Vale S.A. reported earnings results for the fourth quarter and full year ended December 31, 2025. For the fourth quarter, the company reported sales was USD 11,060 million compared to USD 10,124 million a year ago. Net loss was USD 3,844 million compared to USD 694 million a year ago. Basic loss per share from continuing operations was USD 0.9 compared to USD 0.16 a year ago.
For the full year, sales was BRL 213,595 million compared to BRL 206,005 million a year ago. Net income was BRL 13,814 million compared to BRL 31,592 million a year ago. Basic earnings per share from continuing operations was BRL 3.24 compared to BRL 7.39 a year ago. Diluted earnings per share from continuing operations was BRL 3.23 compared to BRL 7.38 a year ago.
Vale S.A. is one of the world's leading metallurgical and mining groups. Net sales break down by family of products as follows:
- ferrous minerals and metals (82.6%): iron ore (78.9% of net sales; 260.3 Mt sold in 2024), iron ore pellets (18.8%; 38.3 Mt) and other (2.3%);
- non-ferrous minerals and metals (17.4%): nickel, precious metals and cobalt (55.4% of revenues; 155 Kt of nickel sold), copper (42.4%; 250 Kt) and other (2.1%).
Net sales are distributed geographically as follows: Brazil (9.4%), the United States (2.8%), the Americas (2.5%), China (50.9%), Japan (8%), Asia (7.6%), Germany (3.9%), Europe (7.9%) and other (7%).
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