Rio Tinto Group (ASX:RIO) reported Thursday 2024 earnings of $7.0720 per diluted share, up from $6.165 per diluted share a year earlier.

Analysts polled by Visible Alpha expected $6.716.

Underlying EPS was $6.695, down from $7.25 a year earlier. Analysts polled by Visible Alpha expected $6.746.

Consolidated sales revenue for the 12 months ended Dec. 31, 2024, was $53.66 billion, compared with $54.04 billion a year earlier. Analysts surveyed by Visible Alpha expected $53.09 billion.

RIO expects 2025 ongoing exploration and evaluation expenses of $1 billion and will spend about $1 billion yearly on closure activities in the coming years.

Iron ore shipments at Pilbara for 2025 are expected to range from 323 million to 338 million tonnes.

The board declared an interim dividend of $2.25 per share, down from AU$2.58 a year earlier, payable April 17 to shareholders on record as of March 7.