32.8 Interest paid -1,680 -1,090 Deterioration 54.1 Proceeds of cash management related instruments 361 331 Up 9.1 Net income tax and royalty-related taxation refunded 547 232 Up 135.8 Net income tax and royalty-related taxation paid -7,503 -9,552 Improved 21.5 Net operating cash flows from Continuing operations 20,665 18,701 Up 10.5 Net operating cash flows from Discontinued operations Net operating cash flows 20,665 18,701 Up 10.5 Investing activities Purchases of property plant and equipment -8,816 -6,733 Deterioration 30.9 Exploration and evaluation expenditure -457 -350 Deterioration 30.6 Exploration and evaluation expenditure expensed and included in operating cash flows 399 294 Up 35.7 Investment in subsidiaries operations and joint operations net of cash -5,868 Net investment and funding of equity accounted investments -701 -557 Deterioration 25.9 Proceeds from sale of assets 149 444 Down 66.4 Proceeds from sale of subsidiaries operations and joint operations net of their cash 1,072 82 Up 1,207.3 Other investing -408 -377 Deterioration 8.2 Net investing cash flows from Continuing operations -8,762 -13,065 Improved 32.9 Net investing cash flows from Discontinued operations Net cash completion payment on merger of Petroleum with Woodside Cash and cash equivalents disposed on merger of Petroleum with Woodside Net investing cash flows -8,762 -13,065 Improved 32.9 Financing activities Proceeds from interest bearing liabilities 5,091 8,182 Down 37.8 Settlements of debt related instruments -321 -677 Improved 52.6 Repayment of interest bearing liabilities -7,327 -3,289 Deterioration 122.8 Distributions to non-controlling interests -13 Purchase of shares by Employee Share Ownership Plan (ESOP) Trusts -88 Dividends paid -7,675 -13,268 Improved 42.2 Dividends paid to non-controlling interests -1,424 -1,175 Deterioration 21.2 Net financing cash flows from Continuing operations -11,669 -10,315 Deterioration 13.1 Net financing cash flows from Discontinued operations Net financing cash flows -11,669 -10,315 Deterioration 13.1 Net increase/(decrease) in cash and cash equivalents from Continuing operations 234 -4,679 Recovery Net increase in cash and cash equivalents from Discontinued operations Net cash completion payment on merger of Petroleum with Woodside Cash and cash equivalents disposed on merger of Petroleum with Woodside Cash and cash equivalents net of overdrafts at the beginning of the financial year 12,423 17,236 Down 27.9 Foreign currency exchange rate changes on cash and cash equivalents -159 -134 Deterioration 18.7 Cash and cash equivalents net of overdrafts at the end of the financial year 12,498 12,423 Up 0.6 Download BHP Financials Past 10 Years Description (June 30) 2024 2023 2022 2021 2020 Income Statement Revenue per share 12.84 11.23 8.47 EBIT (B) 18.2 23.5 34.2 25.6 14.8 Interest (B) 2.2 2.1 1.1 1.3 1.3 Profit before tax (B) 16 21.4 33.1 24.3 13.5 Tax (B) (6.4) (7.1) (10.7) (10.6) (4.8) Net profit (B) 7.9 12.9 30.9 11.3 8 EPS 1.56 2.55 6.11 2.24 1.57 Balance Sheet Equity Share Capital (B) 44.8 44.5 45 51.3 47.9 Retained Earnings (B) 40 39.8 40.3 46.8 43.4 Total Debt (B) 21.2 22.7 17 21.1 27.3 Total Assets (B) 102.4 101.3 95.2 108.9 105.7 Current Asset (B) 24.3 23.4 28.7 26.7 21.5 Fixed Asset (B) 71.6 71.8 61.3 73.8 72.4 Working Capital (B) 10 4.3 11.7 10.3 6.6 Cash Flow Operating Cash Flow (B) 20.7 18.7 32.2 25.9 15.7 Investing Cash Flow (B) (8.8) (13.1) (7) (6.3) (7.6) Financing Cash Flow (B) (11.7) (10.3) (22.8) (17.9) (9.8) Net Cash Flow 234 M (4.7 B) 2.4 B 1.7 B (1.7 B) Description (June 30) 2019 2018 2017 2016 2015 Income Statement Revenue per share 8.53 8.08 6.79 5.81 8.5 EBIT (B) 16.6 16.3 (6.1) 8.8 Interest 1.5 B 1.6 B 1.2 B 702 M Profit before tax (B) 15 14.8 (7.3) 8.1 Tax (B) (5.5) (7) (4.4) (1.1) 3.7 Net profit (B) 8.3 3.7 5.9 (6.4) 1.9 EPS 1.6 0.7 1.11 (1.2) 0.36 Balance Sheet Equity Share Capital (B) 47.2 55.6 62.7 54.3 64.8 Retained Earnings (B) 42.8 51.1 52.6 49.5 60 Total Debt (B) 25 26.9 29.6 4.7 31.2 Total Assets (B) 100.9 112 117 119 124.6 Current Asset (B) 23.4 35.1 21.1 17.7 16.4 Fixed Asset (B) 68 67.2 80.5 84 94.1 Working Capital (B) 11 21.1 9.7 5.4 3.5 Cash Flow Operating Cash Flow (B) 17.9 18.5 16.8 10.6 19.3 Investing Cash Flow (B) 2.6 (5.9) (4.2) (7.2) (13.2) Financing Cash Flow (20.5 B) (10.9 B) (9.1 B) 284 M (8.3 B) Net Cash Flow (50 M) 1.6 B 3.5 B 3.7 B (2.1 B)