Top Page
Rio Tinto Limited
(Sydney:RIO)
Rio Tinto Limited (RIO) vs. iShares MSCI Australia ETF (EWA)
Rio Tinto Limited Business Overview & Revenue Model
Rio Tinto Limited Earnings Call Summary
Rio Tinto Limited Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 59.65B | 53.66B | 54.04B | 55.55B | 63.49B |
| Gross Profit | 15.81B | 30.28B | 17.30B | 21.30B | 31.34B |
| EBITDA | 22.62B | 23.16B | 21.08B | 22.71B | 33.93B |
| Net Income | 10.31B | 11.55B | 10.06B | 12.42B | 21.09B |
Balance Sheet | |||||
| Total Assets | 128.19B | 102.79B | 103.55B | 96.74B | 102.90B |
| Cash, Cash Equivalents and Short-Term Investments | 9.45B | 7.20B | 9.78B | 8.91B | 15.29B |
| Total Debt | 24.60B | 13.86B | 14.35B | 12.27B | 13.53B |
| Total Liabilities | 61.12B | 44.82B | 47.21B | 44.47B | 46.31B |
| Stockholders Equity | 62.24B | 55.25B | 54.59B | 50.63B | 51.43B |
Cash Flow | |||||
| Free Cash Flow | 4.98B | 5.98B | 8.07B | 9.38B | 17.96B |
| Operating Cash Flow | 17.74B | 15.60B | 15.16B | 16.13B | 25.34B |
| Investing Cash Flow | -18.32B | -9.59B | -6.96B | -6.71B | -7.16B |
| Financing Cash Flow | 876.54M | -7.09B | -5.28B | -15.47B | -15.86B |
Rio Tinto Limited Technical Analysis
Rio Tinto Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | AU$63.08B | 11.23 | 17.06% | 4.96% | -13.65% | -39.85% | |
74 Outperform | AU$237.25B | 17.58 | 18.11% | 3.93% | 0.38% | -3.57% | |
71 Outperform | $300.88B | 18.69 | 19.51% | 3.75% | -6.74% | 15.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
59 Neutral | AU$21.26B | 46.46 | 3.64% | 2.67% | 6.53% | ― | |
58 Neutral | AU$11.71B | 29.35 | -26.55% | ― | -15.27% | -817.26% | |
49 Neutral | $6.27B | -30.37 | -35.65% | ― | -37.23% | -32433.33% |
Rio Tinto Limited Corporate Events
A disclosure filing under the UK Takeover Code shows that Peter Cunningham, a person acting in concert with Rio Tinto plc and Rio Tinto Limited in relation to an offer, holds an interest in 79,216.912673 Rio Tinto plc 10p ordinary shares, including a portion held by a close relative, with no reported short positions or cash-settled derivatives. The filing also details Cunningham’s rights to subscribe for additional Rio Tinto plc shares through various bonus deferral awards, the Global Employee Share Plan and an equity incentive plan, underlining the breadth of his equity-linked exposure to the company during an offer period and providing transparency to investors and regulators about insider and concert party holdings.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$171.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has filed an amended public opening position disclosure under UK takeover rules, confirming that as offeror it currently holds no relevant securities, derivatives or short positions in Rio Tinto plc or Rio Tinto Limited beyond ordinary shareholdings by its directors and related parties. The filing details only de minimis director shareholdings and clarifies that there are no rights to subscribe for new securities, signalling a neutral starting position in terms of control or leverage over the relevant securities as formal offer-related disclosures commence, which may be closely watched by investors and regulators for any subsequent changes in ownership or derivative positions.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$171.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has disclosed routine dealings in its securities by persons discharging managerial responsibility and key management personnel under its Global Employee Share Plan (myShare) and the UK Share Plan. On 19 January 2026, senior executives including Peter Cunningham, Katie Jackson and Jérôme Pécresse acquired small numbers of Rio Tinto plc shares through salary deductions and received an equivalent number of matching share awards, reflecting the company’s ongoing use of equity-based incentives to align management and employee interests with shareholder value, rather than signalling any strategic change or material shift in ownership.
