Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Consistent, stable financial performance as we ramp up our investments in growth; underlying EBITDA of $12.1 billion and interim ordinary dividend of 177 US cents per share By: Rio Tinto via Business Wire July 30, 2024 at 18:08 PM EDT Rio Tinto (LSE:RIO) (ASX:RIO): Underlying EBITDA of $12.1 billion. Net cash generated from operating activities of $7.1 billion. Profit after tax attributable to owners of Rio Tinto (referred to as "net earnings" throughout this release) of $5.8 billion. Underlying earnings of $5.8 billion, leading to an interim ordinary dividend of $2.9 billion, a 50% payout. Six months ended 30 June 2024 2023 Change Net cash generated from operating activities (US$ millions) 7,056 6,975 1% Purchases of property, plant and equipment and intangible assets (US$ millions) 4,018 3,001 34% Free cash flow1 (US$ millions) 2,843 3,769 (25)% Consolidated sales revenue (US$ millions) 26,802 26,667 1% Underlying EBITDA1 (US$ millions) 12,093 11,728 3% Profit after tax attributable to owners of Rio Tinto (net earnings) (US$ millions) 5,808 5,117 14% Underlying earnings per share (EPS)1 (US cents) 354.3 352.9 --% Ordinary dividend per share (US cents) 177.0 177.0 --% Underlying return on capital employed (ROCE)1 19% 20% At 30 June 2024 At 31 Dec 2023 Net debt1 (US$ millions) 5,077 4,231 20% Rio Tinto Chief Executive Jakob Stausholm said: "Rio Tinto is both consistently very profitable and growing. This is being driven by the disciplined investments we are making to strengthen our operations and progress major projects for profitable organic growth. “Our overall copper equivalent production is on track to grow by around 2% this year, and our ambition is to deliver around 3% of compound annual growth from 2024 to 2028 from existing operations and projects. "We are at an inflection point in our growth, with a step change from our aluminium business and consistent production at our Pilbara iron ore operations. We have considerable growth in cash flow from the ramp-up of the underground copper mine at Oyu Tolgoi, and more value to come as our Simandou investment and Rincon lithium project proceed at pace. We are also solving some of our most complex challenges through technology and partnerships, such as the renewable power solutions announced for Boyne and NZAS. "Our strengthened operations along with stable pricing for our commodities have allowed us to again deliver robust financial results, with underlying EBITDA of $12.1 billion. We recorded free cash flow of $2.8 billion, as we invested in growth, and underlying earnings of $5.8 billion, after taxes and government royalties of $4.4 billion. Return on capital employed was a healthy 19%. "Our strong balance sheet enables us to continue to maintain our practice of a 50% interim payout with a $2.9 billion ordinary dividend, as we continue to invest with discipline to shape Rio Tinto into an even stronger company." The 2024 Half Year Results release is available here 1 This financial performance indicator is a non-IFRS (as defined below) measure which is reconciled to directly comparable IFRS financial measures (non-IFRS measures). It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document. It is presented here to give more clarity around the underlying business performance of the Group’s operations. For more information on our use of non-IFRS financial measures in this report, see the section entitled “Alternative performance measures” (APMs) and the detailed reconciliations on pages 62 to 69. Our financial results are prepared in accordance with IFRS — see page 34 for further information. This announcement is authorised for release to the market by Rio Tinto’s Group Company Secretary. LEI: 213800YOEO5OQ72G2R82 Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State View source version on businesswire.com: https://www.businesswire.com/news/home/20240730240735/en/Contacts Please direct all enquiries to media.enquiries@riotinto.com Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493 Media Relations, Australia Matt Chambers M +61 433 525 739 Alyesha Anderson M +61 434 868 118 Michelle Lee M +61 458 609 322 Media Relations, Americas Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Vanessa Damha M +1 514 715 2152 Investor Relations, United Kingdom David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948 Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Rio Tinto Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 riotinto.com Category: General Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. 