Vale S.A. (BME:XVALO)

Vale S.A. Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	211,525	206,005	208,066	226,508	293,524	206,098
Revenue Growth (YoY)	2.62%	-0.99%	-8.14%	-22.83%	42.42%	42.49%
Cost of Revenue	136,535	131,318	120,016	124,195	117,267	90,948
Gross Profit	74,990	74,687	88,050	102,313	176,257	115,150
Selling, General & Admin	3,546	3,397	2,758	2,658	2,601	2,529
Research & Development	4,307	4,307	3,598	3,411	2,964	2,151
Other Operating Expenses	6,943	6,655	6,433	8,131	15,922	3,222
Operating Expenses	16,985	16,548	15,038	16,666	24,954	12,419
Operating Income	58,005	58,139	73,012	85,647	151,303	102,731
Interest Expense	-6,952	-6,952	-6,549	-4,296	-7,875	-12,327
Interest & Investment Income	1,776	1,776	1,547	2,272	1,222	646
Earnings From Equity Investments	-1,848	-1,570	-5,434	1,616	-6,947	-5,210
Currency Exchange Gain (Loss)	-7,702	-7,702	-8,185	3,058	25,085	-2,741
Other Non Operating Income (Expenses)	-4,721	-8,082	3,575	10,912	-815	-10,411
EBT Excluding Unusual Items	38,558	35,609	57,966	99,209	161,973	72,688
Merger & Restructuring Charges	-	-	-	-	-49	-412
Gain (Loss) on Sale of Investments	12,486	12,486	-	-	-	-
Gain (Loss) on Sale of Assets	-3,933	-3,933	-1,317	-	-1,071	-1,147
Asset Writedown	-13,286	-11,858	-	3,833	-583	-4,728
Legal Settlements	-1,681	-1,681	-1,138	-793	-531	-388
Other Unusual Items	3,540	3,540	-106	-568	-592	-27,608
Pretax Income	35,745	34,224	55,554	101,704	159,147	38,405
Income Tax Expense	5,473	3,793	15,000	15,185	25,320	4,627
Earnings From Continuing Operations	30,272	30,431	40,554	86,519	133,827	33,778
Earnings From Discontinued Operations	-	-	-	9,818	-12,484	-8,875
Net Income to Company	30,272	30,431	40,554	96,337	121,343	24,903
Minority Interest in Earnings	1,193	1,161	-614	-413	-115	1,810
Net Income	31,465	31,592	39,940	95,924	121,228	26,713
Net Income to Common	31,465	31,592	39,940	95,924	121,228	26,713
Net Income Growth	-18.72%	-20.90%	-58.36%	-20.87%	353.82%	-
Shares Outstanding (Basic)	4,269	4,275	4,366	4,638	5,012	5,130
Shares Outstanding (Diluted)	4,274	4,280	4,370	4,642	5,017	5,130
Shares Change (YoY)	-1.27%	-2.06%	-5.87%	-7.46%	-2.20%	0.03%
EPS (Basic)	7.37	7.39	9.15	20.68	24.19	5.21
EPS (Diluted)	7.36	7.38	9.15	20.68	24.18	5.21
EPS Growth	-17.74%	-19.32%	-55.77%	-14.46%	364.32%	-
Free Cash Flow	6,551	15,101	36,459	30,017	109,465	53,488
Free Cash Flow Per Share	1.53	3.53	8.34	6.47	21.82	10.43
Dividend Per Share	4.760	4.760	6.989	5.691	14.094	6.669
Dividend Growth	-31.89%	-31.89%	22.81%	-59.62%	111.33%	371.53%
Gross Margin	35.45%	36.25%	42.32%	45.17%	60.05%	55.87%
Operating Margin	27.42%	28.22%	35.09%	37.81%	51.55%	49.85%
Profit Margin	14.88%	15.34%	19.20%	42.35%	41.30%	12.96%
Free Cash Flow Margin	3.10%	7.33%	17.52%	13.25%	37.29%	25.95%
EBITDA	73,789	73,358	87,157	102,033	167,682	119,328
EBITDA Margin	34.88%	35.61%	41.89%	45.05%	57.13%	57.90%
D&A For EBITDA	15,784	15,219	14,145	16,386	16,379	16,597
EBIT	58,005	58,139	73,012	85,647	151,303	102,731
EBIT Margin	27.42%	28.22%	35.09%	37.81%	51.55%	49.85%
Effective Tax Rate	15.31%	11.08%	27.00%	14.93%	15.91%	12.05%
Advertising Expenses	-	116	128	114	145	90

Source: S&P Global Market Intelligence. Standard template. Financial Sources.