The earnings call highlighted Vale's strong operational performance, significant safety improvements, and successful cost-reduction initiatives across its business segments. However, challenges persist with declining iron ore prices and pellet premiums. The company remains optimistic with continued focus on sustainability and disciplined capital allocation.

Company Guidance -

Q3 2025

During Vale's Second Quarter 2025 Earnings Call, the company provided robust guidance, highlighting several key metrics that underscore its strategic and operational progress. Vale reported a 4% year-on-year increase in iron ore production, reaching 84 million tons, marking the highest second quarter output since 2018. The ramp-up of new assets like Capanema and strong performance from sites such as S11D were pivotal in this growth. Nickel production saw a remarkable 44% increase year-on-year, driven by productivity improvements and the ramp-up of Voisey's Bay underground mine. Copper production also grew by 18% compared to the previous year, achieving its best second quarter since 2019. The company's pro forma EBITDA reached $3.4 billion, a 7% improvement quarter-on-quarter, although down 14% year-on-year due to a 13% decline in iron ore reference prices. Cost efficiency was a major focus, with the C1 cash cost for iron ore at $22.2 per ton, marking an 11% year-on-year decline, and significant reductions in all-in costs for both nickel and copper. Vale also confirmed its confidence in meeting its full-year guidance across various metrics, supported by a disciplined capital allocation approach and a focus on operational excellence and sustainability initiatives.

Safety Improvements

Vale reported a 55% reduction in high-potential recordable injuries and continued to lead its peers in TRIFR, emphasizing its progress in creating a safer work environment.

Operational Excellence

Vale's iron ore production reached 84 million tons, a 4% increase year-on-year, marking the highest second quarter output since 2018. Nickel production rose 44% year-on-year, and copper production increased by 18% compared to the previous year.

Cost Reduction Achievements

The company achieved a fourth consecutive quarter of year-on-year reduction in C1 cash costs, with an 11% decrease in iron ore costs and a 60% decrease in copper all-in costs. Nickel all-in costs decreased by 30% year-on-year.

Sustainability Initiatives

Vale published its first sustainability-related financial information report, being the first major mining company globally to do so, outlining climate-related risks and opportunities.

Financial Performance

Pro forma EBITDA improved 7% quarter-on-quarter to $3.4 billion. Recurring free cash flow increased by $500 million from Q1, reaching $1 billion in Q2.

Vale SA (VALE) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

VALE Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 31, 2025	2025 (Q3)	0.41 / -	0.56	―	―	―
Jul 31, 2025	2025 (Q2)	0.35 / 0.50	0.65	-23.08% (-0.15)
Apr 24, 2025	2025 (Q1)	0.37 / 0.33	0.39	-15.38% (-0.06)
Feb 19, 2025	2024 (Q4)	0.46 / -0.16	0.56	-128.57% (-0.72)
Oct 24, 2024	2024 (Q3)	0.43 / 0.56	0.66	-15.15% (-0.10)
Jul 25, 2024	2024 (Q2)	0.44 / 0.65	0.2	225.00% (+0.45)
Apr 24, 2024	2024 (Q1)	0.36 / 0.39	0.41	-4.88% (-0.02)
Feb 22, 2024	2023 (Q4)	0.96 / 0.56	0.82	-31.71% (-0.26)
Oct 26, 2023	2023 (Q3)	0.60 / 0.66	0.98	-32.65% (-0.32)
Jul 27, 2023	2023 (Q2)	0.53 / 0.20	1.32	-84.85% (-1.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

VALE Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$9.53	$9.71	+1.89%
Apr 24, 2025	$9.75	$9.50	-2.56%
Feb 19, 2025	$9.38	$9.77	+4.16%
Oct 24, 2024	$10.03	$10.40	+3.69%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Vale SA (VALE) report earnings?

Vale SA (VALE) is schdueled to report earning on Oct 31, 2025, After Close (Confirmed).

What is Vale SA (VALE) earnings time?

Vale SA (VALE) earnings time is at Oct 31, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is VALE EPS forecast?

VALE EPS forecast for the fiscal quarter 2025 (Q3) is 0.42.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing