Vale S.A. Files Q3 2025 Financial Results

TL;DR

Vale dropped its Q3 2025 financials, check the income statement and cash flows.

AI Summary

Vale S.A. filed a Form 6-K on October 31, 2025, reporting its financial results for the period ending September 30, 2025. The filing includes unaudited consolidated interim financial statements such as the income statement, statement of comprehensive income, and statement of cash flows, prepared by independent registered public accounting firms.

Why It Matters

This filing provides investors with Vale's latest financial performance data, crucial for assessing the company's operational health and investment potential in the global mining sector.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain new material events or significant changes.

Key Players & Entities

• Vale S.A. (company) — Filer of the report
• 0001292814-25-003714 (accession_number) — Unique identifier for the filing
• 20250930 (date) — Conformed period of report
• 20251031 (date) — Filing date

FAQ

Key Financial Figures

• $112 — Vale Indonesia Tbk, in the amounts of US$112 and US$1,063, respectively (notes 15b a
• $1,063 — sia Tbk, in the amounts of US$112 and US$1,063, respectively (notes 15b and 15c). Ite
• $1,628 — T Vale Indonesia Tbk in the amount of US$1,628 (note 15c) and the recognition of nonco
• $1,514 — Base Metals Limited in the amount of US$1,514 (note 15d). The accompanying notes are
• $871 — l Infrastructure Partners ("GIP") for US$871. As a result, Aliança became an
• $89 — ociate, and Vale recognized a loss of US$89 in the income statement for the three-m
• $1,448 — eholder remuneration in the amount of US$1,448 (R$8,091 million), which was paid in Se
• $8,091 million — emuneration in the amount of US$1,448 (R$8,091 million), which was paid in September 2025. Fur
• $155 — ively). (ii) Includes adjustments of US$155 and US$490 for the three and nine-month
• $490 — i) Includes adjustments of US$155 and US$490 for the three and nine-month period end
• $5,604 — ue of China Mainland in the amount of US$5,604 (2024: US$4,770) and Taiwan in the amou
• $4,770 — land in the amount of US$5,604 (2024: US$4,770) and Taiwan in the amount of US$91 (202
• $91 — US$4,770) and Taiwan in the amount of US$91 (2024: US$105). Nine-month period ende
• $105 — Taiwan in the amount of US$91 (2024: US$105). Nine-month period ended September 30

Filing Documents

• valedfifrs3q25_6k.htm (6-K) — 1507KB
• valedfifrs3q256k_002.jpg (GRAPHIC) — 3KB
• image_001.jpg (GRAPHIC) — 163KB
• 0001292814-25-003714.txt ( ) — 1737KB

financial statements

financial statements We have reviewed the accompanying condensed consolidated interim statement of financial position of Vale S.A. and its subsidiaries (the "Company") as of September 30, 2025, and the related condensed consolidated interim income statement and statement of comprehensive income for the three-month and nine-month periods ended September 30, 2025 and September 30, 2024 and the condensed consolidated interim statements of changes in equity and cash flows for the nine-month periods ended September 30, 2025 and September 30, 2024, including the related notes (collectively referred to as the "interim financial financial statements for them to be in conformity with IAS 34 - Interim Financial Reporting, as issued by the International Accounting Standards Board (IASB). We have previously audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the consolidated statement of financial position of the Company as of December 31, 2024, and the related consolidated income statement, statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended (not presented herein), and in our report dated February 19, 2025, we expressed an unqualified opinion on those consolidated financial statements. In our opinion, the information set forth in the accompanying condensed consolidated statement of financial position as of December 31, 2024, is fairly stated, in all material respects, in relation to the consolidated statement of financial position from which it has been derived. Basis for review results These interim financial statements are the responsibility of the Company's management. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are require

financial statements

financial statements. 4 Consolidated Interim Statement of Comprehensive Income In millions of United States dollars Three-month period ended September 30, Nine-month period ended September 30, Notes 2025 2024 2025 2024 Net income 2,695 2,391 6,226 6,847 Other comprehensive income (loss): Items that will not be reclassified to income statement Translation adjustments of the Parent Company 1,019 764 5,576 (4,475) Retirement benefit obligations (12) (20) 40 24 1,007 744 5,616 (4,451) Items that may be reclassified to income statement Translation adjustments of foreign operations (546) (88) (1,409) 1,293 Net investment hedge 18(a.iv) 73 35 359 (223) Reclassification of cumulative translation adjustment to income statement (i) – (136) 10 (1,133) (473) (189) (1,040) (63) Comprehensive income 3,229 2,946 10,802 2,333 Comprehensive income (loss) attributable to noncontrolling interests (3) 4 124 11 Comprehensive income attributable to Vale S.A.'s shareholders 3,232 2,942 10,678 2,322 (i) In the nine-month period ended September 30, 2024, the effect refers substantially to the reclassification of accumulated translation adjustments of Vale Oman Distribution Center and PT Vale Indonesia Tbk, in the amounts of US$112 and US$1,063, respectively (notes 15b and 15c). Items above are stated net of tax, when applicable, and the related taxes effects are disclosed in note 7. The accompanying notes are an integral part of these interim

