Rio Tinto $RIO (-0,51 %) today reports robust financial results with adjusted EBITDA of USD 23.3 billion despite an 11% lower iron ore price. In addition, higher net cash flow from operating activities of USD 15.6 billion, driven by portfolio mix and effective working capital management.
An ordinary dividend for the full year of USD 6.5 billion, corresponding to a payout of 60%, has also been announced.
- Net cash (million$) 15,599 (15,160) +3 %
- Sales revenue (million$) 53,658 (54,041) -1%
- EBITDA (m$) 23,314 (23,892) -2%
- Net earnings (Mio$) 11,552 (10,058) +15%
- EPS (US cents) 669.5 (725.0) -8%
- Dividend p. S. (US cents) 402.0 (435.0) -8%
- ROCE 18% (20%) -2%
- Net debt (Mio$) 5,491 (4,231) +30%
Rio Tinto Chief Executive Jakob Stausholm said: "We continue to build on our momentum with another set of strong operational and financial results. With adjusted EBITDA of $23.3 billion and operating cash flow of $15.6 billion, we are increasing our investment to underpin our plans for a decade of profitable growth. We report an adjusted profit of USD 10.9 billion, after taxes and government levies of USD 8.2 billion and a healthy return on capital of 18 %. Our strong balance sheet enables us to pay a decent dividend of USD 6.5 billion, maintaining our 60% payout policy and remaining at the top end of our payout range for the ninth consecutive year as we continue to invest with discipline."
"We look forward to 2025 with all the building blocks in place for an incredibly successful, diversified and growing company, including the expected closing of the Arcadium acquisition in March. We will remain disciplined in the short, medium and long term while generating attractive returns for our shareholders."
https://www.riotinto.com/en/invest/financial-news-performance/results