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Rio Tinto Limited ( (AU:RIO) ) has provided an update.
On 19 February 2026, Rio Tinto reported solid 2025 full-year results, with underlying EBITDA up 9% to $25.4 billion and net operating cash flow up 8% to $16.8 billion, supported by an 8% rise in copper-equivalent output and tighter cost control. The miner kept underlying earnings broadly flat at $10.9 billion, paid $10.4 billion in taxes and royalties, and maintained its 60% payout ratio via a $6.5 billion ordinary dividend, marking a decade at the top end of its dividend range.
Operationally, 2025 was marked by record Pilbara iron ore volumes from April, the completion of the Oyu Tolgoi underground copper project, first iron ore shipments from Simandou in December, and the on-time opening of the Western Range replacement mine. Rio Tinto also closed its Arcadium lithium acquisition ahead of schedule, lifted copper production 11% year-on-year, delivered a 5% real-terms unit cost reduction and annualised $650 million of productivity gains, while signalling higher net debt from stepped-up capital spending and outlining 2026 production guidance that includes initial Simandou volumes and further copper growth from operated assets.
The group advanced a strategic pivot toward higher-margin, growth-oriented metals by streamlining into three core product groups—Iron Ore, Aluminium & Lithium, and Copper—and placing non-core projects like Jadar into care and maintenance. It is targeting the release of $5–10 billion from asset disposals, is testing the market for borates and titanium dioxide businesses, and continues to pursue a 3% compound annual growth rate in copper-equivalent production to 2030, albeit with its decarbonisation pathway dependent on timely third-party infrastructure and commercial agreements.
On the ESG front, Rio Tinto reported a 14% reduction in Scope 1 and 2 emissions versus its 2018 baseline and reiterated its 2030 goal of halving such emissions, while acknowledging delivery risks outside its control. In Australia, it signed new and modernised agreements with several Aboriginal groups, including the PKKP, Nyiyaparli and Yinhawangka peoples, to strengthen long-term co-management of iron ore operations and cultural heritage, even as the company investigates a recent fatality at the Simandou project and emphasises renewed focus on safety, simplification and accountability across its global operations.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$156.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
More about Rio Tinto Limited
Rio Tinto Limited, part of the Rio Tinto Group, is a global metals and mining company producing iron ore, copper, aluminium, bauxite and other commodities, with major operations in Australia, Canada and Mongolia. The group focuses on large, long-life resource assets and is increasingly emphasising copper and lithium to tap growth in energy transition and electrification markets.
Average Trading Volume: 1,420,760
Technical Sentiment Signal: Buy
Current Market Cap: A$231.7B
See more data about RIO stock on TipRanks’ Stock Analysis page.