London, February 20, 2026, 08:48 GMT — Regular session

Rio Tinto’s London shares (RIO.L) added 36 pence to hit 7,154 pence by 08:48 GMT, up roughly 0.5% from Tuesday’s 7,118 pence close. The stock moved between 7,086 and 7,162 pence, hovering close to its 52-week highs. (Google)

Rio’s annual results landed Thursday. The miner’s underlying earnings — which exclude certain one-off items — came in flat, coming up short of forecasts after softer iron ore prices pressured its largest segment. Underlying earnings clocked in at $10.87 billion for 2025, missing the $11.03 billion consensus from Visible Alpha. Pilbara unit cost guidance landed at $23.50 to $25 a tonne for 2026. “A good result, perhaps not as…