Vale S.A. (VALE)

NYSE: VALE · Metal Mining · Rio De Janeiro · filing with the SEC since 2001

Grade5.7

◀ Past 6.7● Present 5.8▶ Future 4.0

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In millions of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 27, 2026	Mar 28, 2025	Apr 19, 2024	Apr 13, 2023	Apr 14, 2022	Mar 24, 2021	Apr 3, 2020	Apr 18, 2019	Apr 13, 2018	Apr 11, 2017
Revenue	38,403	38,056	41,784	43,839	54,502	39,545^r	36,549^r	36,575	33,967	27,488
Cost of revenue	24,947	24,265	24,089	24,028	21,729	17,564^r	19,312^r	22,109	21,039	17,650
Gross profit	13,456	13,791	17,695	19,811	32,773	21,981^r	17,237^r	14,466	12,928	9,838
Research and development	693	790	723	660	549	415^r	413^r	373	340	319
Selling, general and administrative	641	622	553	515	481	491^r	474^r	523	531	507
Sales and marketing	·	·	·	86	80	81^r	79^r	95	68	·
General and administrative	·	·	·	517	305	·	·	·	·	·
Total operating expenses	·	·	·	3,376	4,654	7,850^r	9,961^r	1,612	1,704	1,546
Operating income	5,897	10,788	14,205	17,208	27,693	12,823^r	3,893^r	11,955	10,930	7,052
Finance costs	1,647	1,473	1,459	1,179	1,249^r	1,158^r	3,684^r	2,314^r	3,273^r	2,677^r
Finance income	501	422	432	520	337	307^r	453^r	423	478^r	170^r
Net finance income (costs)	-1,026	-3,823	-1,946	2,268	3,119	-4,813^r	-3,393^r	-4,957	-3,019	1,843
Share of profit of equity-method investments	·	·	·	246	494	-76^r	253^r	305	98	309
Income before income taxes	4,653	6,696	11,151	19,781	29,541	6,990^r	-156^r	6,816	7,829	7,984
Income tax expense	2,670	721	3,046	2,971	4,697	735^r	-595	-172	1,495	2,781
Income from continuing operations	·	5,975	8,105	16,810	24,844	6,255^r	439^r	6,988	6,334	5,203
Income from discontinued operations	·	·	·	2,060	-2,376	-1,724	-2,619	-92	-813	-1,227
Net income	1,983	5,975	8,105	18,870	22,468	4,531	-2,180	6,896	5,521	3,976
Net income to non-controlling interests	-369	-191	122	82	23	-350	-497	36	14	-6
Net income to shareholders	2,352	6,166	7,983	18,788	22,445	4,881	-1,683	6,860	5,507	3,982
Weighted average shares, basic	4,268,775	4,274,854	4,366,130	4,637,794	5,012,424	5,129,585	5,127,950	5,178,024^r	5,197,432	5,197,432

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldifrs-full:Revenue

Cost of revenue what it cost to make or buy what it soldifrs-full:CostOfSales

Gross profit revenue less the cost of what it soldifrs-full:GrossProfit

Research and development spent on inventing what it sells nextifrs-full:ResearchAndDevelopmentExpense

Selling, general and administrative the cost of selling and of running the companyifrs-full:SellingGeneralAndAdministrativeExpense

Sales and marketing the cost of finding and serving customersifrs-full:SellingExpense

General and administrative the cost of running the company itselfifrs-full:AdministrativeExpense

Total operating expenses the running costs togetherifrs-full:OperatingExpense

Operating income profit from running the business, before interest and taxifrs-full:ProfitLossFromOperatingActivities

Finance costs what its borrowing costifrs-full:FinanceCosts

Finance income what its cash and investments earnedifrs-full:FinanceIncome

Net finance income (costs) interest earned less interest paid, outside the businessifrs-full:FinanceIncomeCost

Share of profit of equity-method investments its share of companies it partly ownsifrs-full:ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod

Income before income taxes profit before taxifrs-full:ProfitLossBeforeTax

Income tax expense tax charged on the period's profitifrs-full:IncomeTaxExpenseContinuingOperations

Income from continuing operations profit from the businesses it keepsifrs-full:ProfitLossFromContinuingOperations

Income from discontinued operations profit or loss from businesses it sold or closedifrs-full:ProfitLossFromDiscontinuedOperations

Net income the whole group's profit, minority holders' share includedifrs-full:ProfitLoss

Net income to non-controlling interests the share that belongs to minority holdersifrs-full:ProfitLossAttributableToNoncontrollingInterests

Net income to shareholders the profit or loss that belongs to the company's shareholdersifrs-full:ProfitLossAttributableToOwnersOfParent

Weighted average shares, basic the average count of shares outstandingifrs-full:WeightedAverageShares

SI Assistanton VALE · research, not advice