Vale increased net profit by 39% y/y in Q1

Brazilian mining company Vale increased its net profit by 39% year-on-year in the first quarter of this year, reaching $1.94 billion, according to the company’s report.

Net sales revenue for the period rose 14% year-on-year – to $9.26 billion, while production costs increased 13% compared to the same period in 2025.

The company’s operating profit in the first quarter increased by 32% year-on-year, to $2.37 billion.

As noted by Gustavo Pimenta, Vale’s CEO, the company has made a strong start to the current year.

“During the quarter, we achieved record production levels at several assets… Our flexible portfolio allowed us to capitalize on opportunities in a stable market environment, while our constant pursuit of economic efficiency continues to maintain competitiveness and strengthen resilience amid ongoing external pressures,” he emphasized.

Gustavo Pimenta also noted that Vale continues to innovate. This is underscored by the announcement of its first Guaibamax vessels powered by ethanol engines—in this way, the company is advancing decarbonization and strengthening energy security throughout the supply chain.

As a reminder, in January–March, Vale increased iron ore production by 3% year-on-year – to 69.7 million tons. Pellet production for the period reached 8.2 million tons (+13.7% year-over-year) thanks to improved productivity at its Tubarao facilities. Iron ore sales for the period increased by 4% year-on-year – to 68.7 million tons, in line with higher production volumes.