Vale S.A.

VALE · XNYS

CIK 917851fmd_140FN6X9XV2R7JS5YMNTCH4QCZMining · Metal MiningTemplate: Standard

Coverage: Jan 01, 2007 to Dec 31, 2025, 40 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total revenues	27,488	33,967	36,575	36,549	39,545	54,502	43,839	41,784	38,056	38,403
Cost of revenue	17,650	21,039	22,109	19,312	17,564	21,729	24,028	24,089	24,265	24,947
Gross profit	9,838	12,928	14,466	17,237	21,981	32,773	19,811	17,695	13,791	13,456
Research and development	319	340	373	413	415	549	660	723	790	693
Selling, general and administrative	507	531	523	474	491	481	515	553	622	641
Operating income	7,052	10,930	11,955	3,893	12,823	27,693	17,208	14,205	10,788	5,897
Interest expense	2,677	3,273	2,314	3,684	1,158	1,249	1,179	1,459	1,473	1,647
Other non-operating income (expense)	–	–	–	–	–	–	–	–	–	–
Income before taxes	7,984	7,829	6,816	(156)	6,990	29,541	19,781	11,151	6,696	4,653
Income tax expense	2,781	1,495	(172)	(595)	735	4,697	2,971	3,046	721	2,670
Net income from continuing operations	5,203	6,334	6,988	439	6,255	24,844	16,810	8,105	5,975	1,983
Net income	3,982	5,507	6,860	(1,683)	4,881	22,445	18,788	7,983	6,166	2,352
Net income to common shareholders	–	–	–	–	–	–	–	–	–	–