Q3: 2025-10-30 Earnings Summary
EPS of $0.64 beats by $0.12
| Revenue of $10.42B (9.08% Y/Y) beats by $64.11M
Vale S.A. (VALE) Q3 2025 Earnings Call October 31, 2025 10:00 AM EDT
Company Participants
Gustavo Duarte Pimenta - President & CEO Marcelo Bacci - Executive VP of Finance & Investor Relations Rogério Nogueira - Executive Vice President of Commercial & Development Shaun Usmar - Chief Executive Officer of Vale Base Metals Ltd
Conference Call Participants
Rodolfo De Angele - JPMorgan Chase & Co, Research Division Rafael Barcellos - Banco Bradesco BBI S.A., Research Division Leonardo Correa - Banco BTG Pactual S...
Q3: 2025-10-30 Earnings Summary
EPS of $0.64 beats by $0.12
| Revenue of $10.42B (9.08% Y/Y) beats by $64.11M
Vale S.A. (VALE) Q3 2025 Earnings Call October 31, 2025 10:00 AM EDT
Company Participants
Gustavo Duarte Pimenta - President & CEO Marcelo Bacci - Executive VP of Finance & Investor Relations Rogério Nogueira - Executive Vice President of Commercial & Development Shaun Usmar - Chief Executive Officer of Vale Base Metals Ltd
Conference Call Participants
Rodolfo De Angele - JPMorgan Chase & Co, Research Division Rafael Barcellos - Banco Bradesco BBI S.A., Research Division Leonardo Correa - Banco BTG Pactual S.A., Research Division Carlos de Alba - Morgan Stanley, Research Division Caio Ribeiro - BofA Securities, Research Division Daniel Sasson - Itaú Corretora de Valores S.A., Research Division Caio Greiner - UBS Investment Bank, Research Division Marcio Farid Filho - Goldman Sachs Group, Inc., Research Division
Presentation
Operator
Good morning, ladies and gentlemen. Welcome to Vale’s Third Quarter 2025 Earnings Call. This conference is being recorded and the replay will be available on our website at vale.com. The presentation is also available for download in English and Portuguese from our website. [Operator Instructions] We would like to advise that forward-looking statements may be provided in this presentation, including Vale’s expectations about future events or results encompassing those matters listed in the respective presentation.
We caution you that forward-looking statements are not guarantees of future performance and involve risks and uncertainties. To obtain information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission, the Brazilian Comissão de Valores Mobiliários and in particular, the factors discussed under forward-looking statements and Risk Factors in Vale’s annual report on Form 20-F. With us today are Mr. Gustavo Pimenta, CEO; Mr. Marcelo Bacci, Executive Vice President of Finance and Investor Relations; Mr. Rogério Nogueira, Executive Vice President, Commercial and Development; Mr. Carlos Medeiros, Executive Vice President of Operations; and Shaun Usmar, CEO of Vale Base Metals. Now I will turn the conference over to Mr. Gustavo Pimenta. Sir, you