Quarterly ResultJul 31, 2026, 11:56 AM
Vale Q2 Revenue $10.5B (+19%), Net Income $1.38B (-35%)
AI Summary
Vale S.A. reported mixed results for the second quarter and first half of 2026. Net operating revenue for Q2 2026 increased by 19.24% to $10.498 billion, and Adjusted EBITDA grew by 8.56% to $3.676 billion. However, net income attributable to shareholders for Q2 2026 decreased significantly by 35.05% to $1.375 billion, with EPS falling to $0.32. For the first half of 2026, net operating revenue increased by 16.74% to $19.756 billion, and net cash generated by operating activities rose by 21.73% to $4.291 billion. The company also approved $1.701 billion in shareholder remuneration and a new share buyback program.
Key Highlights
- Q2 2026 Net Operating Revenue increased 19.24% to $10.498 billion from $8.804 billion in Q2 2025.
- Q2 2026 Net Income attributable to Vale S.A.'s shareholders decreased 35.05% to $1.375 billion from $2.117 billion in Q2 2025.
- Q2 2026 Basic and Diluted Earnings Per Share (EPS) were $0.32, down from $0.50 in Q2 2025.
- Q2 2026 Adjusted EBITDA rose 8.56% to $3.676 billion compared to $3.386 billion in Q2 2025.
- H1 2026 Net Cash Generated by Operating Activities increased 21.73% to $4.291 billion from $3.525 billion in H1 2025.
- Shareholder remuneration of $1.701 billion was approved in July 2026, to be paid in September 2026.
- The company repurchased 8.771 million common shares and ADRs for $140 million during Q2 2026.
- A new share buyback program was approved in July 2026, commencing after the current program concludes.
Price Impact
More from VALE