BHP FY24 underlying EPS +1.7% to $2.70 (vs BB estimate of $2.61) | Revenue +3% to $55.7bn due to ↑ realised Iron Ore & Copper prices, offset by ↓ coal & Nickel prices | EBITDA +4% with the margin @ 54%, unchanged | Inflation +4% on ↑ labour costs | Gearing reduced to 15.7% (FY23: 18.7%) thx to operating cash flows & divestment proceeds | ROCE 27.2% (FY23: 28.8%) | Final div -14% to $1.46
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