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Rio Tinto

RIO · Materials

Last earnings Jul 29, 2026

Key results

Free cash flowquarter

$3.8 billion

Step-change in financial performance , generating underlying EBITDA 3 of $14.8 billion (+ 28% ), and free cash flow 3 of $3.8 billion (+ 75% ).

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Revenuequarter

$235 million

Realised price does not include the impact of provisional pricing adjustments, which positively impacted revenues in H1 2026 by $235 million (H1 2025 positive impact of $266 million).

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Net incomequarter

$100 million

US$bn 2025 first half net earnings 4.5 Changes in underlying EBITDA (see above) 3.3 Increase in depreciation and amortisation (pre-tax) in underlying earnings (0.6) Decrease in interest and finance items (pre-tax) in underlying earnings 0.1 Increase in tax on underlying earnings (0.2) Increase in underlying earnings attributable to outside interests (0.5) Total changes in underlying earnings 2.0 Changes in items excluded from underlying earnings (see below) 0.1 Movement in net impairment charges 0.1 2026 first half net earnings 6.7 Financial figures are rounded to the nearest $100 million, hence small differences may result in the totals.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

2026 2025 Six months ended 30 June US$bn US$bn Underlying earnings 6.9 4.8 Items excluded from underlying earnings Net Impairment charges (0.1) Foreign exchange losses on net debt, intragroup balances and derivatives excluded from underlying earnings (0.2) (0.2) Total items excluded from underlying earnings (0.2) (0.3) Net earnings 6.7 4.5 Financial figures are rounded to the nearest $100 million, hence small differences may result in the totals.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Dividendquarter

$100 million

Page 9 Rio Tinto 2026 Form 6-K Strong cash flow generation with disciplined investment 2026 2025 Six months ended 30 June US$bn US$bn (restated) Net cash generated from operating activities 9.2 6.9 Rio Tinto share of capital investment (5.0) (4.5) Lease principal payments (0.3) (0.2) Free cash flow 3.8 2.2 Dividends paid to equity shareholders (4.2) (3.8) Acquisition of Arcadium (including acquired net debt) (7.6) Incremental partner funding 0.4 0.2 Other 0.3 (0.1) Movement in net debt 0.3 (9.1) Financial figures are rounded to the nearest $100 million, hence small differences may result in the totals.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Increased capital investment reduced free cash flow by 5% to $3.0 billion .

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Freight revenue: Segmental revenue for our Pilbara operations included freight revenue of $ 1.3 billion (H1 2025: $0.8 billion ) .

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Change Segmental revenuequarter

21 %

Aluminium Six months ended 30 June 2026 2025 Change Segmental revenue (US$ millions) 1 9,401 7,753 21 % Average realised aluminium price (US$ per tonne) 4,343 3,125 39 % Underlying EBITDA (US$ millions) 3,093 2,356 31 % Net cash generated from operating activities (US$ millions) 2,072 1,881 10 % Rio Tinto share of capital investment (US$ millions) 2 887 756 17 % Free cash flow (US$ millions) 3 1,159 1,106 5 % 1.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

AI analysis

Latest earnings event · reported Jul 29, 2026

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Revenue ·
$235M
EX-99 · Jul 29, 2026
Free cash flow ·
$3.8B
EX-99 · Jul 29, 2026
Net income ·
$100M
EX-99 · Jul 29, 2026
Dividend ·
$100M
EX-99 · Jul 29, 2026

Headline figures

MetricLatest earnings eventPrior qtrYear ago
Free cash flow$3.8 billion——
Revenue$235 million——
Net income$100 million——
Dividend$100 million——
Change Segmental revenue21 %——

EX-99 · Jul 29, 2026

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Cash flow & capex

Free cash flow$3.8B

Capital allocation

Dividend$3.4B

"Our strong cash flow and balance sheet allow us to declare a $3.4 billion interim ordinary dividend, up 43 per cent, as we continue to invest in high-returning growth.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

For more information on our use of non-IFRS financial measures in this report, see the section entitled Alternative performance measures and the detailed reconciliations on pages 54 to 61

Based on: Earnings release (6-K exhibit) + parent 6-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

"Our strong cash flow and balance sheet allow us to declare a $3.4 billion interim ordinary dividend, up 43 per cent, as we continue to invest in high-returning growth.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Interim ordinary dividend of $3.4 billion ( +43% ) , with an interim payout ratio of 50% .

