Top Page
Rio Tinto
(LSE:RIO)
Rio Tinto (RIO) vs. iShares MSCI United Kingdom ETF (EWC)
Rio Tinto Business Overview & Revenue Model
Rio Tinto Earnings Call Summary
Rio Tinto Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 58.85B | 53.66B | 54.04B | 55.55B | 63.49B |
| Gross Profit | 15.60B | 30.28B | 32.40B | 34.27B | 44.93B |
| EBITDA | 22.31B | 23.16B | 21.08B | 25.54B | 36.13B |
| Net Income | 10.18B | 11.55B | 10.06B | 12.39B | 21.11B |
Balance Sheet | |||||
| Total Assets | 128.15B | 102.79B | 103.55B | 96.74B | 102.90B |
| Cash, Cash Equivalents and Short-Term Investments | 9.45B | 7.20B | 9.78B | 8.94B | 15.35B |
| Total Debt | 24.59B | 13.86B | 14.35B | 12.27B | 13.53B |
| Total Liabilities | 61.10B | 44.82B | 47.21B | 44.47B | 46.31B |
| Stockholders Equity | 62.23B | 55.25B | 54.59B | 50.17B | 51.43B |
Cash Flow | |||||
| Free Cash Flow | 4.91B | 5.98B | 8.07B | 9.38B | 17.96B |
| Operating Cash Flow | 17.51B | 15.60B | 15.16B | 16.13B | 25.34B |
| Investing Cash Flow | -18.08B | -9.59B | -6.96B | -6.71B | -7.16B |
| Financing Cash Flow | 864.77M | -7.09B | -5.28B | -15.47B | -15.86B |
Rio Tinto Technical Analysis
Rio Tinto Risk Analysis
Rio Tinto Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | £121.35B | 6.00 | 18.43% | 4.75% | -3.50% | -7.04% | |
65 Neutral | £568.62M | 11.82 | 3.23% | ― | -32.18% | -58.29% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | £61.56B | 176.08 | -5.26% | 1.89% | -1.06% | -285.88% | |
58 Neutral | £842.37M | -4.42 | -27.65% | ― | ― | 1.86% | |
56 Neutral | $37.25B | -11.13 | -9.21% | 0.80% | -27.65% | -160.77% | |
56 Neutral | £239.65M | -1.06 | -4.64% | 7.30% | 6.65% | -159.09% |
Rio Tinto Corporate Events
Rio Tinto reported an 8% increase in copper-equivalent production in 2025, driven by the ramp-up of the Oyu Tolgoi underground copper mine and strong Pilbara iron ore output, which helped lift underlying EBITDA 9% to $25.4 billion and operating cash flow to $16.8 billion. Despite flat underlying earnings of $10.9 billion and a 14% drop in net profit to $10.0 billion, the group maintained its 60% payout ratio, declaring a $6.5 billion ordinary dividend and extending its decade-long record at the top of the range.
The miner highlighted major project milestones, including completion of Oyu Tolgoi’s underground development, first high-grade iron ore shipments from Simandou, opening of the Western Range replacement mine and the Arcadium lithium acquisition to build up to 200,000 tonnes per year of lithium carbonate capacity by 2028. Ongoing cost and productivity initiatives delivered a 5% unit cost reduction and $650 million in annualised savings, while Rio Tinto advanced decarbonisation and modernised agreements with several Aboriginal groups, strengthening its social licence as it targets sustained volume growth and structural margin improvements to 2030 and beyond.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has updated its Mineral Resources and Ore Reserves ahead of its 2025 annual reporting, announcing a series of reclassifications and volume changes across key copper, aluminium and borates assets. The adjustments reflect new drilling data, updated orebody knowledge and refined economic assumptions, with no material changes to governmental, environmental or community factors.
At the Oyu Tolgoi Oyut open pit in Mongolia, Proved and Probable Ore Reserves rose 8%, driven by converting Inferred to Indicated resources through denser drilling, while overall Mineral Resources at pit level fell 14%. In Utah, the Kennecott Bingham Canyon open pit saw a substantial conversion of Mineral Resources into Ore Reserves, sharply reducing reported resources, while the underground deposit posted a 122% increase in Mineral Resources and an 85% rise in Ore Reserves as confidence in the orebody improved.
