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.

Income statement · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total revenue	213,595	206,005	208,066	226,508	293,524	206,098	144,635	134,483	108,532	—
Cost of revenue	138,887	131,318	120,016	124,195	117,267	—	—	81,201	—	—
Gross profit	74,708	74,687	88,050	102,313	176,257	115,150	—	53,282	41,275	33,490
Selling, general and administrative	3,566	3,397	2,758	5,124	2,601	7,046	6,431	2,901	—	3,325
Research and development	693	790	723	3,411	2,964	—	—	1,376	—	1,098
Operating income	60,575	58,049	77,371	85,647	151,303	102,731	58,159	—	—	27,276
EBIT	60,575	58,049	77,371	85,647	151,303	—	58,159	46,546	35,949	27,276
EBITDA	76,864	73,268	92,671	102,033	167,682	—	71,973	58,786	—	39,383
Interest expense	15,349	14,753	14,885	4,296	7,875	—	9,735	6,181	7,483	—
Pre-tax income	26,693	34,224	55,554	101,704	159,147	38,405	-575	—	24,885	27,022
Income tax	14,882	3,793	15,000	15,185	25,320	4,627	-2,509	-966	—	—
Net income	13,814	31,592	39,940	95,924	121,228	26,713	-6,672	—	17,627	—
Net income to common shareholders	13,814	31,592	39,940	86,106	133,712	35,588	3,959	25,967	20,235	17,470
Basic EPS	3.24	7.39	9.15	20.68	26.68	—	—	5.01	—	3.36
Diluted EPS	3.23	7.38	9.15	20.68	24.18	—	—	5.01	3.89	—
Average shares (basic)	4,269	4,275	4,366	4,638	5,012	5,130	—	—	—	5,197
Average shares (diluted)	4,275	4,280	4,370	4,642	5,017	—	5,128	5,178	5,197	—
Dividend per share	5.48	4.76	6.99	5.69	14.09	—	1.41	—	0.91	1.07