Core Viewpoint - Rio Tinto Ltd reported earnings with an EPS of $3.67, slightly below estimates, but revenue exceeded expectations at approximately $30.77 billion [1][6] Financial Performance - The company experienced a 14% decrease in net profit to $9.97 billion for 2025, despite a diversified portfolio that mitigated declines in iron ore prices [5][6] - Revenue performance was strong, surpassing estimates of $30.19 billion [2][6] - RIO's P/E ratio is approximately 15.26, and its price-to-sales ratio stands at about 2.90, indicating market valuation relative to earnings and sales [3] - The enterprise value to sales ratio is around 3.17, suggesting how the company's total value compares to its sales [3] Operational Efficiency - RIO saw an 8% increase in net cash generated from operating activities, reaching $16.8 billion [4] - The enterprise value to operating cash flow ratio is approximately 10.98, providing insight into cash flow generation relative to valuation [4] - The current ratio is approximately 1.53, indicating the company's ability to cover short-term liabilities with short-term assets [4] Market Reaction - Following the earnings report, RIO's share price dropped by 4% during early trading, influenced by a broader sell-off in the mining sector [2]

Core Insights - Rio Tinto Group is a leading global mining company, recognized as the world's second-largest miner by market value, with significant operations in mineral extraction and processing [1] - The company is set to release its quarterly earnings on February 19, 2026, with analysts estimating an EPS of $3.71 and projected revenue of $30.19 billion [1][6] Financial Performance - In Q4 2025, Rio Tinto reported a net profit of $9.97 billion, reflecting a 14% decrease from the previous year's profit of $11.55 billion [2][6] - Despite the decline in net profit, the company's underlying earnings and payout remained stable, supported by an 8% increase in copper equivalent production due to improved cost discipline and streamlined operations [2] Financial Metrics - The company has a price-to-earnings (P/E) ratio of 15.02, indicating the price investors are willing to pay for each dollar of earnings [3][6] - The price-to-sales ratio is 2.85, reflecting the value placed on each dollar of sales, while the enterprise value to sales ratio stands at 3.12 [3] - The enterprise value to operating cash flow ratio is 10.82, showing how its cash flow is valued in the market, and the earnings yield is 6.66%, indicating a solid return on investment for shareholders [4][6] - The debt-to-equity ratio of 0.41 suggests a moderate level of debt compared to equity, and a current ratio of 1.53 indicates the company's ability to cover short-term liabilities with short-term assets [4] Safety and Commitment - Safety remains a priority for Rio Tinto, particularly following a tragic incident at the Simandou project, with the CEO emphasizing the company's commitment to understanding the circumstances and preventing future occurrences [5]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of event requiring this shell company report or For the transition period from: to Commission file number: 001-10533 Commission file number: 001-34121 Rio Tinto plc Rio Tinto Limited ABN 96 004 458 404 (Mark One) For the fiscal year ended: ...

Core Insights - The company anticipates strong operational performance and improved financial results in 2025, primarily driven by higher production volumes, achieving an industry-leading 8% increase in copper equivalent production and setting annual production records for copper and bauxite [1][4] Financial Performance - Underlying EBITDA for 2025 rose to $25.4 billion, a 9% year-on-year increase, while underlying earnings reached $10.9 billion, with a commitment to return 60% of these earnings (approximately $6.5 billion) to shareholders [6][7] - Copper was highlighted as the standout segment, with EBITDA more than doubling to $7.4 billion, supported by nearly $3 billion of volume improvement year-on-year [6][8] Production and Operations - The company reported a significant rebound in Pilbara operations following four cyclones earlier in the year, achieving production records from April [1] - Simandou project is approximately two-thirds complete, with a commitment to a 60 million tonnes per annum ramp-up and a first shipment of high-quality iron ore achieved in December [5][16] Cost Management and Capital Expenditure - The company aims to unlock $650 million in annualized productivity savings by Q1 2026, with a focus on operational discipline and streamlining processes [5][12] - Capital expenditure for 2025 is projected at around $11 billion, including $1.6 billion for Simandou and over $1 billion for lithium growth projects, with guidance stepping down to $10 billion thereafter [14] Market Dynamics - Copper and aluminum prices increased by 9% on average for the year, with copper ending the year 44% higher than the previous year, while aluminum was 17% higher [10] - Iron ore EBITDA fell 11% year-over-year but was offset by strong performances in copper and aluminum [11] Strategic Initiatives - The company is directing 85% of its exploration budget toward copper, with significant projects identified in Peru, Arizona, and Chile [17] - Discussions with Glencore were constructive, but the company concluded that no agreement could deliver value for shareholders [18]

