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Our operating assets (Tables)
12 Months Ended
Dec. 31, 2025
Disclosure Of Operating Assets [Abstract]  
Summary of consolidated sales revenue by destination and non-current assets other than excluded items Consolidated sales revenue by destination(a)
2025
%
2024
%
2023
%
2025
US$m
2024
US$m
2023
US$m
Greater China
57.3
57.4
59.6
33,038
30,814
32,193
US
16.7
16.8
13.9
9,657
9,007
7,516
Japan
5.7
6.5
6.9
3,266
3,470
3,727
Europe (excluding UK)
5.8
4.8
5.3
3,364
2,580
2,859
South Korea
3.4
3.6
4.3
1,958
1,940
2,300
Asia (excluding Greater China, Japan and South Korea)
3.5
3.3
2.9
2,007
1,778
1,581
Canada
3.0
2.9
2.9
1,722
1,562
1,588
Australia
1.6
2.0
1.7
909
1,076
923
UK
0.2
0.3
0.1
92
143
81
Other countries
2.8
2.4
2.4
1,625
1,288
1,273
Consolidated sales revenue
100
100
100
57,638
53,658
54,041
(a)Consolidated sales revenue by geographical destination is based on the ultimate country of the product’s destination, if known. Where the ultimate destination is not known, we have
defaulted to the shipping address of the customer. Rio Tinto is domiciled in both the UK and Australia.
The total of non-current assets other than excluded items is shown by location below(a).
2025
US$m
2024
US$m
Australia
33,560
29,177
Canada
18,890
14,444
Mongolia
15,485
15,244
US
7,557
7,111
Africa
8,996
5,597
South America
10,024
3,704
Europe (excluding UK)
291
216
UK
142
109
Other countries(b)
3,953
1,739
Total non-current assets other than excluded items
98,898
77,341
Non-current assets excluded from analysis above:
Deferred tax assets
4,288
4,016
Other financial assets
1,699
1,090
Quasi-equity loans to equity accounted units(a)
5
5
Receivables and other assets
1,643
1,214
Total non-current assets per balance sheet
106,533
83,666
(a)Allocation of non-current assets by country is based on the location of the business units holding the assets. It includes investments in equity accounted units totalling US$5,876 million
(2024: US$4,832 million) which represents the Group’s share of net assets excluding quasi-equity loans shown separately above.
(b)This includes US$2,146 million of goodwill relating to the acquisition of Arcadium Lithium plc which is not geographically allocated. Refer to note 5 for further details.