• New operating model and executive team to simplify the business and unlock additional shareholder value
• Copper equivalent production increased 9% in Q3 YoY, driven by strong performance across all assets
• Pilbara iron ore shipments achieved second highest Q3 since 2019, up 6% from Q2

Rio Tinto released its third quarter 2025 production results, highlighting strong performance across its portfolio. The company's copper equivalent production increased 9% year-over-year, driven by solid results across all assets. Copper production is on track to achieve the higher end of full year guidance, with the ramp-up at Oyu Tolgoi continuing. In the Pilbara, iron ore shipments achieved the second highest Q3 since 2019, up 6% from the previous quarter. Rio Tinto also announced a new operating model and executive team to simplify the business and unlock additional shareholder value. The new structure comprises three world-class businesses: Iron Ore; Aluminium & Lithium; and Copper. Borates and Iron & Titanium have been placed under strategic review. Production guidance was revised higher for bauxite, while all other guidance remained unchanged. The company remains focused on delivering a strong finish to the year and is well positioned to deliver compelling mid-term production growth.

Rio Tinto is on track to meet production guidance for 2025, with an upwards revision to bauxite this quarter. Pilbara iron ore shipments are expected to be at the lower end of guidance, while Iron Ore Company of Canada production is now expected at the lower end of guidance.