v3.25.2
Other equity
 12 Months Ended
Jun. 30, 2025
Text block 1 [Abstract]  
Other equity
18 Other equity
 
    
2025
      2024     2023    
Recognition and measurement
    
US$M
      US$M     US$M      
Common control reserve
   
 
(1,603
)
      (1,603 )      (1,603 )    The common control reserve arose on unification of the Group’s corporate structure in FY2022 and represents the residual on consolidation between BHP Group Ltd’s investment in BHP Group Plc (now known as BHP Group (UK) Ltd) and BHP Group Plc’s share capital, share premium and capital redemption reserve at the time of unification.
Employee share awards reserve
   
 
188
 
      166       171    
The employee share awards reserve represents the accrued employee entitlements to share awards that have been charged to the income statement and have not yet been exercised.
Once exercised, the difference between the accumulated fair value of the awards and their historical
on-market
purchase price is recognised in retained earnings.
Cash flow hedge reserve
   
 
(16
)
      27       10     The cash flow hedge reserve represents hedging gains and losses recognised on the effective portion of cash flow hedges. The cumulative deferred gain or loss on the hedge is recognised in the income statement when the hedged transaction impacts the income statement, or is recognised as an adjustment to the cost of
non-financial
hedged items. The hedging reserve records the portion of the gain or loss on a hedging instrument in a cash flow hedge that is determined to be an effective hedge relationship.
Cost of hedging reserve
   
 
4
 
      (7 )      (1 )    The cost of hedging reserve represents the recognition of certain costs of hedging for example, basis adjustments, which have been excluded from the hedging relationship and deferred in other comprehensive income until the hedged transaction impacts the income statement.
Foreign currency translation reserve
   
 
(14
)
      (14 )      (14 )    The foreign currency translation reserve represents exchange differences arising from the translation of
non-US
dollar functional currency operations within the Group into US dollars.
Equity investments reserve
   
 
2
 
      (21 )      9     The equity investment reserve represents the revaluation of investments in shares recognised through other comprehensive income. Where a revalued financial asset is sold, the relevant portion of the reserve is transferred to retained earnings.
Non-controlling
interest contribution reserve
   
 
1,437
 
      1,437       1,441     The
non-controlling
interest contribution reserve represents the excess of consideration received over the book value of net assets attributable to equity instruments when acquired by
non-controlling
interests.
  
 
 
     
 
 
    
 
 
    
Total reserves
   
 
(2
)
      (15 )      13    
  
 
 
     
 
 
    
 
 
    
Summarised financial information relating to each of the Group’s subsidiaries with
non-controlling
interests (NCI) that are significant to the Group is shown below:

 
    
2025
      2024  
US$M
   
Minera
Escondida
Limitada
     
Other
individually
immaterial
subsidiaries
     
Total
      Minera
Escondida
Limitada		     Other
individually
immaterial
subsidiaries		     Total  
Group share (per cent)
   
 
57.5
 
            57.5      
  
 
 
           
 
 
      
Current assets
   
 
3,630
 
            3,683      
Non-current
assets
   
 
13,939
 
            12,639      
Current liabilities
   
 
(2,074
)
 
            (2,484 )     
Non-current
liabilities
   
 
(5,917
)
            (4,989 )     
  
 
 
           
 
 
      
Net assets
   
 
9,578
 
            8,849      
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Net assets attributable to NCI
   
 
4,071
 
   
 
482
 
   
 
4,553
 
      3,761       548       4,309  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Revenue
   
 
13,177
 
            10,013      
Profit after taxation
   
 
4,237
 
            2,894      
Other comprehensive income
   
 
(9
)
            13      
  
 
 
           
 
 
      
Total comprehensive income
   
 
4,228
 
            2,907      
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Profit after taxation attributable to NCI
   
 
1,801
 
   
 
323
 
   
 
2,124
 
      1,230       474       1,704  
Other comprehensive income attributable to NCI
   
 
(4
)
   
 
(1
)
   
 
(5
)
      6       (2 )      4  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Net operating cash flow
   
 
6,263
 
            4,180      
Net investing cash flow
   
 
(2,390
)
            (1,806 )     
Net financing cash flow
   
 
(3,413
)
            (2,415 )     
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Dividends paid to NCI
   
 
1,488
 
   
 
385
 
   
 
1,873
 
      993       431       1,424  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
While the Group controls Minera Escondida Limitada, the
non-controlling
interests hold certain protective rights that restrict the Group’s ability to sell assets held by Minera Escondida Limitada, or use the assets in other subsidiaries and operations owned by the Group. Minera Escondida Limitada is also restricted from paying dividends without the approval of the
non-controlling
interests.