Vale (ADR) (VALE)
Mines iron ore, nickel, and copper through integrated extraction and logistics systems.
$13.88
vs last close−0.31 (−2.18%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 10,623 | 13,016 | 8,459 | 9,920 | 9,553 | 9,605 | 8,119 | 8,804 | 10,406 | 11,061 | 9,261 | 10,491 |
| Cost of revenue | 6,309 | 6,909 | 5,367 | 6,349 | 6,281 | 5,944 | 5,451 | 6,085 | 6,615 | 6,982 | 6,204 | 7,271 |
| Gross profit | 4,314 | 6,107 | 3,092 | 3,571 | 3,272 | 3,660 | 2,668 | 2,719 | 3,792 | 4,079 | 3,057 | 3,220 |
| 1,039 | 940 | 644 | −304 | −403 | 2,670 | 869 | 715 | 374 | 1,167 | 386 | 547 | |
| Research & development | 188 | 230 | 156 | 189 | 192 | 253 | 123 | 159 | 150 | 395 | 130 | 185 |
| 138 | 136 | 130 | 128 | 452 | 183 | 121 | 124 | 142 | 183 | 142 | 160 | |
| Selling & marketing | 26 | −39 | 0 | 21 | −33 | 21 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & administrative | 112 | 175 | 130 | 107 | 485 | 162 | 121 | 124 | 0 | 0 | 0 | 0 |
| Other expenses | 713 | 573 | 358 | −621 | −1,047 | 2,234 | 625 | 432 | 82 | 589 | 114 | 202 |
| Operating income | 3,275 | 5,167 | 2,448 | 3,875 | 3,675 | 991 | 1,799 | 2,004 | 3,418 | 2,912 | 2,671 | 2,672 |
| −291 | −2,023 | −313 | −1,140 | −948 | −1,892 | 244 | 99 | −806 | −5,060 | −221 | −912 | |
| Interest income | 75 | 64 | 81 | 75 | 87 | 152 | 98 | 95 | 120 | 119 | 110 | 101 |
| Interest expense | 325 | 346 | 325 | 341 | 352 | 508 | 330 | 379 | 374 | 443 | 406 | 357 |
| Other non-operating income | −6 | 538 | 59 | 615 | 676 | −1,761 | −529 | −521 | 433 | 4,617 | −185 | 0 |
| Income before tax | 2,984 | 3,151 | 2,135 | 2,735 | 2,727 | −901 | 2,043 | 2,103 | 2,611 | −2,148 | 2,450 | 1,760 |
| Income tax expense | 127 | 709 | 448 | −34 | 336 | −29 | 647 | −32 | −81 | 2,156 | 510 | 367 |
| Net income from continuing operations | 2,857 | 2,442 | 1,687 | 2,769 | 2,391 | −872 | 1,396 | 2,135 | 2,693 | −4,304 | 1,940 | 1,393 |
| Discontinued operations | 0 | 0 | 0 | 0 | 0 | −3 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other adjustments | 0 | 0 | 0 | 0 | 0 | −59 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 2,836 | 2,418 | 1,679 | 2,769 | 2,412 | −756 | 1,394 | 2,117 | 2,683 | −3,901 | 1,894 | 1,355 |
| EPS, basic | $0.66 | $0.56 | $0.39 | $0.65 | $0.57 | −$0.18 | $0.33 | $0.50 | $0.63 | −$0.91 | $0.44 | $0.32 |
| EPS, diluted | $0.66 | $0.56 | $0.39 | $0.65 | $0.56 | −$0.18 | $0.33 | $0.50 | $0.63 | −$0.91 | $0.44 | $0.32 |
| Weighted average shares, basic | 4,315 | 4,300 | 4,280 | 4,275 | 4,269 | 4,231 | 4,269 | 4,269 | 4,269 | 4,269 | 4,269 | 4,259 |
| Weighted average shares, diluted | 4,318 | 4,321 | 4,280 | 4,280 | 4,275 | 4,269 | 4,274 | 4,274 | 4,275 | 4,269 | 4,275 | 4,266 |
| EBITDA | 4,061 | 5,447 | 3,103 | 3,269 | 3,747 | 3,446 | 3,032 | 3,305 | 3,678 | −753 | 3,668 | 3,458 |
| Depreciation & amortization | 762 | 818 | 714 | 9 | 748 | 694 | 704 | 780 | 693 | 953 | 812 | 786 |
| EBIT | 3,281 | 4,629 | 2,389 | 3,260 | 2,999 | 2,752 | 2,328 | 2,525 | 2,985 | −1,705 | 2,857 | 2,672 |