Introduction

Our Economic Contribution Report (Report) for the year ended 30 June 2025 was released today.

On 13 August 2025 we marked the 140th year in BHP's storied history. It's a remarkable story of evolution and reinvention, and one this company and all involved with it can be proud of. The world needs more of the materials we produce to develop, decarbonise and digitalise. We remain well positioned to sustainably meet this demand and create long-term value for our shareholders, local communities, customers, suppliers and partners.

BHP delivered another strong set of results in FY2025, enabled by our great people, disciplined execution of our strategy, world‑class assets, operational excellence and through financial rigour underpinned by our Capital Allocation Framework. We achieved an underlying EBITDA of US$26 billion and invested US$9.8 billion in capital and exploration expenditure. As at 30 June 2025, our net debt was US$12.9 billion.

We can be proud of BHP's financial performance in FY2025 but there's plenty more still to do. We have a significant pipeline of growth ahead of us and we are well positioned to fund it with the strength of our balance sheet and our confidence in our capabilities.

BHP has a long-standing commitment to transparency. We have disclosed details of our tax and royalty payments for 25 years and we have continually updated and expanded our disclosures. We recognise taxes and royalties are important sources of government revenue and central to the fiscal policy and macroeconomic stability of countries. Paying the right amount of taxes and royalties enables governments to finance and deliver on their development plans for the benefit of the broader community to promote sustainable economic growth, full and productive employment, and reduce poverty and inequality within and among countries. The BHP Economic Contribution Report aims to provide a greater understanding of BHP's global tax profile, tax contributions and the way we govern and manage our tax obligations.

BHP is subject to the different tax regimes and complies with applicable tax laws in all the countries where we operate. BHP also provides information to tax authorities (in accordance with the Organisation for Economic Co-operation and Development (OECD) Country-by-Country reporting requirements) that includes details of how we conduct our business and how BHP's entities transact with each other.

Our Economic Contribution Report 2025 has today been submitted to the FCA National Storage Mechanism and will shortly be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism. It is also available to be downloaded on the BHP website at:

https://www.bhp.com/-/media/Documents/Investors/Annual-Reports/2025/250819_bhpeconomiccontributionreport2025.pdf

BHP's total direct economic contribution for FY2025 was US$46.8 billion. This includes contribution to suppliers, wages and benefits for over 90,000 employees and contractors, dividends, taxes, royalties and voluntary investment in social projects across the communities where we operate.

In FY2025, our tax, royalty and other payments to governments totalled US$10.4 billion. Of this, 65 per cent or US$6.8 billion was paid in Australia. BHP remains one of the largest taxpayers in Australia. During the last decade, we paid US$98.1 billion globally in taxes, royalties and other payments to governments, including US$78.1 billion (approximately A$103.1 billion) in Australia.

Below are extracted sections of our full Economic Contribution Report 2025 that together meet our UK regulatory obligations under DTR 4.3A of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules and, where required by DTR 4.3A, the Reports on Payments to Governments Regulations 2014 (as amended).