Rio Tinto (LSE:RIO) (ASX:RIO):
- Resilient financials with underlying EBITDA of $23.3 billion, despite 11% lower iron ore price*.
- Higher net cash generated from operating activities of $15.6 billion, driven by portfolio mix and effective working capital management.
- Profit after tax attributable to owners of Rio Tinto (referred to as “net earnings” throughout this release) of $11.6 billion.
- Full year ordinary dividend of $6.5 billion, a 60% payout: nine-year track record at top end of payout range
* On a Free on Board (FOB) basis.
Year ended 31 December | 2024 | 2023 | Change | ||
Net cash generated from operating activities (US$ millions) | 15,599 | 15,160 | 3% | ||
Purchases of property, plant and equipment and intangible assets (US$ millions) | 9,621 | 7,086 | 36% | ||
Free cash flow¹ (US$ millions) | 5,553 | 7,657 | (27)% | ||
Consolidated sales revenue (US$ millions) | 53,658 | 54,041 | (1)% | ||
Underlying EBITDA¹ (US$ millions) | 23,314 | 23,892 | (2)% | ||
Profit after tax attributable to owners of Rio Tinto (net earnings) (US$ millions) | 11,552 | 10,058 | 15% | ||
Underlying earnings per share (EPS)¹ (US cents) | 669.5 | 725.0 | (8)% | ||
Ordinary dividend per share (US cents) | 402.0 | 435.0 | (8)% | ||
Underlying return on capital employed (ROCE)¹ | 18% | 20% | |||
At 31 Dec 2024 | At 31 Dec 2023 | ||||
Net debt¹ (US$ millions) | 5,491 | 4,231 | 30% | ||
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/Public Release. View in full here.
