Vale SA (VALE) News & EventsVALENews & EventsVale SA

Vale Reports Q2 Revenue of $10.50B

Reports Q2 revenue $10.50B vs. $8.80B last year. "We delivered solid year-on-year results across all businesses, with iron ore reaching its highest Q2 production since 2018 and copper its best Q2 in nine years. Our strong EBITDA and cash flow generation demonstrate Vale's strength and resilience in a dynamic global environment, supported by the high quality of our assets and our continued commitment to operational excellence and efficiency. We are also advancing our portfolio of high-return, low capital-intensity projects. The start-up of the Serra Sul +20 will further strengthen our position at S11D, our most competitive iron ore operation. On copper, the Bacaba project is advancing ahead of schedule, being one of the milestones towards our ambition to double copper production by 2035. Backed by our solid performance in 1H26, our Board of Directors approved US$ 1.7 billion in dividends and interest on capital and extended our buyback program, reflecting our conviction in Vale's long-term value. I am very confident about Vale's future, as we continue to consistently operate our assets, invest in high-return projects and remunerate our shareholders, while also creating value to society.", commented Gustavo Pimenta, CEO.