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2026 |
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2025 |
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Definitions |
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US$M |
|
US$M |
|
|
Raw materials and consumables |
|
3,041 |
|
2,677 |
|
Spares, consumables and other supplies yet to be utilised in the production process or in the rendering of services. |
Work in progress |
|
3,722 |
|
3,186 |
|
Commodities currently in the production process that require further processing by the Group to a saleable form. |
Finished goods |
|
1,618 |
|
1,115 |
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Commodities ready-for-sale and not requiring further processing by the Group. |
Total1 |
|
8,381 |
|
6,978 |
|
|
Comprising: |
|
|
|
|
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Inventories classified as non-current are not expected to be utilised or sold within 12 months after the reporting date or within the operating cycle of the business. |
Current |
|
6,591 |
|
5,538 |
|
Non-current |
|
1,790 |
|
1,440 |
|
1.Inventory write-downs of US$75 million were recognised during the year (2025: US$243 million; 2024: US$69 million). FY2025 included US$133 million associated with the transition of WAN operations into temporary suspension (2024: US$ nil). Inventory write-downs of US$13 million made in previous periods were reversed during the year (2025: US$18 million; 2024: US$19 million).
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