Vale S.A. reported earnings results for the second quarter and six months ended June 30, 2025. For the second quarter, the company reported sales was USD 8,804 million compared to USD 9,920 million a year ago. Net income was USD 2,117 million compared to USD 2,769 million a year ago. Net income was USD 2,117 million compared to BRL 14,592 million a year ago. Net income was BRL 12,081 million compared to USD 2,769 million a year ago. Net income was BRL 12,081 million compared to BRL 14,592 million a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to USD 0.65 a year ago. Basic earnings per share from continuing operations was USD 0.5 compared to BRL 3.41 a year ago. Basic earnings per share from continuing operations was BRL 2.83 compared to USD 0.65 a year ago. Basic earnings per share from continuing operations was BRL 2.83 compared to BRL 3.41 a year ago. Diluted earnings per share from continuing operations was BRL 2.83 compared to BRL 3.41 a year ago.
For the six months, sales was USD 16,923 million compared to USD 18,379 million a year ago. Net income was USD 3,511 million compared to USD 4,448 million a year ago. Net income was USD 3,511 million compared to BRL 22,883 million a year ago. Net income was BRL 20,245 million compared to USD 4,448 million a year ago. Net income was BRL 20,245 million compared to BRL 22,883 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 1.04 a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to BRL 5.34 a year ago. Basic earnings per share from continuing operations was BRL 4.74 compared to USD 1.04 a year ago. Basic earnings per share from continuing operations was BRL 4.74 compared to BRL 5.34 a year ago. Diluted earnings per share from continuing operations was BRL 4.74 compared to BRL 5.34 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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