Production growth of 3% from focused investment in the health of our business;
underlying EBITDA of $23.9 billion and full year ordinary dividend of 435 US cents per
share
• Underlying EBITDA of $23.9 billion. Net cash generated from operating activities of $15.2 billion.
• Profit after tax attributable to owners of Rio Tinto (referred to as "net earnings" throughout this
release) of $10.1 billion, after $0.7 billion of net impairment charges, mainly relating to our
Australian alumina refineries.
• Underlying earnings of $11.8 billion, leading to a full year ordinary dividend of $7.1 billion, a 60%
payout.
Rio Tinto Chief Executive Jakob Stausholm said: "The tragic loss of our four Diavik colleagues and
two airline crew members in a plane crash last month is a devastating reminder of why safety is and
must always be our top priority. We continue to work closely with the authorities to support their efforts
to understand the full facts of what happened. This tragedy strengthens our resolve to never be
complacent about safety, so that we continue to learn and improve.
"We are making clear progress as we shape Rio Tinto into a stronger and even more reliable
company. By focusing on our four objectives, we are building a portfolio that is fit for the future -
including our Oyu Tolgoi underground copper mine in Mongolia and the Simandou iron ore project in
Guinea. We have taken significant steps over the past month towards our target to halve our global
Scope 1 & 2 carbon emissions this decade with agreements to contract future renewable wind and
solar power for our Gladstone operations.
"In 2023, we lifted our overall copper equivalent production by over 3% and delivered resilient
financial results, with underlying EBITDA of $23.9 billion, free cash flow of $7.7 billion and underlying
earnings of $11.8 billion, after taxes and government royalties of $8.8 billion. Our balance sheet
strength enables us to continue to invest with discipline while also paying an ordinary dividend of
$7.1 billion, a 60% payout.
"We will continue paying attractive dividends and investing in the long-term strength of our business
as we grow in the materials needed for a decarbonising world."
And later;
The 2023 final ordinary dividend to be paid to our Rio Tinto Limited shareholders will be fully franked.
The Board expects Rio Tinto Limited to be in a position to pay fully franked dividends for the
foreseeable future.
On 18 April 2024, we will pay the 2023 final ordinary dividend to holders of ordinary shares and
holders of ADRs on the register at the close of business on 8 March 2024 (record date). The exdividend date is 7 March 2024.
Rio Tinto plc shareholders may choose to receive their dividend in Australian dollars or New Zealand
dollars, and Rio Tinto Limited shareholders may choose to receive theirs in pounds sterling or New
Zealand dollars. Currency conversions will be based on the pound sterling
Item downloadable via here; https://www.riotinto.com/en/invest/fina ... ce/results
RNS no doubt issued at 0700hrs UK time too.
Also posted on Company News here; viewtopic.php?p=648210#p648210
I hold RIO in my HYP and know others here do too, so this may be of interest here.
Ian.