v3.25.2
Leases (Tables)
 12 Months Ended
Jun. 30, 2025
Text block 1 [Abstract]  
Summary of Movements in Lease Liabilities
Movements in the Group’s lease liabilities during the year are as follows:
 
    
2025
      2024  
    
US$M
      US$M  
At the beginning of the financial year
   
 
3,116
 
      3,019  
Additions
   
 
870
 
      593  
Remeasurements of index-linked freight contracts
   
 
(297
)
      230  
Lease payments
   
 
(881
)
      (837 ) 
Foreign exchange movement
   
 
(13
)
      (16 ) 
Amortisation of discounting
   
 
169
 
      181  
Divestment of subsidiaries and operations
1
   
 
–
 
      (60 ) 
Transfers and other movements
   
 
(11
)
      6  
  
 
 
     
 
 
  
At the end of the financial year
   
 
2,953
 
      3,116  
  
 
 
     
 
 
  
Comprising:
      
Current liabilities
   
 
641
 
      686  
Non-current
liabilities
   
 
2,312
 
      2,430  
  
 
 
     
 
 
  
 
1
 
Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024.
Summary of Movements in Right of Use Assets
Movements in the Group’s
right-of-use
assets during the year are as follows:
 
    
2025
      2024  
    
Land and
buildings
     
Plant and
equipment
     
Total
      Land and
buildings		     Plant and
equipment		     Total  
    
US$M
     
US$M
     
US$M
      US$M     US$M     US$M  
Net book value
                
At the beginning of the financial year
   
 
490
 
   
 
2,218
 
   
 
2,708
 
      573       2,236       2,809  
Additions
   
 
26
 
   
 
844
 
   
 
870
 
      26       567       593  
Remeasurements of index-linked freight contracts
   
 
–
 
   
 
(210
)
   
 
(210
)
      –       230       230  
Depreciation expensed during the period
   
 
(75
)
   
 
(642
)
   
 
(717
)
      (79 )      (638 )      (717 ) 
Impairments for the year
   
 
–
 
   
 
–
 
   
 
–
 
      –       (140 )      (140 ) 
Divestment of subsidiaries and operations
1
   
 
–
 
   
 
–
 
   
 
–
 
      (30 )      (40 )      (70 ) 
Transfers and other movements
   
 
(2
)
   
 
4
 
   
 
2
 
      –       3       3  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
At the end of the financial year
   
 
439
 
   
 
2,214
 
   
 
2,653
 
      490       2,218       2,708  
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
– Cost
   
 
764
 
   
 
4,690
 
   
 
5,454
 
      742       4,479       5,221  
– Accumulated depreciation and impairments
   
 
(325
)
   
 
(2,476
)
   
 
(2,801
)
      (252 )      (2,261 )      (2,513 ) 
  
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
 
1
 
Relates to the divestment of the Blackwater and Daunia mines completed on 2 April 2024.
Summary of Amounts Recorded in Income Statement and Cash Flow Statements
Amounts recorded in the income statement and the cash flow statement for the year were:
 
    
2025
      2024      2023     
Included within
    
US$M
      US$M      US$M       
Income statement
            
Depreciation of
right-of-use
assets
   
 
717
 
      717        533      Profit from operations
Short-term,
low-value
and variable lease costs
1
   
 
844
 
      916        795      Profit from operations
Interest on lease liabilities
   
 
169
 
      181        130      Financial expenses
Cash flow statement
            
Principal lease payments
   
 
712
 
      656        576      Cash flows from financing activities
Lease interest payments
   
 
169
 
      181        130      Cash flows from operating activities
 
1
 
Relates to US$777 million of variable lease costs (2024: US$792 million; 2023: US$714 million), US$43 million of short-term lease costs (2024: US$96 million; 2023: US$47 million) and US$24 million of
low-value
lease costs (2024: US$28 million; 2023: US$34 million). Variable lease costs include contracts for hire of mining service equipment, drill rigs and transportation services. These contracts contain variable lease payments based on usage and asset performance.