Rio Tinto reports consolidated sales of $54 billion for 2023, down 3% on 2022.
Underlying EBITDA came in at $23.9 billion (-9%), while FCF was down 15% at $7.65 billion.

The mining group posted net earnings, group share of $10 billion (-19%), giving underlying EPS of $7.25, compared with $8.24 a year earlier, a decline of 12%.

Rio Tinto nonetheless believes that its solid balance sheet enables it to continue investing, while paying a regular dividend of $7.1 billion, a payout ratio of 60%.

Rio Tinto CEO Jakob Stausholm also announced that "significant steps" had been taken to halve global Scope 1 and 2 carbon emissions over the decade.

In particular, the executive points to agreements to contract future renewable wind and solar power for its Gladstone operations.


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