Vale Reports Q2 EBITDA $3.42B, Revenue $8.8B, CEO Gustavo Pimenta Comments on Progress Towards Accident-Free Work Environment.

Vale reported Q2 pro forma EBITDA of $3.42B, down from $3.99B last year, and revenue of $8.8B, down from $9.92B last year. The company cited operational excellence and disciplined execution as the reason for the results, which align with its 2025 guidance. Vale also highlighted its focus on safety and its strategy to strengthen its product portfolio.

Vale, the Brazilian mining giant, reported its second-quarter (Q2) financial results, showing a 24% decline in net profit to $2.12 billion, which still exceeded analyst expectations of $1.44 billion. Revenue for the quarter was $8.8 billion, matching forecasts. Despite a decrease in iron ore revenue due to lower sales volumes and prices, Vale's copper and nickel revenue grew. All-in costs decreased in each category, with a 10% drop in iron ore costs, a 60% reduction in copper costs, and a 30% decrease in nickel costs, thanks to efficiency measures and higher output [1].

Vale's pro forma EBITDA for Q2 was $3.42 billion, down from $3.99 billion last year. The company's adjusted earnings before items came in at $3.42 billion, surpassing the average analyst estimate of $3.31 billion. Vale spent $200 million less this quarter compared to the same period last year, keeping it on track to meet its 2025 guidance of $5.9 billion in net profit [1].

Operational excellence and disciplined execution were cited as the reasons for the results. Vale produced 83.6 million metric tons of iron ore last quarter, exceeding forecasts [2]. The company's operational strategies, including a flexible sales strategy and expanding its product mix, helped mitigate the impact of weaker sales and softer iron ore prices [2]. Vale's focus on safety and its strategy to strengthen its product portfolio were also highlighted.

Investors should consider Vale's dividend sustainability, capital allocation priorities, and balance sheet strength when interpreting these results. The company's ability to exceed expectations despite a profit decline suggests underlying strength, but investors should remain vigilant and consult Vale's complete quarterly report for further insights [3].

References:
[1] https://www.ainvest.com/news/vale-q2-net-profit-24-2-12b-outperforms-analyst-forecasts-2508/
[2] https://www.bloomberg.com/news/articles/2025-07-31/vale-delivers-solid-quarter-despite-lower-prices-weaker-sales
[3] https://discoveryalert.com.au/news/vales-q2-2025-financial-performance-profit-decline/