**Summary**
South32 Limited, a global mining company, released its final results for the fiscal year 2025 (FY25) on August 28, 2025. The company reported strong financial performance, with a 17% increase in revenue from continuing operations to US$5.78 billion, driven by improved commodity prices and operational efficiency. Underlying earnings attributable to members rose significantly to US$666 million, up from US$380 million in FY24.
Key highlights include
**Portfolio Transformation** South32 continued its strategic shift towards critical minerals, selling its Illawarra Metallurgical Coal operations and agreeing to divest Cerro Matoso. These moves streamline the portfolio, reduce complexity, and free up capital for higher-returning growth projects.
**Production Growth** The company increased production of critical minerals, with a 20% rise in copper and a 6% increase in aluminium. Notable operational achievements include securing environmental approvals for new bauxite mining areas at Worsley Alumina and completing the operational recovery plan at Australia Manganese.
**Financial Performance** Underlying EBITDA grew to US$1.9 billion, and the company announced a fully-franked ordinary dividend of US$117 million (US 2.6 cents per share). A 12-month extension of the capital management program was also announced, with US$144 million remaining to be returned to shareholders.
**Sustainability and Safety** South32 made progress towards its climate change targets, with a 58% reduction in Scope 3 GHG emissions. Safety performance improved, with a 30% reduction in lost time injury frequency (LTIF) and a 27% decrease in total recordable injury frequency (TRIF).
**Outlook** The company expects continued growth in production and earnings, with a focus on maintaining operational momentum and capitalizing on its transformed portfolio. FY26 production guidance remains largely unchanged, except for Mozal Aluminium and Cannington, which face specific operational challenges.
South32s FY25 results demonstrate its successful navigation of market dynamics, strategic portfolio adjustments, and commitment to sustainability and shareholder returns. The company is well-positioned for future growth, particularly in critical minerals essential for the global energy transition.