On August 18, BHP Billiton rose 3.09% in after-hours trading, trading at $91.1/share, with turnover of $25,100, following the release of its fiscal 2026 full-year results that exceeded market expectations.

BHP reported underlying basic earnings per share of $2.60 for fiscal 2026, surpassing the analyst consensus of $2.52. Full-year revenue reached $58.76 billion, up 14.6% year-over-year, also beating the $58.1 billion estimate. Underlying profit surged approximately 30% year-over-year, driven by favorable commodity prices. Notably, copper business revenue exceeded iron ore revenue for the first time in the company's history, as copper prices surged to record highs. The board declared a final dividend of $0.99 per share, up significantly from $0.60 a year earlier.

Looking ahead to fiscal 2027, BHP guided copper production of 1.7 to 1.8 million tonnes and iron ore production of 260 to 272 million tonnes, with capital and exploration expenditure of approximately $11 billion. The company noted that global copper demand is expected to grow from approximately 34 million tonnes per year currently to 50 million tonnes by 2050, though declining ore grades at its Chilean operations will require billions in sustaining capital investment.

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