Vale S.A. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	40,605	30,671	17,474	24,711	65,409
Short-Term Investments	1,069	-	-	-	1,028
Trading Asset Securities	-	331	250	320	-
Cash & Short-Term Investments	41,674	31,002	17,724	25,031	66,437
Cash Growth	34.42%	74.91%	-29.19%	-62.32%	-10.38%
Accounts Receivable	12,652	14,600	20,317	22,537	21,840
Other Receivables	8,290	6,811	4,355	6,639	4,809
Receivables	20,941	21,411	24,672	29,176	26,649
Inventory	32,701	28,513	22,679	23,386	24,429
Other Current Assets	5,431	2,550	25,454	3,416	7,285
Total Current Assets	100,747	83,476	90,529	81,009	124,800
Property, Plant & Equipment	317,299	247,594	234,302	234,472	233,995
Long-Term Investments	-	28,495	9,278	9,417	9,804
Goodwill	-	18,811	15,799	16,643	17,905
Other Intangible Assets	-	46,294	40,510	36,778	32,382
Long-Term Deferred Tax Assets	34,800	51,050	46,307	56,195	63,847
Other Long-Term Assets	23,734	20,605	19,259	18,873	16,395
Total Assets	476,580	496,325	455,984	453,387	499,128
Accounts Payable	30,652	26,217	25,523	23,278	19,393
Accrued Expenses	6,241	7,864	8,950	6,149	5,106
Current Portion of Long-Term Debt	2,853	6,316	3,986	1,604	5,744
Current Portion of Leases	881.28	907	954	948	976
Current Income Taxes Payable	3,784	1,961	2,076	1,156	12,150
Current Unearned Revenue	-	6,532	6,537	6,169	9,352
Other Current Liabilities	43,001	31,258	22,922	33,174	32,093
Total Current Liabilities	87,412	81,055	70,948	72,478	84,814
Long-Term Debt	97,029	99,009	70,301	70,955	81,301
Long-Term Leases	2,798	3,507	6,075	7,041	7,966
Long-Term Unearned Revenue	10,840	23,335	25,367	21,737	17,944
Pension & Post-Retirement Benefits	6,687	6,925	6,688	6,572	8,556
Long-Term Deferred Tax Liabilities	589.36	2,757	4,210	7,372	10,494
Other Long-Term Liabilities	82,025	66,017	74,070	72,338	90,995
Total Liabilities	287,380	282,605	257,659	258,493	302,070
Common Stock	189,200	77,300	77,300	77,300	77,300
Retained Earnings	-	114,889	106,181	108,213	87,621
Treasury Stock	-	-19,785	-17,739	-25,675	-29,189
Comprehensive Income & Other	-	34,368	25,223	27,274	56,671
Total Common Equity	189,200	206,772	190,965	187,112	192,403
Minority Interest	-	6,948	7,360	7,782	4,655
Shareholders' Equity	189,200	213,720	198,325	194,894	197,058
Total Liabilities & Equity	476,580	496,325	455,984	453,387	499,128
Total Debt	103,561	109,739	81,316	80,548	95,987
Net Cash (Debt)	-61,888	-78,737	-63,592	-55,517	-29,550
Net Cash Per Share	-14.47	-18.40	-14.55	-11.96	-5.89
Filing Date Shares Outstanding	4,271	4,269	4,300	4,483	4,840
Total Common Shares Outstanding	4,271	4,269	4,300	4,483	4,840
Working Capital	13,335	2,421	19,581	8,531	39,986
Book Value Per Share	44.30	48.44	44.41	41.74	39.76
Tangible Book Value	189,200	141,667	134,656	133,691	142,116
Tangible Book Value Per Share	44.30	33.19	31.32	29.82	29.37
Buildings	-	94,531	84,147	83,623	83,358
Machinery	-	82,509	71,463	82,157	80,840
Construction In Progress	-	60,185	54,264	48,655	43,094

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.