Malayan Banking Q2 net profit rises 4%, IOI Properties Group Q4 net profit plummets 47%, Public Bank Q2 net profit down 1%, MBSB Q2 net profit jumps 74.28%, Pharmaniaga Q2 net profit up 42%, AAX Q2 net profit surges six-fold.

Malayan Banking's Q2 FY25 net profit rose 4% YoY to RM2.63bil, while Public Bank's net profit slipped 1% to RM1.76bil. IOI Properties Group's Q4 FY25 net profit fell 47% YoY to RM823.9mil, and MBSB's net profit jumped 74.28% YoY to RM95.56mil. Pharmaniaga's Q2 FY25 net profit increased 42% YoY to RM4mil, and AAX's net profit soared six-fold YoY to RM35.2mil.

Australian mining giant BHP Group Limited (BHP) has reported significant achievements in its FY25 financial results, with a strong focus on copper production and strategic investments. The company's copper division played a pivotal role in driving its overall financial success, despite challenging economic conditions.

BHP's copper production reached an all-time high of over 2 million tonnes for the first time, marking a 28% increase over the past three years. This growth was particularly notable given the lower prices in iron ore and coal, highlighting the resilience and importance of copper in BHP's portfolio [1]. The company's revenue for the period amounted to US$51.3 billion, with underlying EBITDA at US$26 billion, and a robust 53% margin. Profits stood at US$10.2 billion, demonstrating the company's financial strength [1].

The Copper Division's EBITDA soared by 43.9% to US$12 billion, underscoring copper's critical role in BHP's earnings. The company also reported a strong free cash flow of US$5.3 billion, after capital and exploration expenditures of US$9.8 billion, including US$4.5 billion allocated to copper projects [1].

Looking ahead, BHP plans to invest US$11 billion annually in copper for FY26 and FY27, stabilizing at around US$10 billion per year from FY28 to FY30. Key investments include the Escondida Expansion in Chile, which aims to boost output by 22% to nearly 1 million tonnes annually, and the Copper South Australia project, which could double production [1].

BHP's commitment to sustainability is evident in its efforts to reduce operational greenhouse gas emissions by at least 30% from FY20 levels by FY30, and reach net zero by 2050. The company is advancing in decarbonization technologies such as electric smelting furnaces and low-carbon shipping with ammonia [1].

BHP's record copper production and strategic investments are crucial for meeting the global demand for copper, which is expected to grow significantly with the rise of electric vehicles (EVs) and renewable energy projects. The International Energy Agency estimates that 5.5 million tonnes of new copper supply will be needed annually by 2030 [2].

The company's strategic agreements and technological advancements ensure a sustainable and efficient copper supply, supporting the low-carbon transition. Despite potential risks such as project delays and cost inflation, BHP's diversified portfolio and smart investments position it as a trusted supplier for renewable energy, EVs, and infrastructure.

References:
[1] https://carboncredits.com/bhp-mines-2-million-tonnes-of-copper-in-fy25-boosting-ev-and-renewable-growth/
[2] https://www.iea.org/reports/2020-copper-report