Rio Tinto PLC

Latest Results (18.10.2025):

Rio Tinto PLC has reported resilient financial results for the first half of 2025, demonstrating strong performance despite a 13% decline in iron ore prices and the impact of cyclones in the first quarter. The company achieved an underlying EBITDA of $11.5 billion and operating cash flow of $6.9 billion, driven by increased contributions from its Aluminium and Copper businesses. Profit after tax attributable to owners stood at $4.5 billion, and Rio Tinto maintained its practice of a 50% interim dividend payout with a $2.4 billion ordinary dividend.

Financial Performance

For the six months ended June 30, 2025, Rio Tinto reported net cash generated from operating activities of $6.9 billion, a slight decrease of 2% compared to the previous year. Underlying EBITDA was $11.5 billion, down 5%, while underlying earnings were $4.8 billion, a 16% decline. The company's net debt surged to $14.6 billion, up 166% from December 31, 2024.

Dividend and Cash Flow

Rio Tinto declared an interim ordinary dividend of $2.4 billion, maintaining a 50% payout ratio. The strong operating cash flow supports the company's commitment to disciplined investment in profitable growth while ensuring a robust balance sheet.

Project Milestones

The company successfully accelerated the first shipment of Simandou to around November 2025 and opened the Western Range iron ore project on time and within budget. Construction has commenced at Hope Downs 2 and Brockman Syncline 1 after receiving all necessary approvals. Additionally, the acquisition of Arcadium Lithium was completed ahead of schedule in March, and Rio Tinto has expanded its lithium pipeline through new agreements with Codelco and ENAMI in Chile.

Production Growth

Rio Tinto achieved a 6% CuEq production uplift year-over-year, supported by record Bauxite production and a 54% increase in copper production at the Oyu Tolgoi mine. The Pilbara iron ore operations recovered strongly from cyclone impacts, delivering the highest Q2 production since 2018.

Leadership Changes

The company announced the appointment of Simon Trott as Chief Executive, effective August 25, 2025, ensuring continued strategic leadership as Rio Tinto advances its growth and diversification objectives.