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Strong balance sheet supports 50% payout ratio for interim dividend.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Page 9 Rio Tinto 2026 Form 6-K Strong cash flow generation with disciplined investment 2026 2025 Six months ended 30 June US$bn US$bn (restated) Net cash generated from operating activities 9.2 6.9 Rio Tinto share of capital investment (5.0) (4.5) Lease principal payments (0.3) (0.2) Free cash flow 3.8 2.2 Dividends paid to equity shareholders (4.2) (3.8) Acquisition of Arcadium (including acquired net debt) (7.6) Incremental partner funding 0.4 0.2 Other 0.3 (0.1) Movement in net debt 0.3 (9.1) Financial figures are rounded to the nearest $100 million, hence small differences may result in the totals.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

$4.2 billion dividends paid: reflected payment of the 2025 final ordinary dividend.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Page 12 Rio Tinto 2026 Form 6-K Shareholder returns 50% payout ratio on the ordinary dividend, in line with our practice 2026 US$bn 2025 US$bn Ordinary dividend Interim 3.4 2.9 Payout ratio on ordinary dividend 50% 50% (a) Based on weighted average number of shares and declared dividends per share for the respective periods and excluding foreign exchange impacts on payment.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Strategy & priorities

Page 3 Rio Tinto 2026 Form 6-K Our strategic pillars - maximising our potential Transforming the way we work to deliver a step-change in performance.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Safety remains our highest priority.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

We are sharpening our focus on safety at every level, simplifying and strengthening our standards to concentrate on what matters most, reinforced by discipline in compliance.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Underlying EBITDA: increased by 28% to $14.8 billion , demonstrating the resilience of our diversified portfolio and continued focus on operational excellence and cost discipline.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Volumes and mix contributed a $ 1.2 billion benefit: underpinned by a 3% increase in copper equivalent production, driven by a combination of targeted actions taken as part of our productivity program, a continued focus on operational excellence and delivery of growth projects.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Risks & headwinds

The US Midwest premium adapted to tariff levels in 2025, fully compensating for the 50% tariff after an initial period.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Earnings were underpinned by a tight aluminium market with a structural supply deficit driving higher LME prices and elevated regional market premiums offsetting the full impact of US tariff.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

H1 2025 H2 2025 H1 2026 Total Rio Tinto Aluminium (RTA) shipments US destination, kt 723 630 585 Total RTA tariff cost, $m 321 709 773 Average Midwest premium duty paid 1 , $/tonne 855 1,731 2,406 Average realised tariff costs - US destination, $/tonne 444 1,126 1,322 1 Midwest premium duty paid applies to approximately 40% of our total volumes in H1 2026 (55% in H1 2025).

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

These benefits outweighed the impact of foreign exchange headwinds, inflation and elevated energy and aluminium raw material prices.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Despite strong cost management, inflation and energy price headwinds along with cost inefficiencies from the lower copper volumes from Kennecott and Escondida, translated to a marginal increase in gross operating cash unit costs before by products.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

This also reflected a $2.1/t headwind from the stronger Australian dollar and a $0.8/t impact from elevated diesel price, together with a higher work index.

SEC original ↗Rio Tinto — Earnings release (6-K exhibit)EX-99Jul 29, 2026

Documents

Earnings deck slides

6 decks with slide view

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Rio Tinto — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Slide history — recurring slides by stated title

Slides are matched across this company’s decks by their stated title only; a title listed here appeared in more than one held deck.

Iron Ore — Feb 19, 2025 · slide 26 · Oct 21, 2026 · slide 17 · Oct 21, 2026 · slide 26

Alternative performance measures — Feb 19, 2025 · slide 271 · Oct 21, 2026 · slide 64

Aluminium — Feb 19, 2025 · slide 28 · Oct 21, 2026 · slide 27

Consolidated balance sheet — Feb 19, 2025 · slide 167 · Oct 21, 2026 · slide 34

Consolidated cash flow statement — Feb 19, 2025 · slide 166 · Oct 21, 2026 · slide 33

Consolidated income statement — Feb 19, 2025 · slide 164 · Oct 21, 2026 · slide 31

Consolidated statement of changes in equity — Feb 19, 2025 · slide 168 · Oct 21, 2026 · slide 35

Consolidated statement of comprehensive income — Feb 19, 2025 · slide 165 · Oct 21, 2026 · slide 32

Copper — Feb 19, 2025 · slide 30 · Oct 21, 2026 · slide 25

Directors’ declaration — Feb 19, 2025 · slide 247 · Oct 21, 2026 · slide 56

DIRECTORS’ REPORT — Feb 19, 2025 · slide 102 · Oct 21, 2026 · slide 27

Financial information by business unit — Feb 19, 2025 · slide 268 · Oct 21, 2026 · slide 61

Lithium — Oct 21, 2026 · slide 21 · Oct 21, 2026 · slide 28

Metal prices and exchange rates — Feb 19, 2025 · slide 332 · Oct 21, 2026 · slide 72

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Cemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsCarpenter Technology (CRS) MaterialsArcelorMittal (MT) Materials

Filings

299 documents

Earnings releases

117 documents

Presentations

27 documents

Transcripts

0 documents

No transcripts for Rio Tinto are held in this edition of the library.

Mentioned by

19 companies

Other tracked companies whose held documents mention Rio Tinto by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.