Vale S.A. Sponsored ADR (VALE.US) Q3 revenue exceeds expectations, net profit year-on-year increases by 78%.

Global iron ore giant Vale S.A. Sponsored ADR (VALE.US) announced better-than-expected performance in the third quarter of 2025. The financial report shows that Vale S.A. Sponsored ADR's Q3 revenue increased by 9% year-on-year to $10.42 billion, higher than the analysts' general expectation of $10.33 billion. Net profit attributable to shareholders was $2.744 billion, a 78% increase year-on-year, exceeding the analysts' general expectation of $2.1 billion. Pro forma EBITDA was $4.399 billion, a 17% year-on-year increase; adjusted EBITDA was $4.369 billion, a 21% year-on-year increase, primarily due to higher sales volumes and improved cost efficiency. By division, the iron ore division had revenue of $8.423 billion, with adjusted EBITDA of $3.972 billion; the energy transition metals division had revenue of $1.997 billion, with adjusted EBITDA of $687 million. The company's CEO, Gustavo Pimenta, said, "Iron ore production reached its highest quarterly level since 2018, while copper achieved its best performance in the third quarter since 2019, and we continue to improve cost competitiveness in nickel." Vale S.A. Sponsored ADR expects that the integrated copper cost in 2025 will be between $1,000 and $1,500 per ton, lower than the previous estimate of $1,500 to $2,000 per ton; and the integrated nickel cost in 2025 will be between $13,000 and $14,000 per ton, lower than the previous estimate of $14,000 to $15,500 per ton.