Industry News

Rio Tinto half-year profit drops 22% as iron-ore prices weigh

Views : 159
Update time : 2025-07-31 16:07:12
The world’s second-largest miner said underlying earnings dropped 16% to $4.8-billion for the six months ended June 30, with underlying earnings before interest, tax, depreciation and amortisation (Ebitda) falling 5% to $11.5-billion. Operating cash flow held steady at $6.9-billion, while free cash flow slumped 31% to $2-billion, reflecting higher capital expenditure.

“We are delivering very resilient financial results with an improving operational performance helped by our increasingly diversified portfolio,” said outgoing CEO Jakob Stausholm.

“Underlying Ebitda of $11.5-billion and operating cash flow of $6.9-billion, despite a 13% lower iron-ore price, demonstrate the growing contribution from our aluminium and copper businesses and our Pilbara operations' strong recovery from the four cyclones in the first quarter.”

Related News
Read More >>
South Africa’s coal exports rise on improved rail performance South Africa’s coal exports rise on improved rail performance
Jan .30.2026
South Africa’s coal exports rise on improved rail performance
Ukrainian industry to drive postwar recovery Ukrainian industry to drive postwar recovery
Jan .30.2026
Ukrainian industry to drive postwar recovery
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Jan .30.2026
Hindalco invests Rs 21,000 crore to expand aluminum production in Odisha
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar
Jan .30.2026
Taiwan’s Yusco largely raises stainless steel prices for Feb as raw material costs soar