力拓下跌3.9%，成为该板块表现最差个股。此前这家矿业公司公布全年利润持平。 欧洲矿业股领跌基准斯托克600指数，因美联储最新会议纪要削弱了进一步降息预期后，铜价下跌。力 拓盈利持平也对该板块构成压力。 Antofagasta下跌3.7%，奥钢联下跌2.5%，嘉能可下跌2.3%，英美公司下跌2.0%。 斯托克600基础资源指数一度下跌2.6%，成为欧洲股市表现最差板块。 当地时间8：55，伦敦金属交易所铜价微跌0.2%，至每吨12，880美元。 铁矿石和铝价同步下挫。 铁矿石和铝价同步下挫。 888、666、188……专属炒股靓号来了！新年定制福利，开启马年投资好运>> 888、666、188……专属炒股靓号来了！新年定制福利，开启马年投资好运>> 责任编辑：何云 欧洲矿业股领跌基准斯托克600指数，因美联储最新会议纪要削弱了进一步降息预期后，铜价下跌。力 拓盈利持平也对该板块构成压力。 斯托克600基础资源指数一度下跌2.6%，成为欧洲股市表现最差板块。 力拓下跌3.9%，成为该板块表现最差个股。此前这家矿业公司公布全年利润持平。 Antofagasta下跌3.7%，奥钢联下跌2.5%，嘉能可下跌2.3%， ...

Rio Tinto Group (NYSE:RIO) H2 2025 Earnings call February 19, 2026 03:30 AM ET Company ParticipantsBen Davis - Head of European Metals and Mining ResearchEphrem Ravi - Managing DirectorGlyn Lawcock - Head of Resources ResearchLiam Fitzpatrick - Managing Director and Head of European Metals and MiningMatthew Greene - VPPaul Young - Managing DirectorPeter Cunningham - CFORahul Anand - Executive Director and Head of Australia Materials ResearchSimon Trott - CEONone - Company RepresentativeConference Call Parti ...

Financial Data and Key Metrics Changes - Underlying EBITDA increased by 9% to $25.4 billion, driven by strong operational performance and productivity improvements [6][12] - Stable underlying earnings of $10.9 billion, with a dividend payout of 60%, equating to $6.5 billion returned to shareholders [6][13] - Net debt rose to $14.4 billion, with a modest gearing of 18% [13][23] Business Line Data and Key Metrics Changes - Copper equivalent production increased by 8%, setting annual records for both copper and bauxite [5][6] - Copper EBITDA more than doubled to $7.4 billion, with shipments up 60% at Oyu Tolgoi [20][21] - Iron ore delivered $15.2 billion of EBITDA, with unit costs in line with guidance at $23.50 per ton [20][21] Market Data and Key Metrics Changes - Copper and aluminum prices rose by 9%, with copper ending the year 44% higher than the previous year [14] - Iron ore remains supported by Chinese steel export growth, with a structurally balanced market [13][14] - Lithium markets showed strong momentum, with battery storage demand emerging as a fast-growing pillar of the energy transition [14][15] Company Strategy and Development Direction - The company aims for a 3% CAGR for copper equivalent production through to the end of the decade, focusing on operational excellence and cost reductions [7][10] - A significant portion of the exploration budget (85%) is directed towards copper, emphasizing the importance of value-accretive projects [9] - The company is committed to capital discipline, with rigorous capital allocation guiding every investment decision [10] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the need for improved safety measures following a recent tragedy at the Simandou site, emphasizing the importance of safe operations [3][4] - The company is confident in achieving its production targets, including the 60 million tons per annum of iron ore from Simandou [9][58] - Future growth is expected to be driven by strong demand for aluminum, lithium, and copper, despite some supply constraints [7][14] Other Important Information - The company is actively testing the market for RTIT and the Borates businesses, aiming to deliver $5 billion-$10 billion in cash proceeds from its asset base [10] - The company has a strong balance sheet and is generating stable operating cash flow from its diversified portfolio [24] Q&A Session Summary Question: Insights on Glencore discussions and coal ownership - Management assessed the transaction with a focus on underlying asset quality and potential value creation, concluding that an agreement could not be reached [30][39] Question: Opportunities in streaming agreements - Management indicated that various options exist across the portfolio for capital release, including potential streaming agreements [32][33] Question: Cost-cutting opportunities in Pilbara - Management confirmed that the $650 million run rate for productivity improvements is expected to be exceeded in 2026, with a multi-year program in place [34][35] Question: Iron ore cost targets compared to competitors - Management emphasized the importance of comparing full unit costs and highlighted ongoing efforts to drive efficiencies in the Pilbara [67][69] Question: Future of iron ore negotiations - Management confirmed ongoing conversations with customers, focusing on securing supply and creating value together [74][75] Question: Geopolitical risk considerations - Management acknowledged the complexities of operating in high-risk regions and emphasized the importance of value and risk mitigation in decision-making [92][96]

