Vale S.A. Balance Sheet

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	26,540	40,563	30,671	17,474	24,711	65,409
Short-Term Investments	-	-	-	-	-	1,028
Trading Asset Securities	1,012	1,066	331	250	320	-
Cash & Short-Term Investments	27,552	41,629	31,002	17,724	25,031	66,437
Cash Growth	20.00%	34.28%	74.91%	-29.19%	-62.32%	-10.38%
Accounts Receivable	12,533	12,639	14,600	20,317	22,537	21,840
Other Receivables	6,849	8,280	6,811	4,355	6,639	4,809
Receivables	19,617	20,919	21,411	24,672	29,176	26,649
Inventory	32,020	32,666	28,513	22,679	23,386	24,429
Other Current Assets	8,238	5,431	2,550	25,454	3,416	7,285
Total Current Assets	87,427	100,645	83,476	90,529	81,009	124,800
Property, Plant & Equipment	238,351	240,040	247,594	234,302	234,472	233,995
Long-Term Investments	27,243	27,674	28,158	9,061	9,417	9,804
Goodwill	-	7,136	18,811	15,799	16,643	17,905
Other Intangible Assets	48,863	42,125	46,294	40,510	36,778	32,382
Long-Term Deferred Tax Assets	31,415	34,761	51,050	46,307	56,195	63,847
Other Long-Term Assets	22,606	23,713	20,942	19,476	18,873	16,395
Total Assets	457,173	476,094	496,325	455,984	453,387	499,128
Accounts Payable	28,657	30,621	26,217	25,523	23,278	19,393
Accrued Expenses	5,166	6,234	6,266	4,665	6,149	5,106
Current Portion of Long-Term Debt	3,117	2,847	6,316	3,986	1,604	5,744
Current Portion of Leases	837	884	907	954	948	976
Current Income Taxes Payable	1,777	6,109	5,743	8,432	1,156	12,150
Current Unearned Revenue	-	-	-	-	6,169	9,352
Other Current Liabilities	30,958	40,625	35,606	27,388	33,174	32,093
Total Current Liabilities	70,512	87,320	81,055	70,948	72,478	84,814
Long-Term Debt	105,494	109,335	99,009	70,301	70,955	81,301
Long-Term Leases	2,510	2,794	3,507	6,075	7,041	7,966
Long-Term Unearned Revenue	10,240	10,831	11,651	9,499	21,737	17,944
Pension & Post-Retirement Benefits	6,264	6,680	6,925	6,688	6,572	8,556
Long-Term Deferred Tax Liabilities	426	588	2,757	4,210	7,372	10,494
Other Long-Term Liabilities	65,812	69,620	77,701	89,938	72,338	90,995
Total Liabilities	261,258	287,168	282,605	257,659	258,493	302,070
Common Stock	77,300	77,300	77,300	77,300	77,300	77,300
Retained Earnings	99,165	96,179	114,889	106,181	108,213	87,621
Treasury Stock	-13,149	-19,781	-19,785	-17,739	-25,675	-29,189
Comprehensive Income & Other	27,900	30,601	34,368	25,223	27,274	56,671
Total Common Equity	191,216	184,299	206,772	190,965	187,112	192,403
Minority Interest	4,699	4,627	6,948	7,360	7,782	4,655
Shareholders' Equity	195,915	188,926	213,720	198,325	194,894	197,058
Total Liabilities & Equity	457,173	476,094	496,325	455,984	453,387	499,128
Total Debt	111,958	115,860	109,739	81,316	80,548	95,987
Net Cash (Debt)	-84,406	-74,231	-78,737	-63,592	-55,517	-29,550
Net Cash Per Share	-19.74	-17.36	-18.40	-14.55	-11.96	-5.89
Filing Date Shares Outstanding	4,265	4,269	4,269	4,300	4,483	4,840
Total Common Shares Outstanding	4,265	4,269	4,269	4,300	4,483	4,840
Working Capital	16,915	13,325	2,421	19,581	8,531	39,986
Book Value Per Share	44.84	43.17	48.44	44.41	41.74	39.76
Tangible Book Value	142,353	135,038	141,667	134,656	133,691	142,116
Tangible Book Value Per Share	33.38	31.63	33.19	31.32	29.82	29.37
Land	3,566	-	-	-	-	-
Buildings	-	99,632	94,531	-	83,623	83,358
Machinery	86,058	84,205	82,509	-	82,157	80,840
Construction In Progress	51,369	57,539	60,185	-	48,655	43,094

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