Vale S.A. (BVMF:VALE3)

Accolade Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	38,467	33,308	42,880	42,846	52,681	39,686
Revenue Growth (YoY)	1.65%	-22.32%	0.08%	-18.67%	32.75%	10.29%
Cost of Revenue	25,294	21,232	24,734	23,492	21,047	17,513
Gross Profit	13,173	12,076	18,146	19,353	31,634	22,173
Selling, General & Admin	655.37	549.24	568.39	502.78	466.82	486.98
Research & Development	790.45	696.37	741.5	645.22	531.97	414.2
Other Operating Expenses	1,137	1,076	1,326	1,538	2,858	620.43
Operating Expenses	2,985	2,676	3,099	3,152	4,479	2,391
Operating Income	10,188	9,400	15,047	16,201	27,156	19,782
Interest Expense	-1,397	-1,124	-1,350	-812.62	-1,413	-2,374
Interest & Investment Income	384.67	287.15	318.82	429.77	219.32	124.39
Earnings From Equity Investments	-512.77	-253.84	-1,120	305.68	-1,247	-1,003
Currency Exchange Gain (Loss)	-1,159	-1,245	-1,687	578.44	4,502	-527.81
Other Non Operating Income (Expenses)	338.97	-1,307	736.76	2,064	-146.27	-2,005
EBT Excluding Unusual Items	7,843	5,757	11,946	18,766	29,071	13,997
Merger & Restructuring Charges	-	-	-	-	-8.79	-79.33
Gain (Loss) on Sale of Investments	2,292	2,019	-	-	-	-
Gain (Loss) on Sale of Assets	-2,119	-635.9	-271.42	-	-192.22	-220.87
Asset Writedown	-2,176	-1,917	-	725.04	-104.64	-910.42
Legal Settlements	-262.81	-271.79	-234.53	-150	-95.3	-74.71
Other Unusual Items	539.02	572.36	-21.85	-107.44	-106.25	-5,316
Pretax Income	6,127	5,533	11,449	19,238	28,563	7,395
Income Tax Expense	1,011	613.27	3,091	2,872	4,544	890.97
Earnings From Continuing Operations	5,115	4,920	8,358	16,366	24,019	6,504
Earnings From Discontinued Operations	-	-	-	1,857	-2,241	-1,709
Net Income to Company	5,115	4,920	8,358	18,223	21,778	4,795
Minority Interest in Earnings	198.39	187.72	-126.54	-78.12	-20.64	348.53
Net Income	5,314	5,108	8,231	18,145	21,758	5,144
Net Income to Common	5,314	5,108	8,231	18,145	21,758	5,144
Net Income Growth	-39.46%	-37.94%	-54.64%	-16.61%	322.99%	-
Shares Outstanding (Basic)	4,271	4,275	4,366	4,638	5,012	5,130
Shares Outstanding (Diluted)	4,273	4,280	4,370	4,642	5,017	5,130
Shares Change (YoY)	-0.62%	-2.06%	-5.87%	-7.46%	-2.20%	0.03%
EPS (Basic)	1.24	1.19	1.89	3.91	4.34	1.00
EPS (Diluted)	1.24	1.19	1.89	3.91	4.34	1.00
EPS Growth	-39.13%	-36.71%	-51.81%	-9.85%	332.78%	-
Free Cash Flow	2,062	2,442	7,514	5,678	19,647	10,300
Free Cash Flow Per Share	0.48	0.57	1.72	1.22	3.92	2.01
Dividend Per Share	0.489	0.769	1.440	1.076	2.529	1.284
Dividend Growth	-62.14%	-46.61%	33.80%	-57.45%	96.97%	264.97%
Gross Margin	34.24%	36.25%	42.32%	45.17%	60.05%	55.87%
Operating Margin	26.48%	28.22%	35.09%	37.81%	51.55%	49.85%
Profit Margin	13.81%	15.34%	19.20%	42.35%	41.30%	12.96%
Free Cash Flow Margin	5.36%	7.33%	17.52%	13.25%	37.29%	25.95%
EBITDA	13,143	11,861	17,962	19,300	30,095	22,978
EBITDA Margin	34.17%	35.61%	41.89%	45.05%	57.13%	57.90%
D&A For EBITDA	2,955	2,461	2,915	3,100	2,940	3,196
EBIT	10,188	9,400	15,047	16,201	27,156	19,782
EBIT Margin	26.48%	28.22%	35.09%	37.81%	51.55%	49.85%
Effective Tax Rate	16.50%	11.08%	27.00%	14.93%	15.91%	12.05%
Advertising Expenses	-	18.76	26.38	21.56	26.02	17.33

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.