Vale

VALE3 · B3 · BRL

R$72.10+2.44%+R$1.72

Close · October 2, 2026

At a glance

Revenue growth: +3.68%; 2025 vs 2024
Net income growth: −56.27%; 2025 vs 2024
Net margin: 6.5%; 2024: 15.3%

Financial data

Amounts in millions of BRL; per-share values in BRL; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	476,094	496,325	455,984	453,387	499,128	478,130	—	—	328,097	—
Current assets	100,645	83,476	90,529	81,009	124,800	—	—	59,256	62,701	73,547
Cash and equivalents	40,563	30,671	17,474	24,711	65,409	—	29,627	—	—	—
Short-term investments	194	53.0	51.0	61.0	1,028	4,006	—	125	61.0	—
Receivables	20,919	21,411	24,672	29,176	26,649	—	—	—	—	—
Inventory	32,666	28,513	22,679	23,386	24,429	—	17,228	—	12,987	—
Net property, plant and equipment	240,040	247,594	234,302	234,472	233,995	213,836	187,733	—	—	—
Goodwill	7,136	18,811	15,799	16,643	17,905	—	14,628	14,155	—	10,041
Other intangible assets	42,125	46,294	40,510	36,778	32,382	—	—	16,695	14,501	12,354
Long-term investments	27,674	28,158	9,061	9,417	9,804	14,749	—	16,662	—	12,323
Current liabilities	87,320	81,055	70,948	72,478	84,814	—	55,806	35,285	—	—
Accounts payable	30,621	26,217	25,523	23,278	19,393	17,496	—	—	—	11,830
Long-term debt	109,335	99,009	70,301	70,955	81,301	90,491	68,896	65,776	—	95,091
Total debt	3,678	907	77,330	73,507	6,720	107,274	78,924	9,917	5,960	6,454
Total liabilities	287,168	282,605	257,659	258,493	302,070	—	212,522	—	179,991	188,994
Total equity (incl. minority)	100,806	84,248	106,181	194,894	119,758	67,088	84,180	96,383	77,300	121,874
Retained earnings	96,179	114,889	106,181	108,213	87,621	—	28,577	42,502	—	—
Minority interest	4,627	6,948	7,360	7,782	4,655	-4,799	—	3,280	—	6,461