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Consistent, stable financial performance as we ramp up our investments in growth; underlying EBITDA of $12.1 billion and interim ordinary dividend of 177 US cents per share By: Rio Tinto via Business Wire July 30, 2024 at 18:08 PM EDT Rio Tinto (LSE:RIO) (ASX:RIO): Underlying EBITDA of $12.1 billion. Net cash generated from operating activities of $7.1 billion. Profit after tax attributable to owners of Rio Tinto (referred to as "net earnings" throughout this release) of $5.8 billion. Underlying earnings of $5.8 billion, leading to an interim ordinary dividend of $2.9 billion, a 50% payout. Six months ended 30 June 2024 2023 Change Net cash generated from operating activities (US$ millions) 7,056 6,975 1% Purchases of property, plant and equipment and intangible assets (US$ millions) 4,018 3,001 34% Free cash flow1 (US$ millions) 2,843 3,769 (25)% Consolidated sales revenue (US$ millions) 26,802 26,667 1% Underlying EBITDA1 (US$ millions) 12,093 11,728 3% Profit after tax attributable to owners of Rio Tinto (net earnings) (US$ millions) 5,808 5,117 14% Underlying earnings per share (EPS)1 (US cents) 354.3 352.9 --% Ordinary dividend per share (US cents) 177.0 177.0 --% Underlying return on capital employed (ROCE)1 19% 20% At 30 June 2024 At 31 Dec 2023 Net debt1 (US$ millions) 5,077 4,231 20% Rio Tinto Chief Executive Jakob Stausholm said: "Rio Tinto is both consistently very profitable and growing. This is being driven by the disciplined investments we are making to strengthen our operations and progress major projects for profitable organic growth. “Our overall copper equivalent production is on track to grow by around 2% this year, and our ambition is to deliver around 3% of compound annual growth from 2024 to 2028 from existing operations and projects. "We are at an inflection point in our growth, with a step change from our aluminium business and consistent production at our Pilbara iron ore operations. We have considerable growth in cash flow from the ramp-up of the underground copper mine at Oyu Tolgoi, and more value to come as our Simandou investment and Rincon lithium project proceed at pace. We are also solving some of our most complex challenges through technology and partnerships, such as the renewable power solutions announced for Boyne and NZAS. "Our strengthened operations along with stable pricing for our commodities have allowed us to again deliver robust financial results, with underlying EBITDA of $12.1 billion. We recorded free cash flow of $2.8 billion, as we invested in growth, and underlying earnings of $5.8 billion, after taxes and government royalties of $4.4 billion. Return on capital employed was a healthy 19%. "Our strong balance sheet enables us to continue to maintain our practice of a 50% interim payout with a $2.9 billion ordinary dividend, as we continue to invest with discipline to shape Rio Tinto into an even stronger company." The 2024 Half Year Results release is available here 1 This financial performance indicator is a non-IFRS (as defined below) measure which is reconciled to directly comparable IFRS financial measures (non-IFRS measures). It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document. It is presented here to give more clarity around the underlying business performance of the Group’s operations. For more information on our use of non-IFRS financial measures in this report, see the section entitled “Alternative performance measures” (APMs) and the detailed reconciliations on pages 62 to 69. Our financial results are prepared in accordance with IFRS — see page 34 for further information. This announcement is authorised for release to the market by Rio Tinto’s Group Company Secretary. LEI: 213800YOEO5OQ72G2R82 Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State View source version on businesswire.com: https://www.businesswire.com/news/home/20240730240735/en/Contacts Please direct all enquiries to media.enquiries@riotinto.com Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493 Media Relations, Australia Matt Chambers M +61 433 525 739 Alyesha Anderson M +61 434 868 118 Michelle Lee M +61 458 609 322 Media Relations, Americas Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Vanessa Damha M +1 514 715 2152 Investor Relations, United Kingdom David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948 Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Rio Tinto Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 riotinto.com Category: General
