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About Rio Tinto (ASX:RIO)
Rio Tinto Limited is a dual-listed mining company traded on the ASX and the London Stock Exchange. It produces iron ore from the Pilbara region of Western Australia, together with aluminium, copper and minerals from operations in more than 30 countries, and sells to customers globally.
Rio Tinto (ASX:RIO) released its 2026 half year results for the six months ended 30 June 2026. The company reported underlying EBITDA of US$14,826 million, up 28% on the prior corresponding period, and free cash flow of US$3,834 million, up 75%. Profit after tax attributable to owners of Rio Tinto was US$6,664 million (up 47%), with underlying earnings of US$6,851 million (up 43%) and an underlying return on capital employed of 17%. Consolidated sales revenue was US$31,028 million (up 15%) and net cash generated from operating activities was US$9,173 million (up 32%). Underlying earnings per share were 421.4 US cents (up 42%), and net debt was US$14,061 million at 30 June 2026.
The board declared an interim ordinary dividend of US$3.4 billion, up 43%, equal to 211.0 US cents per share and representing a 50% payout ratio. Copper equivalent production rose 3% in the half, and Copper, Aluminium and Lithium together contributed more than 50% of underlying EBITDA. Rio Tinto said it had banked US$870 million of productivity benefits year-to-date and was on track for an annualised run-rate of US$1.8 billion by year-end. Chief Executive Simon Trott attributed the outcome to a step-change in performance alongside favourable commodity prices, and cited continued investment in growth projects including Simandou in iron ore and lithium. Taxes and government royalties totalled US$5.6 billion.
Source: Rio Tinto Limited (ASX:RIO), 29 July 2026. Summary content supplied by Digifin Pty Ltd.
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