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Rio Tinto shares jump 5% on strong H1 profit, copper growth, and higher dividend

Company Fundamentals
29 Jul 2026
Proactive Investors - Finance
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Bullish
Rio Tinto shares jump 5% on strong H1 profit, copper growth, and higher dividend

Rio Tinto's shares rose 5% after reporting a 47% increase in underlying profit to $6.7 billion for the first half of 2026, driven by an 84% surge in copper earnings which now make up 36% of group profits. The company declared an interim dividend of $2.11 per share, beating market expectations, supported by robust free cash flow of $3.8 billion, well above forecasts. Iron ore remains the largest earnings contributor despite a slight decline. This strong performance highlights Rio Tinto's successful shift towards copper and positions it well for future growth amid rising demand for the metal.

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