In Queensland, the Amrun bauxite operation recorded a 13% net increase in Ore Reserves, including a major shift from Probable to Proved status, after a routine review of life-of-mine economics and orebody understanding, though Mineral Resources exclusive of reserves declined as material was converted. At Rio Tinto Borates’ Boron operations, Mineral Resources grew by 9.3 million tonnes of saleable boric oxide as stockpile studies advanced, while total Ore Reserves were steady but reclassified, with some Proved tonnage moved to Probable under a stricter geotechnical standard.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has scheduled its 2025 full-year results presentation for 19 February 2026, to be delivered by Chief Executive Simon Trott and Chief Financial Officer Peter Cunningham via a live webcast. The company has made the accompanying presentation slides available online, underscoring its ongoing efforts to maintain transparency and regular communication with investors and analysts about its financial and operational performance.
The webcasted results briefing, accessible through Rio Tinto’s website, highlights the miner’s continued use of digital channels to engage a global shareholder base. While the announcement contains no financial figures, it signals an important milestone in the company’s annual reporting cycle, where management will update the market on business conditions, capital allocation and strategic priorities influencing future performance and stakeholder expectations.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has set the timetable for its 2026 annual general meetings, outlining governance milestones for shareholders and potential board candidates. Nominations for director positions not put forward by the board must be received by 2 March 2026, ahead of the Rio Tinto plc and Rio Tinto Limited AGMs scheduled for 6 May 2026.
By confirming these dates, the miner provides clarity to investors and governance stakeholders on the window for influencing board composition and participating in key corporate decisions. Further logistical details for the meetings are being made available on the company’s website, underlining a standardized and transparent approach to its annual governance cycle.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has released its 2025 Annual Report, making it available via the Australian Securities Exchange, the company’s website and the UK National Storage Mechanism, with hard copies provided to shareholders on request. The group also plans to file its corresponding Form 20-F with the U.S. Securities and Exchange Commission, giving American Depositary Receipt holders parallel access to the full-year disclosures.
Alongside the financial report, Rio Tinto is publishing a 2025 Sustainability Fact Book, updated Scope 1, 2 and 3 emissions calculations and climate methodology, an industry associations disclosure and a sustainability glossary. The expanded suite of documents underscores the company’s ongoing emphasis on transparent reporting of financial performance, climate impacts and industry engagement to regulators, investors and other stakeholders.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced that Isabelle Deschamps, its Chief Legal, Governance & Corporate Affairs Officer, will leave the company during 2026 after five years in the role to pursue opportunities outside the group. She will remain in position until at least mid‑2026 while the miner conducts a succession process aimed at ensuring continuity in its legal, governance and corporate affairs functions.
