Want to see VALE full AI Analyst Report?
Adjusted EBITDA by Segment
Shows profitability from core operations across different business units, highlighting which segments drive earnings and where operational efficiencies or challenges exist.Vale’s EBITDA mix is shifting: base‑metals (copper and nickel) have moved from a secondary contribution to a core earnings engine, materially boosting VBM EBITDA and partially offsetting iron‑ore cyclicality. Iron‑ore fines remain the largest line but are off prior peaks; improving premiums and the Serra Sul ramp are the primary levers to stabilize iron‑ore profitability. Brumadinho-related charges have moderated, yet rising C1/all‑in costs, provisional price adjustments, and FX/oil/logistics sensitivity mean near‑term guidance is still conditional despite strong cash generation and active shareholder returns.
Date | Other | Iron Ore Fines | ROM Iron Ore | Iron Ore Pellets | Other Ferrous | MN & Alloys | Nickel | Copper | Coal | Other Energy Transition Metals | Brumadinho Impact | Covid-19 Donations |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $0.00 | $2.56B | $0.00 | $416.00M | $79.00M | $0.00 | $294.00M | $1.03B | $0.00 | -$31.00M | -$101.00M | $0.00 |
Mar 31, 2026 | -$29.00M | $2.44B | $0.00 | $479.00M | -$14.00M | $0.00 | $277.00M | $949.00M | $0.00 | -$208.00M | -$65.00M | $0.00 |
Dec 31, 2025 | -$526.00M | $3.42B | $0.00 | $527.00M | $25.00M | $0.00 | $358.00M | $1.06B | $0.00 | -$24.00M | -$246.00M | $0.00 |
Sep 30, 2025 | $0.00 | $3.42B | $0.00 | $512.00M | $42.00M | $0.00 | $114.00M | $614.00M | $0.00 | -$41.00M | -$30.00M | $0.00 |
Jun 30, 2025 | $0.00 | $2.40B | $0.00 | $477.00M | $104.00M | $0.00 | $201.00M | $538.00M | $0.00 | -$18.00M | -$38.00M | $0.00 |
Mar 31, 2025 | $0.00 | $2.33B | $0.00 | $536.00M | $18.00M | $0.00 | $41.00M | $546.00M | $0.00 | -$33.00M | -$97.00M | $0.00 |
Dec 31, 2024 | -$430.00M | $3.18B | $0.00 | $770.00M | $62.00M | $0.00 | $55.00M | $526.00M | $0.00 | -$40.00M | -$111.00M | $0.00 |
Sep 30, 2024 | -$238.00M | $2.84B | $0.00 | $790.00M | $97.00M | $0.00 | -$66.00M | $360.00M | $0.00 | -$46.00M | -$126.00M | $0.00 |
Jun 30, 2024 | -$302.00M | $3.07B | $0.00 | $724.00M | $92.00M | $0.00 | $108.00M | $351.00M | $0.00 | -$52.00M | $1.00M | $0.00 |
Mar 31, 2024 | -$237.00M | $2.51B | $0.00 | $882.00M | $70.00M | $0.00 | $17.00M | $284.00M | $0.00 | -$44.00M | -$41.00M | $0.00 |