Earnings ·
Vale S.A. reported second-quarter 2026 net operating revenues of $10.5 billion, a 19% year-over-year increase, driven…
VALEVale S.A.
Vale S.A. reported second-quarter 2026 net operating revenues of $10.5 billion, a 19% year-over-year increase, driven by higher realized prices and sales volumes across iron ore, copper, and nickel segments. Proforma EBITDA reached $4.1 billion, up 19% year-over-year, while free cash flow totaled $1.5 billion. The company announced US$ 1.701 billion in dividends and interest on capital to be paid in September, reflecting shareholder remuneration for the first half of 2026. Additionally, Vale repurchased approximately 8.77 million shares for US$ 140 million during the quarter and approved a new share buyback program authorized for up to 100 million common shares or ADRs over an 18-month period starting after August 2026. The company operates in the global mining industry, producing iron ore, nickel, copper, and other base metals.