Vale
R$72.10Change from previous close: +2.44%Absolute change: +R$1.72
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 12,349 | 9,777 | 14,745 | 13,728 | 10,566 | 9,726 | 17,106 | 9,146 | 6,125 | 17,822 | 23,609 | 14,086 |
| Depreciation and amortization | 4,546 | 4,380 | 4,592 | 4,077 | 4,354 | 4,040 | 4,630 | 4,079 | 4,076 | 3,453 | 4,176 | 3,764 |
| Capital expenditure | -6,288 | -6,244 | -11,831 | -7,485 | -6,714 | -7,360 | -13,486 | -7,750 | -6,956 | -6,906 | -10,109 | -7,491 |
| Investing cash flow | -9,215 | -6,687 | -12,267 | -6,786 | -11,374 | -8,036 | -22,276 | -7,385 | 6,398 | -7,518 | -10,995 | -8,272 |
| Financing cash flow | -565 | -15,885 | 5,196 | -5,264 | 8,979 | -7,672 | 8,318 | -12,766 | 2,241 | -9,261 | -11,009 | -10,498 |
| Dividends paid | — | -14,465 | -515 | -8,091 | 0.0 | -11,365 | -1.0 | -8,940 | 0.0 | -11,722 | -10,033 | -8,277 |
| Share repurchases | -705 | -386 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | -112 | -585 | -1,357 | -219 | -2,660 |
| Debt issued | 812 | 5,016 | 6,219 | 5,587 | 9,325 | 9,349 | 11,204 | 5,331 | 5,840 | 4,326 | — | 727 |
| Debt repaid | -672 | -6,050 | -508 | -2,760 | -346 | -5,656 | -2,885 | -9,045 | -3,014 | -508 | -590 | -288 |
| Effect of exchange rates | -238 | -1,228 | 840 | 278 | -1,379 | -1,388 | 2,902 | -392 | 2,319 | 418 | -594 | 535 |
| Net change in cash | 2,331 | -14,023 | 9,172 | 1,298 | 7,383 | -7,961 | 5,632 | -10,979 | 17,083 | 1,461 | -2,390 | -4,149 |
| Free cash flow | 6,061 | 3,533 | 2,914 | 6,243 | 3,852 | 2,366 | 3,620 | 1,396 | -831 | 10,916 | 13,500 | 6,595 |
| Levered free cash flow | 6,435 | -12,328 | 9,169 | 9,819 | 3,716 | -7,482 | -12,161 | 7,917 | 27,486 | 13,220 | -6,770 | 5,314 |