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% |
||
1 |
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