Rio Tinto Limited (DE:CRA1)
FRANKFURT:CRA1
Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.53Last Year’s EPS
2.56Same Quarter Last Year
Based on 10 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong operational delivery and portfolio diversification-driven financial outperformance in 2025: production growth (8% copper equivalent), EBITDA growth (+9% to $25.4bn), major project milestones (OT underground complete; Simandou first shipment), disciplined capital allocation and robust shareholder returns (60% payout, $6.5bn). Management also identified and began delivering on $650m of productivity gains and expects materially higher cash improvements in 2026. Key challenges include a fatality at Simandou (stopped works and safety remediation), weaker iron ore earnings (EBITDA down 11%), elevated near‑term CapEx (~$11bn) and a modest rise in net debt to $14.4bn. Volume growth is expected to moderate to ~3% in 2026 with several asset curtailments and grade headwinds noted. On balance, the operational and financial positives and clear plans to drive further productivity and capital discipline outweigh the material but addressable lowlights.Company Guidance
Production Growth and Records
Copper equivalent production grew 8% in 2025 with annual records set for both copper and bauxite; Oyu Tolgoi shipments up 60% and underground development at OT completed, positioning ~500,000 tpa copper average between 2028–2036.
Strong Earnings and EBITDA
Underlying EBITDA increased 9% to $25.4 billion and underlying earnings remained stable at $10.9 billion.
Shareholder Returns
Board to return 60% of underlying earnings to shareholders, equating to a $6.5 billion dividend; company has a 10‑year track record of paying at the top of the 40–60% policy range.
Cost and Productivity Improvements
Company unlocked a $650 million annualized productivity run rate and expects to achieve this by end of Q1; copper equivalent unit costs reduced by 5% and further cash improvements expected materially above the Q1 run rate in 2026.
Commodity Price Momentum
Copper and aluminium average prices rose ~9% year-on-year; copper ended the year 44% higher and aluminium 17% higher versus 12 months prior, supporting margins (copper EBITDA more than doubled to $7.4 billion; aluminium EBITDA up 20%).
Volume-Driven Earnings Upside
Nearly $3 billion of volume improvement year-on-year was reported, with higher sales (notably copper and gold) accounting for the largest uplift in earnings.
Major Project Milestones
First shipment of high‑quality iron ore from Simandou in December; Simandou development nearly two‑thirds complete with target full ramp to 60 Mtpa; lithium in‑flight projects progressed with growth spend ~ $1.0+ billion and target capacity ~200,000 tpa by 2028.
Balance Sheet and Capital Discipline
Net debt at $14.4 billion (post‑Arcadium acquisition) with modest gearing of 18%; committed to single A credit rating and to capital framework that targets $5–10 billion of capital release from the asset base (testing markets for RTIT and borates).
Pilbara Recovery and Iron Ore Unit Cost Guidance
Pilbara mines rebounded after cyclones with record production since April; iron ore unit cost in line with guidance at $23.50/t and 2026 guidance set at $23.50–$25/t (subject to FX).
DE:CRA1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
DE:CRA1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | €97.79 | €93.22 | -4.67% |
Jul 30, 2025 | €63.21 | €62.24 | -1.53% |
Feb 19, 2025 | €67.34 | €67.00 | -0.50% |
Jul 30, 2024 | €63.73 | €64.92 | +1.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rio Tinto Limited (DE:CRA1) report earnings?
Rio Tinto Limited (DE:CRA1) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Rio Tinto Limited (DE:CRA1) earnings time?
Rio Tinto Limited (DE:CRA1) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Rio Tinto Limited stock?
The P/E ratio of Rio Tinto Limited is N/A.
What is DE:CRA1 EPS forecast?
DE:CRA1 EPS forecast for the fiscal quarter 2026 (Q2) is 3.53.