(CercleFinance.com) – Rio Tinto publishes consolidated revenue of $54 billion for 2023, down 3% compared to 2022.
Underlying EBITDA stood at $23.9 billion (-9%) while FCF fell 15% to $7.65 billion.
The mining group recorded a net profit group share of $10 billion (-19%), revealing an underlying EPS of $7.25, compared to $8.24 a year earlier, a decline of 12 %.
Rio Tinto nevertheless believes that the strength of its balance sheet allows it to continue to invest while paying an ordinary dividend of $7.1 billion, or a payout ratio of 60%.
Meanwhile, Jakob Stausholm, chief executive of Rio Tinto, said ‘significant steps’ had been taken to halve global scope 1 and 2 carbon emissions this decade.
The executive particularly mentions agreements to contract future renewable wind and solar energy for its Gladstone operations.
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