)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Rio Tinto Group (RIO) investor relations material
Rio Tinto Group CMD 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.CMD 2025 summary4 Dec, 2025
Strategic direction and portfolio focus
Streamlined to three core product groups: iron ore, aluminum (including lithium), and copper, with Borates and Iron & Titanium under strategic review, focusing on long-life, low-cost assets and a diversified model for market-leading returns.
Prioritizing operational excellence, project execution, and disciplined capital allocation to drive productivity and leading returns.
Targeting $650 million in annualized productivity benefits, with $370 million already realized and further gains expected from simplification and operational discipline.
Committed to releasing $5–$10 billion in cash from the asset base through asset reviews, sales, minority stake divestments, and infrastructure monetization.
Social license, partnerships, and sustainability are key enablers, with a 14% CO2 emissions reduction since 2018 and a pathway to 50% reduction by 2030.
Financial guidance, cost management, and capital allocation
Capex guidance is ~$11 billion for 2025 and 2026, declining to below $10 billion annually from 2028, with growth projects competing for capital based on returns.
Forecasting 7% production growth in 2025 and a 3% compound annual growth rate through 2030, underpinned by major projects like Simandou, Oyu Tolgoi, and Rincon.
EBITDA projected to rise 40–50% by 2030 at consensus pricing, supported by 20% copper equivalent production growth and cost reductions.
Maintains a 40–60% payout of underlying earnings, with a nine-year track record at 60%, and a conservative net debt position.
Achieved $650 million in annualized cost savings within three months, with more targeted through simplification, productivity, and portfolio optimization.
Commodity market outlook and growth projects
Iron ore: Market remains structurally tight due to supply disruptions and underinvestment; Simandou and Rhodes Ridge to boost high-grade supply, with record production in Pilbara.
Aluminum: Demand to grow 2% annually, with supply constraints outside China and rising costs supporting margins for low-carbon producers; 2026 guidance of 58–61 Mt bauxite, 7.6–8.0 Mt alumina, and 3.25–3.45 Mt aluminum.
Lithium: Targeting >2.5x capacity increase by 2028, with 2026 guidance of 61–64 kt LCE, capital intensity of $65/kg, and 37% EBITDA margin at consensus pricing.
Copper: Upgraded 2025 production guidance to 860–875 kt, targeting 1 Mtpa by 2030, leveraging Oyu Tolgoi ramp-up, Kennecott life extension, and Nuton technology.
Sustainability: On track for a 50% emissions reduction by 2030, with decarbonization capital revised to $1–$2 billion by leveraging third-party renewables.
Timeline for $5-10B asset base release
Explain decarbonisation capital reduction
Lithium expansion capital commitment criteria
Pilbara replacement project IRR range?
Lithium uncommitted capacity strategy
Drivers of the -4% unit cost CAGR
How will $5-10B cash release be executed
New EPC model: quantify future capital intensity impact
How to capitalize on long-term iron ore supply gap
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Rio Tinto Group earnings date
H2 202518 Feb, 2026
Next Rio Tinto Group earnings date
H2 202518 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
A Global Mining Titan
Established in 1873, the Rio Tinto Group has evolved from a single copper mine in Spain to a global powerhouse in the mining sector. As one of the world's leading natural resources companies, its operations encompass the extraction and processing of diverse minerals including aluminium, copper, diamonds, gold, iron ore, and uranium. Spanning six continents and 35 countries, Rio Tinto is an influential player in the global mining landscape, contributing to economies, societies, and the supply chains of various industries. The company has its headquarters in London, but a large part of its operations takes place in Australia.
Red River
The history of the Rio Tinto Group is a narrative of evolution and expansion. It started in 1873 when a consortium of investors acquired the rich copper mines on the banks of the Rio Tinto River in Andalusia, Spain. Over the course of the 20th century, the company extended its reach globally, investing in a diverse array of mineral interests. A significant restructuring in the 1990s led to the formation of a dual-listed company structure, creating UK-based Rio Tinto plc and Australia-based Rio Tinto Limited.
Operations
Rio Tinto's business strategy revolves around owning and operating large, long-life, low-cost, expandable mines, known for their use of technology. Its operations include not just mining but also refining, particularly in the aluminium sector. The company manages an expansive network of mines, processing facilities, and transportation infrastructure. Improving its operations is a key priority for the company, and Rio Tinto continuously seeks new technologies and methodologies to improve its operations.
Some key competitors operating in the same industry are names like Glencore, Anglo American, and BHP.
A Land Down Under
Australia represents the cornerstone of Rio Tinto's operations, particularly the iron ore-rich region of Pilbara in Western Australia. As the hub of the company's iron ore business, Pilbara boasts the world's largest integrated portfolio of iron ore assets. Additionally, Rio Tinto’s aluminium business, one of the world's largest, is also primarily operated out of Australia. The nation's wealth of natural resources, coupled with a stable political environment and proximity to key Asian markets, especially China, has been instrumental in Rio Tinto's growth and profitability.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage