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Rio Tinto Limited
(Sydney:RIO)
Rio Tinto Limited (RIO) vs. S&P 500 (SPY)
Rio Tinto Limited Business Overview & Revenue Model
Rio Tinto Limited Financial Statement Overview
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 54.18B | 53.66B | 54.04B | 55.55B | 63.49B | 44.61B | Gross Profit |
| 16.87B | 30.28B | 17.30B | 21.30B | 31.34B | 18.70B | EBIT |
| 15.26B | 15.65B | 14.82B | 17.95B | 29.43B | 17.23B | EBITDA |
| 19.64B | 23.16B | 21.08B | 22.35B | 33.60B | 21.51B | Net Income Common Stockholders |
| 10.75B | 11.55B | 10.06B | 12.42B | 21.09B | 9.77B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 13.38B | 7.20B | 9.78B | 8.91B | 15.29B | 13.06B | Total Assets |
| 90.95B | 102.79B | 103.55B | 96.74B | 102.90B | 97.39B | Total Debt |
| 12.75B | 13.86B | 14.35B | 12.27B | 13.53B | 13.83B | Net Debt |
| 1.98B | 7.03B | 5.65B | 5.50B | 724.00M | 3.45B | Total Liabilities |
| 41.13B | 44.82B | 47.21B | 44.47B | 46.31B | 45.49B | Stockholders Equity |
| 43.69B | 55.25B | 54.59B | 50.17B | 51.43B | 47.05B |
| Cash Flow | Free Cash Flow | ||||
| 7.14B | 5.98B | 8.07B | 9.38B | 17.96B | 9.69B | Operating Cash Flow |
| 15.24B | 15.60B | 15.16B | 16.13B | 25.34B | 15.88B | Investing Cash Flow |
| -8.27B | -9.59B | -6.96B | -6.71B | -7.16B | -6.56B | Financing Cash Flow |
| -6.90B | -7.09B | -5.28B | -15.47B | -15.86B | -7.13B |
Rio Tinto Limited Technical Analysis
Rio Tinto Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $47.76B | 8.07 | 20.21% | 9.36% | -11.33% | -32.11% | |
75 Outperform | $162.90B | 10.65 | 21.04% | 7.98% | -0.10% | 15.50% | |
68 Neutral | $185.27B | 10.72 | 26.20% | 4.98% | -2.47% | 57.01% | |
66 Neutral | $1.64B | 7.06 | 10.39% | 2.20% | -9.35% | -32.77% | |
54 Neutral | £11.75B | 51.99 | -3.53% | 4.01% | -19.74% | ― | |
49 Neutral | $1.96B | -1.42 | -21.96% | 3.81% | 0.71% | -27.38% | |
48 Neutral | $3.56B | 50.78 | -33.95% | 4.54% | 2.22% | -411.10% |
Rio Tinto Limited Earnings Call Summary
Rio Tinto Limited Corporate Events
Rio Tinto Limited has updated its previous announcement regarding the dividend reinvestment share price and share allocation date. This update pertains to the dividend distribution for the six-month period ending December 31, 2024, with the record date set for March 7, 2025, and the ex-date on March 6, 2025. This announcement provides clarity on the dividend details, which is crucial for stakeholders and investors in planning their financial activities related to Rio Tinto’s shares.
Rio Tinto reported strong operational improvements in the first quarter of 2025, with record production levels in its Oyu Tolgoi copper mine and bauxite operations. Despite challenges from extreme weather affecting Pilbara iron ore operations, the company is progressing with major projects, including the Western Range and Simandou iron ore projects, and has successfully launched a new lithium business following the Arcadium acquisition. The company maintains its production and cost guidance for 2025, with mitigation plans in place to address weather-related disruptions.
Rio Tinto Limited has announced the currency exchange rates for its 2024 final dividend, which amounts to 225 US cents per share. Shareholders who opted for dividends in British pounds, Australian dollars, or New Zealand dollars will receive their payments based on the conversion rates as of April 8, 2025. The final dividend will be distributed to shareholders and ADR holders on April 17, 2025, reflecting the company’s commitment to returning value to its investors.
Rio Tinto Limited has updated its previous announcement regarding the notification of dividend distribution, specifically to inform stakeholders of the currency exchange rates and amounts. This update pertains to the dividend distribution for the six-month period ending December 31, 2024, and reflects the company’s commitment to transparency and accurate financial reporting, which is crucial for maintaining investor confidence.
Rio Tinto Limited has announced the issuance of 304,147 unquoted share rights under an employee incentive scheme, effective March 31, 2025. This move is part of the company’s efforts to incentivize and retain talent, potentially impacting its operational efficiency and stakeholder engagement positively.
Rio Tinto Limited announced the cessation of 59,517 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s capital structure and could have implications for stakeholders, reflecting on the company’s strategic adjustments in managing its securities.
