Vale's Third-Quarter Profit Falls More Than Half to $1.25 Billion

Vale reported a third-quarter net profit of $1.255 billion, down 54% from the same period in 2025, according to Money Times. The result came in below the Bloomberg consensus estimate of $1.508 billion.

Valor Econômico puts the annual decline at 53%. In Brazilian reais, net profit fell 56% to 6.436 billion reais.

“The freight strategy and the hedging program helped protect margins in a dynamic market environment.”

Net sales revenue reached $10.599 billion, a 2% increase year over year. In reais, revenue was 54.462 billion reais, a 4% decline.

Pro forma Ebitda fell 20% to $3.508 billion, slightly above the expected $3.324 billion. Valor Econômico reports Ebitda at $3.327 billion, a 24% decline, and 17.095 billion reais, down 28%.

The C1 cash cost for iron ore operations rose 12% to $23.1 per ton, while all-in costs increased 21% to $60.4 per ton. Expanded net debt, including provisions for Brumadinho and Samarco, fell 1% to $16.413 billion.

Iron ore production totaled 88.354 million tons, down 6% from a year earlier, while pellet output rose 7% to 8.554 million tons. Vale President Gustavo Pimenta said freight strategy and the hedging program helped protect margins in a dynamic market environment.