Rio Tinto's 2025 Profit Falls 14% as Copper Growth Offsets Iron Ore Weakness

Published: Feb 25, 2026 17:50

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Rio Tinto has released its full-year 2025 results. Despite pressure from weaker iron ore prices, the company's underlying earnings remained stable at $10.87 billion, flat compared to 2024, benefiting from strong copper growth and strict cost control. Net profit fell 14% year-on-year to $9.97 billion.

Copper production increased by 11%, primarily driven by a 61% surge in output from the Oyu Tolgoi underground mine in Mongolia. The aluminium business also performed strongly, achieving a record 62.4 million tonnes of bauxite production. The Simandou iron ore project achieved its first shipment in December, while replacement mine projects in the Pilbara region progressed steadily.

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