Chief executive Simon Trott credited Deschamps with helping to lay the foundations for a stronger Rio Tinto, reinforcing its commitment to responsible mining and supporting future growth. Deschamps said she was proud of progress in strengthening governance, business development and key partnerships as the company advances its strategy, underscoring the strategic importance of her role to stakeholders during a period of ongoing transformation.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £6900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has formally withdrawn from talks over a potential merger or business combination with Glencore, stating it could not reach an agreement that would create sufficient value for its shareholders. The decision, made under the disciplined capital allocation framework presented at its December 2025 Capital Markets Day, signals that Rio Tinto will prioritise long-term value and leading shareholder returns over scale for its own sake, and it is now subject to UK takeover rules restricting further approaches to Glencore except under specified circumstances such as a third-party bid, board agreement, or a material change in conditions.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £8146.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto plc has updated the market on its share capital and voting rights, confirming that as of 30 January 2026 it has 1,256,023,083 ordinary shares in issue, of which 1,547,592 are held in treasury and carry no dividend or voting entitlements. This leaves a total of 1,254,475,491 voting rights, a figure that shareholders and other market participants are expected to use as the denominator when assessing disclosure obligations under UK transparency rules, while the company also reiterated the existence of its special voting share and DLC structure with Rio Tinto Limited, underlining the continued operational and governance integration of its UK and Australian entities.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7799.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has disclosed share acquisitions by three senior executives under its employee share schemes, in line with market abuse regulations. Chief Financial Officer Peter Cunningham, Chief Executive of Copper Katie Jackson, and Chief Executive of Aluminium & Lithium Jérôme Pécresse each acquired ordinary shares in Rio Tinto plc on 19 January 2026 through the company’s Global Employee Share Plan, with Jackson also receiving shares under the UK Share Plan. The transactions, conducted on the London Stock Exchange at around £63.42 per share, underscore the alignment of top management’s interests with those of shareholders and provide investors with additional transparency on insider dealings as required by regulatory reporting rules.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7538.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has disclosed routine share dealings by persons discharging managerial responsibilities under its Global Employee Share Plan (myShare) and UK Share Plan, as required under its dual-listed company structure in London and Australia. On 19 January 2026, senior executives Peter Cunningham, Katie Jackson and Jérôme Pécresse acquired small numbers of Rio Tinto plc shares through the myShare plan and received equivalent matching share awards, while Jackson also acquired additional shares under the UK Share Plan with matching shares granted. The transactions, which form part of long-term, share-based employee incentive arrangements with three-year holding periods, underscore Rio Tinto’s use of equity participation to align management and employee interests with shareholders, and were concurrently notified to the London Stock Exchange in line with market abuse regulations.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7538.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto reported an 8% year-on-year increase in 2025 copper-equivalent production, underpinned by record quarterly iron ore output in the Pilbara, an 11% rise in copper volumes following completion and ramp-up of the Oyu Tolgoi underground mine, and higher bauxite and lithium production. The group met or exceeded its 2025 production guidance across product groups and confirmed its 2026 production targets, including continued growth in Pilbara and Simandou iron ore sales, robust copper guidance and expanding lithium output, while exploration and evaluation spend declined to $795 million as qualifying Rincon lithium project costs were capitalised. Management highlighted the Simandou project’s first shipment, record Argentine lithium output and operational improvements across the aluminium chain as enhancing Rio Tinto’s growth pipeline and diversification just as key commodity markets like copper and aluminium tighten, reinforcing its position in critical raw materials despite mixed conditions in iron ore, alumina and broader macro uncertainty.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £7166.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has confirmed that it is in preliminary talks with Glencore over a potential combination of some or all of their businesses, including the possibility of an all-share merger that would see Rio Tinto acquire Glencore via a UK court-sanctioned scheme of arrangement. While stressing that there is no certainty an offer will be made or what terms it might carry, the company has been given until 5 February 2026 under UK takeover rules to announce a firm intention to bid or to walk away, setting the stage for a potential mega-deal that could reshape the global mining and commodities trading landscape and have significant implications for shareholders and regulators if it proceeds.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £68.85 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has released its key financial calendar for 2026, detailing the timetable for its 2025 final dividend and 2026 interim dividend, including results announcement dates, ex-dividend dates, record dates, and payment dates for shareholders in plc, Limited and ADR formats. The schedule, which also sets deadlines for participation in dividend reinvestment plans and currency election options in GBP, AUD and NZD, provides investors with greater visibility on expected cash returns and capital planning for the year, while the company noted that annual general meeting dates will be confirmed at a later stage.