Rio Tinto (LSE:RIO) (ASX:RIO): Underlying EBITDA of $12.1 billion. Net cash generated from operating activities of $7.1 billion. Profit after tax attributable to owners of Rio Tinto (referred to as "net earnings" throughout this release) of $5.8 billion. Underlying earnings of $5.8 billion, leading to an interim ordinary dividend of $2.9 billion, a 50% payout. Six months ended 30 June 2024 2023 Change Net cash generated from operating activities (US$ millions) 7,056 6,975 1% Purchases of property, plant and equipment and intangible assets (US$ millions) 4,018 3,001 34% Free cash flow1 (US$ millions) 2,843 3,769 (25)% Consolidated sales revenue (US$ millions) 26,802 26,667 1% Underlying EBITDA1 (US$ millions) 12,093 11,728 3% Profit after tax attributable to owners of Rio Tinto (net earnings) (US$ millions) 5,808 5,117 14% Underlying earnings per share (EPS)1 (US cents) 354.3 352.9 --% Ordinary dividend per share (US cents) 177.0 177.0 --% Underlying return on capital employed (ROCE)1 19% 20% At 30 June 2024 At 31 Dec 2023 Net debt1 (US$ millions) 5,077 4,231 20% Rio Tinto Chief Executive Jakob Stausholm said: "Rio Tinto is both consistently very profitable and growing. This is being driven by the disciplined investments we are making to strengthen our operations and progress major projects for profitable organic growth. “Our overall copper equivalent production is on track to grow by around 2% this year, and our ambition is to deliver around 3% of compound annual growth from 2024 to 2028 from existing operations and projects. "We are at an inflection point in our growth, with a step change from our aluminium business and consistent production at our Pilbara iron ore operations. We have considerable growth in cash flow from the ramp-up of the underground copper mine at Oyu Tolgoi, and more value to come as our Simandou investment and Rincon lithium project proceed at pace. We are also solving some of our most complex challenges through technology and partnerships, such as the renewable power solutions announced for Boyne and NZAS. "Our strengthened operations along with stable pricing for our commodities have allowed us to again deliver robust financial results, with underlying EBITDA of $12.1 billion. We recorded free cash flow of $2.8 billion, as we invested in growth, and underlying earnings of $5.8 billion, after taxes and government royalties of $4.4 billion. Return on capital employed was a healthy 19%. "Our strong balance sheet enables us to continue to maintain our practice of a 50% interim payout with a $2.9 billion ordinary dividend, as we continue to invest with discipline to shape Rio Tinto into an even stronger company." The 2024 Half Year Results release is available here 1 This financial performance indicator is a non-IFRS (as defined below) measure which is reconciled to directly comparable IFRS financial measures (non-IFRS measures). It is used internally by management to assess the performance of the business and is therefore considered relevant to readers of this document. It is presented here to give more clarity around the underlying business performance of the Group’s operations. For more information on our use of non-IFRS financial measures in this report, see the section entitled “Alternative performance measures” (APMs) and the detailed reconciliations on pages 62 to 69. Our financial results are prepared in accordance with IFRS — see page 34 for further information. This announcement is authorised for release to the market by Rio Tinto’s Group Company Secretary. LEI: 213800YOEO5OQ72G2R82 Classification: 3.1 Additional regulated information required to be disclosed under the laws of a Member State View source version on businesswire.com: https://www.businesswire.com/news/home/20240730240735/en/
Please direct all enquiries to media.enquiries@riotinto.com Media Relations, United Kingdom Matthew Klar M +44 7796 630 637 David Outhwaite M +44 7787 597 493 Media Relations, Australia Matt Chambers M +61 433 525 739 Alyesha Anderson M +61 434 868 118 Michelle Lee M +61 458 609 322 Media Relations, Americas Simon Letendre M +1 514 796 4973 Malika Cherry M +1 418 592 7293 Vanessa Damha M +1 514 715 2152 Investor Relations, United Kingdom David Ovington M +44 7920 010 978 Laura Brooks M +44 7826 942 797 Investor Relations, Australia Tom Gallop M +61 439 353 948 Amar Jambaa M +61 472 865 948 Rio Tinto plc 6 St James’s Square London SW1Y 4AD United Kingdom T +44 20 7781 2000 Registered in England No. 719885 Rio Tinto Limited Level 43, 120 Collins Street Melbourne 3000 Australia T +61 3 9283 3333 Registered in Australia ABN 96 004 458 404 riotinto.com Category: General
