ASX 200 reporting season: Rio Tinto
Explore the latest financial performance of leading Australian companies including Rio Tinto, Fortescue, and Telstra, highlighting dividend changes, market challenges, and strategic outlooks in 2025.
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This video was created on 20 February for IG audiences by ausbiz.
Key financial results
First half (H1) 2025 results:
Rio Tinto (ASX: RIO)
Rio Tinto reported its smallest full-year underlying profit in five years at US$10.9 billion. Despite lower iron ore prices and rising production costs, the company highlighted a robust result and introduced strict cost management across its iron ore division.
Unit costs are projected to increase by up to 6%, ranging between US$23 and US$24.50 per ton. However, its iron ore shipment forecast remains steady, with up to 338 million tonnes expected in 2025. The company declared a final interim dividend of US$2.25 per share, bringing the total annual dividend to US$4.02 per share.
Fortescue Metals Group (ASX:FMG)
Fortescue reported a significant 53% drop in its first-half profit, with post-tax earnings of US$1.6 billion, down from US$3.3 billion the previous year. Amid uncertain market conditions under the Trump administration and upcoming global elections, including those in Australia, Fortescue has announced a reduced interim dividend of A$0.50 cents per share, a sharp decrease from last year’s A$1.08.
Pilbara Minerals (ASX:PLS)
Formerly known as Pilbara Minerals, PLS recorded a first-half loss of A$69 million, with revenues falling 44% to A$426 million. Despite the downturn, the company remains optimistic about the lithium market’s future, citing increased production and sales. PLS has decided to withhold an interim dividend to preserve its balance sheet.
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