Rio Tinto has announced the approval of a partial deferral of the 2024 annual bonus for its Executive Committee members, which will be delivered as Bonus Deferral Awards (BDA) under the company’s Equity Incentive Plan. Additionally, Performance Share Awards (PSA) have been granted, subject to performance conditions related to Total Shareholder Return and decarbonization measures. These initiatives reflect Rio Tinto’s commitment to aligning executive compensation with long-term performance and sustainability goals, potentially impacting the company’s operational focus and stakeholder interests.
Rio Tinto’s Board has advised shareholders to vote against a resolution proposed by Palliser Capital to review the company’s dual-listed companies (DLC) structure. The Board argues that a unification of the DLC into an Australian-domiciled holding company would be detrimental to shareholder value, citing potential tax costs and the wastage of franking credits. The Board has already conducted a comprehensive review with external advisers and concluded that the current structure is beneficial, outperforming market indices since its inception. The resolution’s approval could lead to governance challenges and is deemed unnecessary for strategic flexibility.
Rio Tinto plc has announced the acquisition of shares by Martina Merz, a person discharging managerial responsibility, through the Frankfurt Stock Exchange. This transaction is part of the company’s compliance with the EU Market Abuse Regulation, highlighting its commitment to transparency and regulatory adherence in its dual-listed company structure.
JPMorgan Chase & Co. and its affiliates have become substantial holders in Rio Tinto Limited, with a voting power of 5.36% as of March 10, 2025. This development indicates a significant investment and interest from JPMorgan in Rio Tinto, potentially impacting the company’s market position and signaling confidence in its operations and future prospects.
Rio Tinto Finance (USA) plc has successfully priced US$9.0 billion in fixed and floating rate notes, guaranteed by Rio Tinto plc and Rio Tinto Limited. The proceeds from this bond issuance, which includes eight tranches with varying maturities and interest rates, will be used for general corporate purposes, including repaying debt from a bridge loan used for the acquisition of Arcadium Lithium. This strategic financial move is expected to strengthen Rio Tinto’s liquidity position and support its growth initiatives, potentially impacting its market positioning and stakeholder interests positively.
Rio Tinto plc has announced the acquisition of shares by Ngaire Woods, a person discharging managerial responsibility, in compliance with the EU Market Abuse Regulation. This transaction, reported to both the Australian Securities Exchange and the London Stock Exchange, underscores the company’s commitment to regulatory transparency and governance, potentially impacting stakeholder confidence positively.
Rio Tinto Limited has announced a change in the interest of its director, Dominic Barton, in the company’s ordinary shares. Mr. Barton acquired an additional 800 shares through an on-market trade, increasing his total holdings to 12,700 shares. This acquisition reflects a continued confidence in the company’s performance and potential growth, which may positively influence stakeholder perception and market positioning.
Rio Tinto has completed its $6.7 billion acquisition of Arcadium Lithium, marking a significant expansion into the lithium sector. This acquisition positions Rio Tinto as a global leader in energy transition materials, enhancing its capacity to produce lithium carbonate equivalent and projecting increased EBITDA and cash flow. The integration of Arcadium’s assets is expected to bolster Rio Tinto’s operational capabilities and market presence, aligning with its commitment to sustainable practices and shareholder value.
Rio Tinto has announced a $1.8 billion investment to develop the Brockman Syncline 1 mine project in Western Australia’s Pilbara region, extending the life of the Brockman mining hub. This project, which has received all necessary government approvals and involved consultations with local Traditional Owners, is expected to sustain production from Rio Tinto’s world-class iron ore operations. The development will create approximately 1,000 construction jobs and sustain a workforce of about 600 once operational. The project is part of a series of replacement projects aimed at maintaining Rio Tinto’s commitment to the Pilbara, with first ore production now scheduled for 2027, a year earlier than previously anticipated.
Rio Tinto Limited has announced its 2025 annual general meeting (AGM) scheduled for May 1, 2025, in Perth, Australia, with options for online participation. Key agenda items include board changes, with Sam Laidlaw, Simon Henry, and Kaisa Hietala stepping down, and the introduction of a 2025 Climate Action Plan aimed at reducing emissions by 50% by 2030 and achieving net zero by 2050. The board recommends voting for most resolutions, except Resolution 21, which they advise voting against. The AGM will also address shareholder voting procedures and the outcomes will be shared post-meeting.
Rio Tinto Limited has issued updated notices for its 2025 annual general meetings, reflecting a new joint decision matter for shareholders of both Rio Tinto plc and Rio Tinto Limited. This update involves a resolution that will be voted on by a joint electorate, demonstrating the company’s commitment to unified decision-making across its shareholder base. The meetings will occur in London and Perth, with options for both in-person and virtual participation, ensuring accessibility for stakeholders.
Rio Tinto Limited announced a change in the director’s interest, with Susan Lloyd-Hurwitz acquiring an additional 653 ordinary shares through an on-market trade. This acquisition increases her total holdings to 2,074 shares, reflecting continued confidence in the company’s performance and potential growth.
Rio Tinto Limited has announced a change in the interests of a substantial holder, with State Street Global Advisors and its subsidiaries adjusting their voting power in the company. This change reflects a shift in the control over voting rights and securities management, which could impact Rio Tinto’s governance and decision-making processes.
