ASX 200 reporting season
BHP’s earnings decline and strategic plans shake ASX market
With BHP's profit changes, CSL's restructuring, and Woodside's earnings fluctuations, the ASX faces noteworthy shifts in market trends, driven by evolving corporate strategies and investor reactions.
(AI video summary)
This video was created on 19 August for IG audiences by ausbiz.
Key financial results
BHP Group Limted (ASX:BHP)
BHP's full-year underlying profit fell 26% to $10.16 billion due to iron ore price pressures and slower demand from China. The average realised iron ore price dropped 19%, partially offset by stronger copper prices. Shareholders will receive a final dividend of $0.60 per share, down from $0.74. BHP plans to increase spending to $11 billion over two years but will cut $3 billion between 2028 and 2030.
CSL Limited (ASX:CSL)
CSL will cut up to 15% of its workforce in a $770 million restructuring. It will demerge Seqirus' vaccine business into a separate ASX listing by financial year (FY) 2026 and start a $750 million share buyback. CSL posted an adjusted net profit of $3 billion, with revenue up 17% to $15.6 billion. Revenue growth of 4% to 5% is expected for FY 2026.
Woodside Energy (ASX:WDS)
Woodside Energy net profit fell 24% to $1.24 billion in the first half due to lower prices despite increased production. Free cash flow was $272 million, down over 60%, while operating revenue rose 10% to almost $6.6 billion.
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