The 2025 Melbourne Cup over 3200 metres at Flemington was worth $10 million. Half Yours arrived as the Caulfield Cup winner for Tony and Calvin McEvoy, chasing the first Caulfield Cup and Melbourne Cup double since Ethereal in 2001.
Chris Waller had a large team led by Buckaroo, beaten a nose by Via Sistina in the Cox Plate, and the Bart Cummings winner Valiant King. Europe sent the Irish St Leger winner Al Riffa under top weight and Joseph O'Brien's mare Goodie Two Shoes, and the field also included runners from France, Germany, Japan and the United States. Several horses were back for another Cup, among them Vauban, Absurde, Land Legend, Onesmoothoperator, Smokin' Romans and Arapaho.