Rio Tinto Limited has announced a change in the director’s interest in securities, specifically regarding Dean Dalla Valle. The notice details that Mr. Dalla Valle acquired 424 additional ordinary shares in the company through an on-market trade, increasing his total holdings to 1,423 shares. This change reflects a strategic personal investment decision by the director, which may indicate confidence in the company’s future performance.
Rio Tinto Limited announced a change in the director’s interest, with Dean Dalla Valle acquiring 420 additional ordinary shares, bringing his total to 999 shares. This acquisition, made through an on-market trade, reflects the director’s increased investment in the company, potentially signaling confidence in Rio Tinto’s future performance and stability.
Rio Tinto Limited announced the cessation of 107,254 share rights due to the lapse of conditional rights, as the conditions were not met or became incapable of being satisfied. This announcement may impact the company’s issued capital and could have implications for stakeholders, reflecting on the company’s operational adjustments and market positioning.
Rio Tinto Limited announced the issuance of 370,910 new ordinary fully paid securities as of February 20, 2025. This move reflects the company’s ongoing efforts to manage its equity structure, potentially impacting its market positioning and providing implications for stakeholders regarding the company’s financial strategies.
Rio Tinto has announced the vesting of Performance Share Awards (PSA) under its 2018 Equity Incentive Plan, which are contingent on meeting specific performance conditions. Key management personnel received shares, some of which were sold to cover taxes and deductions, reflecting the company’s commitment to aligning management incentives with shareholder returns.
Rio Tinto Limited has announced a change in the director’s interest as Ben Wyatt increased his holdings by acquiring an additional 100 ordinary shares through an on-market trade, bringing his total to 500 shares. This acquisition reflects continued confidence in the company’s performance and could signal positive sentiment among stakeholders regarding Rio Tinto’s market positioning and future prospects.
Rio Tinto has announced the dates for its 2025 annual general meetings, which will take place in London on April 3 and in Perth on May 1. This move allows shareholders to engage with the company’s leadership either in person or virtually, underscoring Rio Tinto’s commitment to transparency and stakeholder engagement.
Rio Tinto Limited has released its corporate governance statement for the financial year ending December 2024, confirming adherence to the ASX Corporate Governance Council’s principles and recommendations. The report highlights the company’s commitment to maintaining robust governance structures, including detailed disclosures of board responsibilities, director appointments, and senior executive agreements. This announcement underscores Rio Tinto’s dedication to transparency and accountability, reinforcing its strong position within the mining industry and providing assurance to stakeholders about its governance practices.
Rio Tinto Limited has announced the first production of lithium from its Rincon Lithium Project in Argentina, marking a significant milestone in its commitment to providing materials essential for a low-carbon future. This development not only enhances the company’s portfolio but also strengthens its position in the global mining industry, potentially offering significant benefits to stakeholders by meeting the growing demand for sustainable materials.
Rio Tinto announced significant Board changes set to occur in 2025 as part of a transition towards a more streamlined governance structure. Key departures include Sam Laidlaw, Simon Henry, and Kaisa Hietala, with the latter stepping down due to potential conflicts of interest arising from Rio Tinto’s growing lithium business. These changes reflect Rio Tinto’s strategic adjustments during a period of transformation, aiming to reinforce its positioning in the mining industry while addressing potential governance conflicts.
Rio Tinto has announced that its full year results for 2024 will be presented by the Chief Executive and Chief Financial Officer on February 19, 2025. This presentation will be available via a live webcast, offering stakeholders insights into the company’s financial performance and strategic direction.
Rio Tinto has announced updates to its Mineral Resources and Ore Reserves in several key locations to support its 2024 annual reporting. The company reported significant increases in Proved Ore Reserves at its Amrun deposit in Australia and in Ore Reserves at the Porto Trombetas deposit in Brazil. Additionally, there was an increase in Indicated Mineral Resources at the Winu project in Western Australia and a substantial rise in Mineral Resources at the Quebec Operations in Canada. These updates reflect improvements in classification methodologies and confidence in the underlying resources, but also highlight some decreases in Mineral Resources in certain areas due to reclassification and updated data.
Rio Tinto Limited has announced a final dividend for the year 2024, amounting to USD 2.25 per share, which is fully franked at a corporate rate of 30%. This dividend will be paid to shareholders on April 17, 2025, with record and ex-dividend dates set for March 7 and March 6, 2025, respectively. The announcement reflects the company’s stable financial performance and commitment to returning value to its shareholders.
Rio Tinto announced strong financial results for 2024, with underlying EBITDA of $23.3 billion and a net cash flow of $15.6 billion, despite a decline in iron ore prices. The company declared a $6.5 billion ordinary dividend, reflecting a consistent payout strategy. Rio Tinto is set to enhance its growth trajectory with projects like the Oyu Tolgoi mine and the acquisition of Arcadium Lithium, highlighting its commitment to energy transition commodities. Safety remains a priority following several fatalities, and the company continues to focus on reducing its carbon footprint through renewable energy initiatives and innovations like the BioIron™ process.