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £68.85 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto plc has confirmed that, as of 31 December 2025, its issued share capital consisted of 1,256,010,314 ordinary shares, of which 1,717,902 are held in treasury and therefore excluded from dividend payments and voting at shareholder meetings, leaving a total of 1,254,292,412 voting rights. The company also reiterated the structure of its dual-listed company arrangement with Rio Tinto Limited, including a Special Voting Share and a DLC Dividend Share that underpin joint voting and economic alignment between UK and Australian shareholders, clarifying the capital and voting framework that investors should use for regulatory disclosure and transparency obligations.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £5800.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced an investor site visit to Argentina to showcase its integrated lithium business and growth prospects. This initiative underscores the company’s commitment to expanding its presence in the lithium sector, which is crucial for the growing demand in electric vehicle batteries and renewable energy storage, potentially strengthening its market position and offering new opportunities for stakeholders.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £6366.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a notification to the London Stock Exchange regarding the acquisition of shares by Jennifer Nason, a person discharging managerial responsibility, as part of compliance with the EU Market Abuse Regulation. This acquisition reflects the company’s adherence to regulatory requirements and may indicate confidence in the company’s future performance, potentially impacting stakeholder perceptions and market positioning.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a transaction involving the acquisition of American Depository Receipts (ADR) by Jennifer Nason, a Non-Executive Director of the company. The transaction, which took place on November 28, 2025, involved the purchase of 107 ADRs at a price of $71.905 each on the New York Stock Exchange. This move is part of the company’s ongoing efforts to maintain transparency and compliance with market regulations, as disclosed under article 19 of the Market Abuse Regulation.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto announced a transaction involving its Chief Financial Officer, Peter Cunningham, who acquired shares from the 2022 Bonus Deferral Award under the 2018 Equity Incentive Plan. The transaction included the acquisition of shares in lieu of dividends and the sale of shares to cover tax withholding. This announcement is part of regulatory disclosures under the Market Abuse Regulation, reflecting the company’s compliance and transparency in managerial share dealings.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced the vesting of Bonus Deferral Awards (BDA) for its key management personnel, as part of its 2018 Equity Incentive Plan. The awards, which constitute 50% of annual bonuses, are delivered in the form of deferred shares and vest three years after the performance year. This move is part of Rio Tinto’s strategy to align management interests with shareholder value, potentially impacting the company’s operational focus and stakeholder relations.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £49.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB: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 announcement marks a significant step in Rio Tinto’s strategy to strengthen its position in the lithium market, which is increasingly important due to the growing demand for electric vehicles and renewable energy storage solutions. The detailed reporting of these resources underscores Rio Tinto’s commitment to expanding its lithium production capabilities, potentially impacting its market positioning and offering new opportunities for stakeholders.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £69.50 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a strategic plan to enhance its operational efficiency and financial performance, aiming to become the most valued metals and mining company. The strategy involves streamlining operations into three core businesses—Iron Ore, Copper, and Aluminium & Lithium—while focusing on operational excellence, project execution, and capital discipline. The company expects significant production growth and productivity benefits, alongside a strategic release of $5-10 billion from existing assets. This plan is expected to strengthen Rio Tinto’s balance sheet, improve shareholder returns, and support its decarbonization efforts, positioning the company for sustainable growth.
The most recent analyst rating on (GB:RIO) stock is a Buy with a £69.50 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced its total voting rights and issued capital as of November 28, 2025, in compliance with the FCA’s Disclosure Guidance and Transparency Rule. The company has 1,256,010,228 ordinary shares, with 1,717,902 held in treasury, resulting in 1,254,292,326 voting rights. This update is crucial for shareholders and stakeholders to determine their notification obligations under FCA rules, reflecting the company’s ongoing commitment to transparency and regulatory compliance.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced a transaction involving the acquisition of ordinary shares by Ngaire Woods, a Non-Executive Director, as part of a market purchase. This move reflects internal managerial activities and is disclosed under the Market Abuse Regulation, indicating transparency and adherence to regulatory requirements.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.
Rio Tinto has announced the acquisition of shares by Ngaire Woods, a person discharging managerial responsibility, as part of its compliance with the EU Market Abuse Regulation. This transaction, reported to both the Australian Securities Exchange and the London Stock Exchange, underscores the company’s commitment to transparency and regulatory compliance, which is crucial for maintaining investor confidence and market integrity.
The most recent analyst rating on (GB:RIO) stock is a Hold with a £4900.00 price target. To see the full list of analyst forecasts on Rio Tinto stock, see the GB:RIO Stock Forecast page.