v3.25.2
Exceptional items (Tables)
 12 Months Ended
Jun. 30, 2025
Statement [Line Items]  
Summary of Exceptional Items
Exceptional items are those gains or losses where their nature, including the expected frequency of the events giving rise to them, and impact is considered material to the Financial Statements. Such items included within the Group’s profit for the year are detailed below.
 
Year ended 30 June 2025
   
Gross
     
Tax
     
Net
  
    
US$M
     
US$M
     
US$M
  
Exceptional items by category
   
 








 
Samarco dam failure
   
 
(914
)
   
 
–
 
   
 
(914
)
Western Australia Nickel (WAN) temporary suspension
   
 
(320
)
   
 
96
 
   
 
(224
)
 
  
 
 
     
 
 
     
 
 
  
Total
   
 
(1,234
)
 
   
 
96
 
   
 
(1,138
)
  
 
 
     
 
 
     
 
 
  
Attributable to
non-controlling
interests
   
 
–
 
   
 
–
 
   
 
–
 
Attributable to BHP shareholders
   
 
(1,234
)
   
 
96
 
   
 
(1,138
)
  
 
 
     
 
 
     
 
 
  
30 June 2024
 
Year ended 30 June 2024
    Gross     Tax     Net  
     US$M     US$M     US$M  
Exceptional items by category
       
Samarco dam failure
      (3,677 )      (85 )      (3,762 ) 
Impairment of Western Australia Nickel assets
      (3,800 )      1,125       (2,675 ) 
Blackwater and Daunia gain on divestment
      877       (203 )      674  
  
 
 
    
 
 
    
 
 
  
Total
      (6,600 )      837       (5,763 ) 
  
 
 
    
 
 
    
 
 
  
Attributable to
non-controlling
interests
      –       –       –  
Attributable to BHP shareholders
      (6,600 )      837       (5,763 ) 
  
 
 
    
 
 
    
 
 
  
30 June 2023
 
Year ended 30 June 2023
    Gross     Tax     Net  
     US$M     US$M     US$M  
Exceptional items by category
       
Samarco dam failure
      (340 )      17       (323 ) 
Chilean tax reform
      –       (283 )      (283 ) 
  
 
 
    
 
 
    
 
 
  
Total
      (340 )      (266 )      (606 ) 
  
 
 
    
 
 
    
 
 
  
Attributable to
non-controlling
interests
      –       (107 )      (107 ) 
Attributable to BHP shareholders
      (340 )      (159 )      (499 ) 
  
 
 
    
 
 
    
 
 
  
Summary of Gain on Divestment
Details of the gain on divestment was as follows:
 
 
    US$M  
Net assets disposed
      820  
  
 
 
  
Cash consideration – BHP share
      1,072  
Deferred and contingent consideration
1
      690  
Transaction and other directly attributable costs
      (65 ) 
Income tax expense
      (203 ) 
  
 
 
  
Gain on divestment
      674  
  
 
 
  
 
1
 
Includes the fair value of contingent payments based on 35% revenue share to BMA, subject to average realised prices achieved by the Assets exceeding thresholds of US$159/tonne in the 12 month period 12 months post completion, US$134/tonne in the 12 month period 24 months post completion and US$134/tonne in the 12 month period 36 months post completion.
Samarco dam failure [member]  
Statement [Line Items]  
Summary of Exceptional Items
The loss of US$914 million (after tax) relates to the Samarco dam failure, which occurred in November 2015, and comprises the following:
 
Year ended 30 June 2025
   
US$M
  
Expenses excluding net finance costs:
   
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
   
 
(211
)
Profit/(loss) from equity accounted investments, related impairments and expenses:
   
Samarco dam failure provision
   
 
(659
)
Fair value change on forward exchange derivatives
   
 
414
 
Net finance costs
   
 
(458
)
 
Income tax expense
   
 
–
 
  
 
 
  
Total
1
   
 
(914
)
  
 
 
  
 
1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The loss of US$3,762 million (after tax) related to the Samarco dam failure, which occurred in November 2015, and comprised the following:
 
Year ended 30 June 2024
    US$M  
Expenses excluding net finance costs:
   
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
      (139 ) 
(Loss)/profit from equity accounted investments, related impairments and expenses:
   
Samarco dam failure provision
      (2,833 ) 
Fair value change on forward exchange derivatives
      (199 ) 
Net finance costs
      (506 ) 
Income tax expense
      (85 ) 
  
 
 
  
Total
1
      (3,762 ) 
  
 
 
  
 
1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.
The loss of US$323 million (after tax) related to the Samarco dam failure, which occurred in November 2015, and comprised the following:
 
Year ended 30 June 2023
    US$M  
Expenses excluding net finance costs:
   
Costs incurred directly by BHP Brasil and other BHP entities in relation to the Samarco dam failure
      (103 ) 
(Loss)/profit from equity accounted investments, related impairments and expenses:
   
Samarco dam failure provision
      (256 ) 
Fair value change on forward exchange derivatives
      471  
Net finance costs
      (452 ) 
Income tax benefit
      17  
  
 
 
  
Total
1
      (323 ) 
  
 
 
  
 
1
 
Refer to note 4 ‘Significant events – Samarco dam failure’ for further information.