Why should you buy BHP shares now?
BHP Group Ltd is showing stable progress by turning non core assets into cash while keeping exposure to key metals. Also, it is delivering strong earnings and building future growth in copper and potash.
BHP Group Limited (ASX: BHP)
BHP Group Limited on 17 February 2026 announced that it has signed a long term deal with Wheaton Precious Metals Corp. linked to the Antamina mine. BHP will receive US$4.3 billion upfront. In return it will supply silver based on its share from the mine. The company holds a 33.75% interest through its investment in the operating entity. The mine itself is not part of the agreement and existing contracts remain unchanged. This deal allows BHP to turn a non core metal into immediate cash whereas keeping exposure to copper zinc and lead. It also does not increase debt.
For the half year ended 31 December 2025, the company achieved strong financial and operating performance. The underlying EBITDA reached US$15.5 billion with margins at 58%. Profit was US$6.2 billion and operating cash flow was US$9.4 billion. Net debt stood at US$14.7 billion which sits within its target range. An interim dividend of 73 US cents per share was declared with a 60% payout. Copper became the largest earnings contributor at 51%. Iron ore operations in Western Australia recorded their best first half output. The guidance for copper production in FY26 was lifted to between 1.9 and 2.0 million tonnes.
BHP is focusing on copper and potash for future expansion. Copper output has risen about 30% over 4 years and more growth is planned across projects in Chile Argentina Arizona and South Australia. The Jansen Stage 1 project is 75% complete with first production anticipated in mid 2027.
Additional value of over US$6 billion has been unlocked through recent agreements with a pathway to around US$10 billion. The direction shows a shift toward metals linked to future demand though maintaining strong cash returns and disciplined spending.
(Source: Company Report)
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