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Rio Tinto (DE:RIO1)
XETRA:RIO1
Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.44Last Year’s EPS
2.55Same Quarter Last Year
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and financial picture: record and growing copper and bauxite production, rising EBITDA (driven by copper and aluminum), completed major project milestones (OT underground, first Simandou shipment), and clear productivity initiatives unlocking a $650m run rate with expectations for materially higher cash benefits in 2026. Offsetting factors include a fatal safety incident at Simandou with immediate operational impacts, a rise in net debt (post‑acquisition), weaker iron ore earnings, cyclone-related costs, and near-term volume headwinds from scheduled closures and grade decline. Management emphasized capital discipline, project execution, and a pipeline of growth options while retaining a strong dividend policy.Company Guidance
Production Growth — Copper Equivalent
Copper equivalent production increased 8% year-on-year, with annual production records set for both copper and bauxite; management reiterated ambition of ~3% CAGR in copper equivalent production through the end of the decade.
Strong EBITDA and Earnings
Underlying EBITDA rose 9% to $25.4 billion; underlying earnings were $10.9 billion, supporting a shareholder return of 60% of underlying earnings (dividends of $6.5 billion).
Copper Outperformance
Copper was a standout: copper EBITDA more than doubled to $7.4 billion; copper prices ended the year ~44% higher than 12 months earlier (transcript notes average prices rose c.9%), and OT shipments were up 60% with underground development complete and targeted output ~500,000 tpa (2028–2036).
Productivity and Cost Reduction Momentum
Self-help measures unlocked a $650 million annualized productivity run rate (targeted to be achieved by end of Q1) and management expects cash improvements materially above the Q1 run rate in 2026; copper-equivalent unit costs reduced by 5%.
Operational Recoveries and Asset Performance
Pilbara mines rebounded strongly after cyclones and hit production records from April; iron ore unit costs at $23.50/t in 2025 with guidance $23.50–$25/t for 2026; aluminum delivered record smelting and bauxite production and EBITDA up ~20%.
Progress on Major Growth Projects
Oyu Tolgoi underground development is complete and ramping; first shipment from Simandou achieved in December with a target of 60 Mtpa at full ramp-up; lithium in‑flight projects progressed, targeting ~200,000 tpa capacity by 2028.
Portfolio and Capital Discipline
Management reiterated rigorous capital allocation: testing markets for RTIT and Borates, targeting $5–$10 billion in cash proceeds from portfolio, CapEx guidance up to $11 billion for next 2 years then stepping to ~$10 billion thereafter.
Balance Sheet and Dividends
Net debt increased to $14.4 billion (post Arcadium acquisition) but gearing remained modest at ~18%; maintained dividend policy and paid at the top end (60%) for the 10th consecutive year.
DE:RIO1 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:RIO1 Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | €84.52 | €81.24 | -3.88% |
Jul 29, 2025 | €52.32 | €52.56 | +0.45% |
Feb 19, 2025 | €57.72 | €57.27 | -0.78% |
Jul 30, 2024 | €53.99 | €54.76 | +1.42% |
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 (DE:RIO1) report earnings?
Rio Tinto (DE:RIO1) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Rio Tinto (DE:RIO1) earnings time?
Rio Tinto (DE:RIO1) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Rio Tinto stock?
The P/E ratio of Rio Tinto is N/A.
What is DE:RIO1 EPS forecast?
DE:RIO1 EPS forecast for the fiscal quarter 2026 (Q2) is 3.44.