Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 301

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 301
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 capital expenditure and Rio Tinto’s share of the capital expenditure of joint operations. (b) Consolidated sales revenue includes subsidiary sales of US$ 213million ( 2023 : US$ 20million ; 2022 : US$ 50million ) to equity accounted units which are not included in segmental revenue. Segmental revenue includes the Group’s proportionate share of product sales by equity accounted units (after adjusting for sales to subsidiaries) of US$ 4,261million ( 2023 : US$ 3,036million ; 2022 : US$ 2,900million ) which are not included in consolidated sales revenue. (c) Pre-tax and pre-divestment expenditure on exploration and evaluation charged to the profit and loss account in 2024 was US$ 935million (note 8), compared with US$ 855million in 2023 (excluding Simandou). Approximately 25% of the spend was by central exploration, 23% by Minerals (with the majority focusing on lithium), 36% by Copper, 14% by Iron Ore and 2% by Aluminium. In 2024, all qualifying expenditure relating to Simandou is being capitalised. Qualifying expenditure on the Rincon lithium project has been capitalised since 1 July 2024.

| Annual Report on Form 20-F 2024 | 168 | riotinto.com |

Financial statements | Notes to the consolidated financial statements

1 Financial performance by segment continued Segmental revenue Segmental revenue includes consolidated sales revenue plus the equivalent sales revenue of equity accounted units (EAUs) in proportion to our equity interest (after adjusting for sales to/from subsidiaries). Segmental revenue measures revenue on a basis that is comparable to our underlying EBITDA metric. Other segmental reporting For further information relating to Revenue by destination and product and Non-operating assets by geography, refer to note 6 on page 178 and Our operating assets section on page 182 , respectively. Underlying EBITDA

Underlying EBITDA represents profit before taxation, net finance items, depreciation and amortisation adjusted to exclude the EBITDA impact of

items which do not reflect the underlying performance of our reportable segments.

| Other relevant judgements - Exclusions from underlying EBITDAItems excluded from profit after tax are those gains and losses that, individually or in aggregate with similar items, are of a nature and size torequire exclusion in order to provide additional insight into the underlying business performance. The following items are