Earnings ·
Vale reports $1.28B Q3 net income, acquires 30% stake in Ligga for $189M
VALEVale S.A.
Vale S.A. reported net income attributable to shareholders of US$1.25 billion (US$0.29 per share) for the three months ended September 30, 2026, down from US$2.69 billion in the prior-year period. Net operating revenue increased slightly to US$10.6 billion from US$10.4 billion. The company also entered a binding agreement to acquire a 30% equity interest in mining company Ligga S.A. for US$189 million, with completion expected by year-end. Additionally, Vale initiated a new share buyback program in August 2026 and paid US$1.7 billion in shareholder remuneration approved in July.