Earnings ·
Vale reports Q3 net income of R$6.4B on R$54.5B revenue and buys back R$1.1B in shares
VALEVale S.A.
Vale S.A. reported net income attributable to shareholders of R$6,436 million (US$1,267 million) for the three months ended September 30, 2026, a decline from R$14,617 million in the prior-year period. Net operating revenue fell 3.9% year-over-year to R$54,462 million (US$10,718 million). For the nine-month period, net income was R$23,236 million on revenue of R$156,154 million. The company also announced a new share buyback program starting in August 2026 and purchased R$1,091 million (US$215 million) of its own shares during the quarter. Additionally, Vale entered into a binding agreement to acquire a 30% equity interest in Ligga S.A. for R$979 million (US$189 million). Vale is one of the world’s largest producers of iron ore and nickel.