0758 GMT - Rio Tinto's 9% increase in annual underlying Ebitda and 60% payout ratio should be well received by the market, Citi analyst Ephrem Ravi says in a note. "Slightly higher net debt is an offsetting factor," he says. Although Citi does expect net debt to decline in 2026, Ravi adds. Overall, he reckons Rio has "delivered a strong set of results for 2025," given softness in iron-ore markets. Citi has a neutral rating and a GBP70.00 target on Rio Tinto's London-listed stock. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
February 19, 2026 02:58 ET (07:58 GMT)
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