financial statements

financial statements. 5 Consolidated Interim Statement of Cash Flows In millions of United States dollars Nine-month period ended September 30, Notes 2025 2024 Cash flow from operations 9(a) 9,039 9,589 Interest on loans and borrowings paid 9(c) (694) (644) Cash received on settlement of derivatives, net 18 376 94 Payments related to the Brumadinho event 23 (594) (588) Payments related to de-characterization of dams 25 (272) (405) Interest on participative shareholders' debentures paid 20 (131) (149) Income taxes (including settlement program) paid (1,622) (1,443) Net cash generated by operating activities 6,102 6,454 Cash flow from investing activities: Acquisition of property, plant and equipment and intangible assets (3,817) (4,121) Payments related to the Samarco dam failure 24 (2,122) (304) Cash received (paid) from disposal and acquisition of investments, net 9(b) 1,006 2,717 Dividends received from associates and joint ventures 138 54 Short-term investment, net 194 51 Other investing activities, net (9) (4) Net cash used in investing activities (4,610) (1,607) Cash flow from financing activities: Loans and borrowings from third parties 9(c) 4,298 2,922 Payments of loans and borrowings to third parties 9(c) (1,431) (2,176) Payments of leasing 22 (105) (133) Dividends and interest on capital paid to Vale S.A.'s shareholders 28(d) (3,464) (3,914) Shares buyback program 28(c) – (409) Net cash used in financing activities (702) (3,710) Net increase in cash and cash equivalents 790 1,137 Cash and cash equivalents in the beginning of the period 4,953 3,609 Effect of exchange rate changes on cash and cash equivalents 274 (225) Effect of transfer the Energy Assets to non-current assets held for sale and others (115) 75 Cash and cash equivalents at end of the period 5,902 4,596 The accompanying notes are an integral part of

financial statements

financial statements. 6 Consolidated Interim Statement of Financial Position In millions of United States dollars Notes September 30, 2025 December 31, 2024 Assets Current assets Cash and cash equivalents 19 5,902 4,953 Short-term investments 19 189 53 Accounts receivable 10 2,506 2,358 Other financial assets 13 626 53 Inventories 11 5,567 4,605 Recoverable taxes 7(e) 1,232 1,100 Other 464 359 16,486 13,481 Non-current assets Judicial deposits 26(c) 638 537 Other financial assets 13 416 231 Recoverable taxes 7(e) 1,771 1,297 Deferred income taxes 7(b) 8,891 8,244 Other 1,590 1,317 13,306 11,626 Investments in associates and joint ventures 14 5,167 4,547 Intangibles 16 10,935 10,514 Property, plant, and equipment 17 45,296 39,984 74,704 66,671 Total assets 91,190 80,152 Liabilities and shareholders equity Current liabilities Suppliers and contractors 12 5,651 4,234 Loans and borrowings 21 470 1,020 Leases 22 175 147 Other financial liabilities 13 996 1,543 Taxes payable 7(e) 576 574 Settlement program ("REFIS") 7(c) 430 353 Liabilities related to Brumadinho 23 814 714 Liabilities related to associates and joint ventures 24 1,188 1,844 De-characterization of dams and asset retirement obligations 25 938 833 Provisions for litigation 26(a) 148 119 Employee benefits 27 1,012 1,012 Dividends payable – 330 Other 926 367 13,324 13,090 Non-current liabilities Loans and borrowings 21 17,373 13,772 Leases 22 525 566 Participative shareholders' debentures 20 2,669 2,217 Other financial liabilities 13 2,168 2,347 Settlement program ("REFIS") 7(c) 905 1,007 Deferred income taxes 7(b) 66 445 Liabilities related to Brumadinho 23 1,146 1,256 Liabilities related to associates and joint ventures 24 1,213 1,819 De-characterization of dams and asset r

financial statements

financial statements. 8 Notes to the Consolidated Interim Financial Statements Expressed in millions of United States dollar, unless otherwise stated 1. Corporate information Vale S.A. (the "Parent Company") is a public company headquartered in the city of Rio de Janeiro, Brazil. Vale's share capital consists of common shares, traded on the stock exchange. In Brazil, Vale's common shares are listed on B3 under the code VALE3. The Company also has American Depositary Receipts (ADRs), with each representing one common share, traded on the New York Stock Exchange (NYSE) under the code VALE. Additionally, the shares are traded on LATIBEX under the code XVALO, which is an unregulated electronic market established by the Madrid Stock Exchange for the trading of Latin American securities. The Company's shareholding structure is disclosed in note 28. Vale, together with its subsidiaries ("Vale" or the "Company"), is one of the world's largest producers of iron ore and nickel. The Company also produces iron ore pellets and copper. Nickel and copper concentrates contain by-products such as platinum group metals (PGM), gold, silver, and cobalt. Most of the Company's products are sold to international markets, through the Company's main trading Company, Vale International S.A. ("VISA"), a wholly owned subsidiary located in Switzerland. The Company is engaged in greenfield mineral exploration in six countries, including Brazil, USA, Canada, Chile, Peru and Indonesia. It also operates extensive logistics systems in Brazil, Oman and other regions worldwide, including railways, maritime terminals, and ports integrated with mining operations. Additionally, the Company has distribution centers to support its iron ore shipments globally. Vale also holds investments in energy businesses to meet part of its energy consumption needs through renewable sources. The Company's operations are organized into two operational segments: "Iron Solutions" and "Energy Tr

View Full Filing

View this 6-K filing on SEC EDGAR