Rio Tinto: Step-Change in Performance Delivering Higher Shareholder Returns
The miner cited higher iron ore, lithium and aluminium output as it lifted interim payouts 43% and kept full-year guidance unchanged.
- Rio Tinto Group reported strong first-half results on Tuesday, July 29, 2026, with underlying EBITDA rising 28% to $14.8 billion and net earnings climbing 47% to $6.7 billion.
- Stronger commodity prices, particularly in copper, aluminium, and lithium, drove performance, with these sectors collectively contributing more than half of Rio's underlying EBITDA.
- Pilbara iron ore operations produced 162.3 million tonnes, marking their strongest first-half performance since 2018, while copper-equivalent production rose 3% alongside successful early-stage lithium output.
- Strong cash generation enabled Rio to declare a $3.4 billion interim dividend, its highest in four years, while management pursues around $5 billion in asset sales by the end of 2026.
- Chief Executive Officer Simon Trott said the company is targeting an annualised productivity run-rate of $1.8 billion by the end of 2026, with continued investment in major growth projects.
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Rio Tinto (NYSE:RIO) Announces Quarterly Earnings Results
Rio Tinto (NYSE:RIO - Get Free Report) released its quarterly earnings data on Wednesday. The mining company reported $2.11 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($1.98). The firm had revenue of $15.51 billion for the quarter, compared to the consensus estimate of $31.62 billion.
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Rio Tinto and Glencore have posted near-record updates thanks to this year’s sky-high commodity prices and the uncertainty wrought by the Middle East conflict. Mining juggernaut Rio Tinto notched a 43 per cent jump in profit over the first six months of the year, pointing to persistently elevated metals prices and the ambitious efficiency programme it launched in 2025. Glencore – the world’s largest miner that also boasts an enormous commodity t…
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