Company: RTNTF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001628280-25-006642
Chunk: 299

Company: RIO TINTO LTD
Filing Date: 2025-02-20
Form: 20-F
Chunk 299
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797 |      86 |
| Employee share awards charged to the income statement                                   |                                   – |                          – |                            56 |        63 |                          119 |               — |     119 |
| Transfers and other movements                                                           |                                   – |                          – |                             — |         — |                            — |             -30 |     -30 |
| Closing balance                                                                         |                               3,537 |                      4,322 |                         7,755 |    35,020 |                       50,634 |           2,107 |  52,741 |

(a) Refer to the consolidated statement of comprehensive income for further details. Adjustments to other reserves include currency translation attributable to owners of Rio Tinto, other than that arising on Rio Tinto Limited’s share capital. (b) Net of contributions received from employees for share awards. The notes on pages 154 to 161 and pages 167 to 229 are an integral part of these consolidated financial statements.

| Annual Report on Form 20-F 2024 | 167 | riotinto.com |

Financial statements Notes to the consolidated financial statements

Our financial performance We use a number of measures, including segmental revenue, underlying EBITDA, and capital expenditure to provide us with a greater understanding of our operations’ underlying business performance, including revenue generation, productivity and cost management, on a comparable basis between reporting years. 1 Financial performance by segment Our management structure is based on product groups (PG) together with global support functions whose leaders make up the Executive

Committee. The Executive Committee members each report directly to our Chief Executive who is the chief operating decision maker (CODM)

and is responsible for allocating resources and assessing performance of the operating segments. The CODM’s primary measure of profit is

underlying EBITDA (as defined on page 168 ).

Our reportable segments are as follows.

| Reportable segment | Principal activities                                                                                                                                                                                                                                           |
| Iron Ore           | Iron ore mining and salt and gypsum production in Western Australia.                                                                                                                                                                                           |
| Aluminium          | Bauxite mining; alumina refining; aluminium smelting and recycling.                                                                                                                                                                                            |
| Copper             | Mining and refining of copper, gold, silver, molybdenum, other by-products and exploration activities.                                                                                                                                                         |
| Minerals           | Includes mining and processing of borates, titanium dioxide feedstock and iron concentrate and pellets from the Iron OreCompany of Canada. Also includes diamond mining, sorting and marketing and development projects for battery materials,