The most recent analyst rating on (AU:RIO) stock is a Buy with a A$165.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited has applied for quotation on the ASX of 130,000 new ordinary fully paid shares to be issued on 14 January 2026 under an employee incentive scheme. The modest size of this issuance suggests a routine equity allocation to staff rather than a capital-raising event, incrementally increasing the company’s quoted share count while aligning employee interests with shareholder value.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited has notified the market of the issue of 167,953 fully paid ordinary shares arising from the exercise or conversion of previously unquoted equity securities, effective 31 December 2025. The modest increase in issued capital reflects the crystallisation of unquoted options or convertible instruments, signalling ongoing use of equity-based incentives or financing structures but with no indication in the filing of any material change to the company’s overall capital position or operations.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited has notified the ASX of the issue of 194,103 unquoted share rights under its employee incentive scheme, effective 31 December 2025, via an Appendix 3G filing. The issuance of these unquoted equity securities reflects the company’s ongoing use of long-term incentives to align employee and executive remuneration with shareholder interests, without diluting the quoted share capital on the exchange, and underscores continued emphasis on performance-based compensation structures within the resources sector.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited has notified the market that 83,169 share rights, trading under the ASX code RIOAL, have lapsed as of 31 December 2025 because the conditions attached to those rights were not, or could no longer be, satisfied. The cessation of these conditional securities marginally reduces the company’s potential future share issuance under that particular rights program and reflects the performance or service conditions embedded in its equity-based remuneration or incentive structures.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has released its key financial calendar dates for 2026, outlining the timetable for the company’s 2025 final dividend and 2026 interim dividend. The schedule includes dates for full-year and half-year results announcements, ex-dividend and record dates for both ordinary shares and ADRs, deadlines for participation in dividend reinvestment plans and alternative currency elections, and payment dates for both the final and interim dividends. The company also noted that annual general meeting dates will be confirmed later, giving investors and stakeholders clearer visibility over Rio Tinto’s 2026 reporting and capital return timetable.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$140.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has confirmed that it is in preliminary discussions with Glencore over a potential combination of some or all of their businesses, which could involve an all-share merger implemented via a Court-sanctioned scheme of arrangement resulting in Rio Tinto acquiring Glencore. While the talks could reshape the global mining landscape and materially expand Rio Tinto’s portfolio and scale, the company stressed there is no certainty an offer will be made or what its terms might be, and it has until 5 February 2026 to announce a firm intention to bid or walk away under UK takeover rules, with further updates to be provided as appropriate.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$140.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited announced changes in the director’s interest notice for Simon Trott, reflecting adjustments in his equity holdings under the company’s Equity Incentive Plan. The changes involve the acquisition and disposal of awards and shares, primarily due to the vesting of Bonus Deferral Awards (BDA) and the subsequent tax implications. This update is part of routine disclosures under corporate governance requirements, ensuring transparency in director dealings.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto Limited announced the vesting of Bonus Deferral Awards (BDA) for its key management personnel, as part of its 2018 Equity Incentive Plan. The awards, which are delivered as deferred ordinary shares, saw a portion sold to cover taxes and deductions, with the remainder retained by the executives. This move reflects the company’s ongoing commitment to aligning management incentives with shareholder interests.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has announced the initial reporting of Mineral Resources and Ore Reserves for seven lithium assets acquired from Arcadium Lithium. These assets include four lithium brines deposits in Argentina and three hard rock spodumene deposits in Canada and Australia. This announcement positions Rio Tinto to strengthen its presence in the lithium market, which is vital for the growing demand in electric vehicle batteries. The detailed reporting of these resources and reserves highlights the company’s strategic focus on expanding its lithium production capabilities, potentially impacting its market positioning and offering significant opportunities for stakeholders.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has announced the initial reporting of Mineral Resources and Ore Reserves for seven lithium assets acquired through the purchase of Arcadium Lithium. These assets include four lithium brine deposits in Argentina and three hard rock spodumene deposits in Canada and Australia. This marks the first time Rio Tinto is reporting these resources in compliance with the JORC Code and ASX Listing Rules. The announcement highlights Rio Tinto’s strategic expansion into the lithium market, which is crucial for the growing demand in electric vehicle batteries and renewable energy storage. This move is expected to strengthen the company’s position in the lithium industry and provide significant opportunities for growth and development.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto’s recent presentation at the Capital Markets Day highlighted the company’s strategic focus and the challenges it faces, including geopolitical impacts, climate change, and technological advancements. The company emphasized the importance of managing risks and uncertainties to maintain its industry position and meet stakeholder expectations.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.
Rio Tinto has announced a strategic plan to enhance its operations by becoming stronger, sharper, and simpler, aiming to deliver industry-leading returns. The company is focusing on operational excellence, project execution, and capital discipline to drive growth and improve productivity. Key initiatives include a 7% production growth expected in 2025, significant productivity benefits, and the opportunistic release of $5-10 billion from existing assets. The strategy also involves upgrading production guidance for copper and bauxite, while maintaining a strong balance sheet and a commitment to decarbonization. These efforts are designed to position Rio Tinto as the most valued metals and mining company, benefiting shareholders, employees, partners, and communities.
The most recent analyst rating on (AU:RIO) stock is a Hold with a A$129.50 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.