Financial Data and Key Metrics Changes - Underlying EBITDA increased by 9% to $25.4 billion, driven by strong operational performance and productivity improvements [4][10] - Stable underlying earnings of $10.9 billion, with a dividend payout of 60%, equating to $6.5 billion returned to shareholders [4][22] - Net debt rose to $14.4 billion, reflecting the Arcadium acquisition, but remains manageable with a gearing of 18% [11][21] Business Line Data and Key Metrics Changes - Copper equivalent production increased by 8%, setting annual records for both copper and bauxite [4][10] - Copper EBITDA more than doubled to $7.4 billion, driven by higher prices and rising volumes, with shipments up 60% at Oyu Tolgoi [18][19] - Iron ore delivered $15.2 billion of EBITDA, with unit costs in line with guidance at $23.50 per ton [18][19] Market Data and Key Metrics Changes - Copper and aluminum prices rose by 9%, with copper ending the year 44% higher than the previous year [12][18] - Iron ore remains supported by Chinese steel export growth, with a structurally balanced market [11][12] - Lithium markets showed strong momentum, with battery storage demand emerging as a fast-growing pillar of the energy transition [12][19] Company Strategy and Development Direction - The company aims for a 3% CAGR for copper equivalent production through to the end of the decade, focusing on operational excellence and cost reductions [5][6] - A disciplined approach to capital allocation is emphasized, with all projects required to create shareholder value [8][9] - The company is prioritizing copper in its exploration budget, directing 85% towards copper projects [7] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the need for improved safety practices following a recent tragedy at Simandou, emphasizing the importance of safe operations [2][3] - The company is confident in achieving its production targets at Simandou despite recent challenges [59] - Future growth is expected to be driven by strong demand for aluminum, lithium, and copper, with supply constraints in the sector [5][12] Other Important Information - The company is actively testing the market for asset sales, including RTIT and the Borates businesses, aiming for $5 billion-$10 billion in cash proceeds [8] - The company has a robust project pipeline to extend growth into the 2030s, with a focus on copper [7][19] Q&A Session Summary Question: Insights on Glencore discussions and coal ownership - Management assessed the transaction with a focus on underlying asset quality and potential value creation, ultimately deciding against the merger due to limited synergies [10][39] Question: Opportunities in streaming agreements - The company has various options to release capital across its portfolio, including potential streaming agreements, but will prioritize value-driven decisions [31][32] Question: Cost-cutting opportunities in Pilbara - The $650 million productivity program is expected to exceed initial targets, with systematic reviews across all business units to identify further cost reductions [33][34] Question: Iron ore negotiations and market dynamics - Ongoing conversations with customers focus on securing supply and pricing, reflecting the evolving iron ore market [76][77] Question: Geopolitical risk considerations - The company evaluates opportunities in high-risk regions with a focus on value and potential returns, using higher discount rates for riskier projects [96][100]

Forward - looking statements 2025 Full Year Results 19 February 2026 Oyu Tolgoi, Mongolia Cautionary statements This presentation has been prepared by Rio Tinto plc and Rio Tinto Limited (together with their subsidiaries, "Rio Tinto"). By accessing/attending this presentation you acknowledge that you have read and understood the following statements. This presentation includes "forward -looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than ...

财报显示，作为力拓最大的利润来源，铁矿石业务受到价格下跌和出货量持平的拖累，基础息税折旧及 摊销前利润(EBITDA)同比下降了11%。此外，公司在西澳大利亚皮尔巴拉地区的铁矿石业务面临挑 战，年度单位成本因通胀压力和天气相关干扰较2024年上升约0.5美元/吨。力拓预计，今年皮尔巴拉铁 矿石的单位成本将进一步上升至每湿吨23.5至25.0美元之间。 与铁矿石业务形成鲜明对比的是，力拓的铜业务表现抢眼。得益于蒙古奥尤陶勒盖矿的持续增产，2025 年铜产量同比增长了11%，平均实现价格也上涨17%，推动该业务的基础EBITDA倍增，达到73.7亿美 元。力拓的铝和锂业务也因价格改善而实现29%的盈利增长，但其中包含了约10亿美元与美国铝出口关 税相关的总成本。 智通财经APP获悉，全球矿业巨头力拓(RIO.US)于周四公布了其2025年度业绩。数据显示，尽管核心的 铁矿石业务因价格疲软而受到拖累，但在铜业务强劲表现的有力支撑下，公司全年基础盈利基本持平， 略低于市场预期。 根据力拓发布的财报，截至2025年12月31日的年度，该公司录得基础盈利108.7亿美元。这一数字与上 一年度持平，但略低于市场预期的110 ...