ab 19 August 2026 Global Research BHP FY26: Strong finish; focus on copper growth & returns... How does BHP's FY26 result impact our investment thesis? BHP delivered a strong FY26 result, with underlying EBITDA in line and cash generation & returns better than anticipated. The final dividend of 99UScps is in line with UBSe (101UScps) but 22% above consensus (81UScps), supported by free cash flow that almost doubled to US$9.8bn and net debt that fell to US$8.7bn (vs target of US$10- 20bn). Strategically, FY2 ...