South32 profit jumps 29% in H1 FY26

Diversified mining giant South32 (ASX:S32) has delivered a robust mid-year scorecard, reporting a 29% rise in first-half net profit to US$464 million.

Despite a slight 3% dip in revenue to US$2.81 billion, the company capitalised on disciplined operating performance and a favourable commodity price environment to reward shareholders.

Reflecting this confidence, the board declared an interim dividend of 3.9 US cents per share, marking a 15% increase over the previous year.

Furthermore, South32 expanded its capital management program by US$100 million, bringing the total to US$2.6 billion.

With production and unit cost guidance for FY26 remaining firmly on track, the miner appears well-positioned to navigate the remainder of the fiscal year.