Adveritas Limited Reports 88% Revenue Surge Amid Ongoing Challenges

Adveritas Limited reported an 88% surge in revenue to $7.84 million for FY25, despite a net loss of $7.09 million, a 39% reduction from the previous year. Net tangible asset backing improved to 0.48 cents per share, but the audit report highlighted material uncertainty regarding the company's ability to continue as a going concern. The most recent analyst rating is a Buy with a A$0.20 price target.

Australian mining giant BHP Group Limited (BHP) reported a significant milestone in its FY25 financial results, with a record copper production of over 2 million tonnes, a 28% increase over the past three years [1]. This remarkable feat underscored the company's resilience and strategic focus on copper, which helped offset lower prices in iron ore and coal, and maintained strong financial outcomes.

Revenue for FY25 reached US$51.3 billion, with underlying EBITDA at US$26 billion and a 53% margin. Profits stood at US$10.2 billion, while free cash flow totaled US$5.3 billion after capital and exploration expenditures [1]. Notably, the Copper Division's EBITDA soared by 43.9% to US$12 billion, highlighting copper's vital role in the company's earnings.

BHP's CEO, Mike Henry, emphasized safety as a top priority and credited the company's resilience and diverse portfolio for its success. The company 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, aiming to boost output by 22% to nearly 1 million tonnes annually, and other projects like Copper South Australia and the Vicuña Project in Argentina [1].

Additionally, BHP is committed to sustainable practices. The company aims to cut its operational greenhouse gas emissions by at least 30% from FY20 levels by FY30 and reach net zero by 2050. It is also investing in low-carbon technologies, such as the NeoSmelt Electric Smelting Furnace pilot and electric mining equipment, and has launched conservation projects to ensure responsibly sourced copper [1].

BHP's record copper production and strategic investments come at a critical time for renewable energy growth. The company's advanced technologies, like ore sorting and precision mining, allow more copper to be extracted from lower-grade ores, boosting output and reducing environmental impact. The International Energy Agency estimates a need for 5.5 million tonnes of new copper supply annually by 2030 [1].

BHP's strategic agreements channel its copper to wind turbines, EV batteries, and other green technologies, supporting the low-carbon transition. While project delays, cost inflation, and regulatory changes pose risks, BHP's diversified portfolio, technology, and smart investments help ensure an efficient, sustainable copper supply to meet global demand.

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