v3.25.2
Net finance costs (Tables)
 12 Months Ended
Jun. 30, 2025
Text block 1 [Abstract]  
Summary of Net Finance Costs
    
2025
      2024     2023  
    
US$M
      US$M     US$M  
Financial expenses
        
Interest expense using the effective interest rate method:
        
Interest on bank loans, overdrafts and all other borrowings
   
 
1,325
 
      1,467       997  
Interest capitalised at 5.97% (2024: 6.82%; 2023: 5.71%)
1
   
 
(595
)
      (530 )      (271 ) 
Interest on lease liabilities
   
 
169
 
      181       130  
Discounting on provisions and other liabilities
   
 
975
 
      1,064       1,293  
Other gains and losses:
        
Fair value change on hedged loans
   
 
263
 
      (214 )      (803 ) 
Fair value change on hedging derivatives
   
 
(290
)
      188       691  
Exchange variations on net debt
   
 
(94
)
      27       9  
Other
   
 
18
 
      15       14  
  
 
 
     
 
 
    
 
 
  
Total financial expenses
   
 
1,771
 
      2,198       2,060  
  
 
 
     
 
 
    
 
 
  
Financial income
        
Interest income
   
 
(603
)
      (709 )      (529 ) 
Other
   
 
(57
)
 		     –       –  
  
 
 
    
 
 
    
 
 
  
Total financial income
   
 
(660
)
 		     (709 )      (529 ) 
  
 
 
     
 
 
    
 
 
  
Net finance costs
   
 
1,111
 
      1,489       1,531  
  
 
 
     
 
 
    
 
 
  
 
1
 
Interest has been capitalised at the rate of interest applicable to the specific borrowings financing the assets under construction or, where financed through general borrowings, at a capitalisation rate representing the average interest rate on such borrowings. Tax relief for capitalised interest is approximately US$179 million (2024: US$159 million; 2023: US$81 million).