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1.0 OPERATING AND FINANCIAL REVIEW. The Group has delivered underlying attributable profit of US$6.8 billion for the half-year, an increase of 18 per cent on the prior comparable period (1H FY25: US$5.76 billion), reflecting higher realised iron ore prices, continued operational discipline at Western Australia Iron Ore (WAIO), and a 7 per cent reduction in unit costs across copper operations.
The Directors have determined to pay an interim dividend of US$0.62 per share, fully franked, an increase of 12 per cent. The dividend record date is 12 March 2026 and payment date is 24 March 2026. Net debt at the balance date was US$3.18 billion, a reduction of US$0.41 billion from the position at 30 June 2025.
| Segment | Revenue | EBITDA |
|---|---|---|
| Iron Ore | $22.4B | $15.1B |
| Copper | $8.7B | $3.2B |
Capital expenditure for the half was US$5.2 billion (1H FY25: US$4.9 billion), with the increase principally attributable to continued investment in Jansen Stage 1 and growth in the Olympic Dam smelter expansion programme.
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