Vale S.A. filed a Form 6-K with the U.S. Securities and Exchange Commission for the month of October 2026, reporting its consolidated interim financial results for the three-month and nine-month periods ended September 30, 2026.

Key Highlights

  • Q3 2026 net income: $1,275 million, down from $2,695 million in Q3 2025, according to the filing.
  • Q3 2026 net operating revenue: $10,599 million, compared with $10,420 million in Q3 2025.
  • Nine-month net income attributable to Vale S.A. shareholders: $4,523 million versus $6,196 million in the same period of 2025.
  • Basic and diluted earnings per common share (Q3 2026): $0.29, compared with $0.63 in Q3 2025.
  • Net cash generated by operating activities (nine months): $6,810 million, up from $6,102 million in the prior-year period.
  • Dividends and interest on capital paid to Vale S.A. shareholders (nine months): $4,421 million, versus $3,464 million in 2025.
  • Total equity as of September 30, 2026: $38,577 million, compared with $34,350 million at December 31, 2025.

Vale's Third-Quarter 2026 Financial Results: Revenue Rises, Profit Declines

According to the filing, Vale S.A. (NYSE:VALE) reported net operating revenue of $10,599 million for the three-month period ended September 30, 2026, modestly above the $10,420 million recorded in the same period of 2025. However, cost of goods sold and services rendered increased to $7,940 million from $6,632 million in Q3 2025, compressing gross profit to $2,659 million from $3,788 million a year earlier. Operating income for the quarter was reported at $1,593 million, compared with $2,791 million in Q3 2025.

The filing disclosed that net income for the three-month period was $1,275 million, of which $1,255 million was attributable to Vale S.A.'s shareholders. This compares with $2,685 million attributable to shareholders in Q3 2025. Basic and diluted earnings per common share for the quarter were $0.29, down from $0.63 in the prior-year quarter. For the nine-month period ended September 30, 2026, net income attributable to Vale S.A.'s shareholders was $4,523 million, compared with $6,196 million for the same period in 2025.

On the balance sheet, the company reported total assets of $88,440 million as of September 30, 2026, versus $86,525 million at December 31, 2025. Total liabilities declined to $49,863 million from $52,175 million over the same interval. The filing also noted that cash and cash equivalents stood at $4,841 million at September 30, 2026, down from $7,372 million at the start of the period, reflecting net cash used in financing activities of $5,665 million, which included $4,421 million in dividends and interest on capital paid to Vale S.A.'s shareholders and $214 million in share buyback program expenditures.

What Was Disclosed

Vale S.A. filed interim consolidated financial statements for the three- and nine-month periods ended September 30, 2026, showing lower quarterly profit and earnings per share year-over-year, higher revenues, increased costs, and reduced cash balances, alongside balance sheet and cash flow data.