PT Vale Indonesia Tbk (IDX:INCO)

PT Vale Indonesia Tbk Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,036	990.2	950.39	1,232	1,179	953.17
Revenue Growth (YoY)	11.80%	4.19%	-22.88%	4.48%	23.74%	24.64%
Cost of Revenue	888.26	879.34	842.16	885.24	865.89	704.32
Gross Profit	148.08	110.85	108.23	347.02	313.57	248.85
Selling, General & Admin	53.19	52.18	38.25	22.16	19.73	17.69
Other Operating Expenses	20.97	20.2	7.89	19.72	20.94	10.44
Operating Expenses	74.16	72.39	46.14	41.88	40.67	28.13
Operating Income	73.92	38.47	62.09	305.15	272.9	220.72
Interest Expense	-3.28	-3.2	-3.34	-6.95	-3.82	-2.76
Interest & Investment Income	33.17	37.26	36.2	35.75	10.67	2.71
Earnings From Equity Investments	0.52	0.61	0.06	0.02	-	-
Currency Exchange Gain (Loss)	3.46	-	-	-2.86	0.58	1.05
Other Non Operating Income (Expenses)	-	16.57	-19.94	24.69	-	-
EBT Excluding Unusual Items	107.78	89.71	75.06	355.8	280.33	221.73
Gain (Loss) on Sale of Investments	6.68	6.68	1.35	-	-	-
Gain (Loss) on Sale of Assets	-2.27	-1.85	-2.35	-3.28	-4.53	-1.08
Pretax Income	112.19	94.53	74.06	352.52	275.8	220.65
Income Tax Expense	14.31	18.47	16.3	78.19	75.42	54.85
Net Income	97.88	76.06	57.76	274.33	200.38	165.8
Net Income to Common	97.88	76.06	57.76	274.33	200.38	165.8
Net Income Growth	33.42%	31.69%	-78.94%	36.91%	20.86%	100.19%
Shares Outstanding (Basic)	10,540	10,540	10,241	9,936	9,936	9,936
Shares Outstanding (Diluted)	10,540	10,540	10,241	9,936	9,936	9,936
Shares Change (YoY)	1.42%	2.91%	3.07%	-	-	-
EPS (Basic)	0.01	0.01	0.01	0.03	0.02	0.02
EPS (Diluted)	0.01	0.01	0.01	0.03	0.02	0.02
EPS Growth	31.55%	27.97%	-79.58%	36.91%	20.86%	100.20%
Free Cash Flow	-335.37	-251.16	-124.64	134.9	129.38	153.98
Free Cash Flow Per Share	-0.03	-0.02	-0.01	0.01	0.01	0.01
Dividend Per Share	-	-	0.003	-	0.006	-
Gross Margin	14.29%	11.20%	11.39%	28.16%	26.59%	26.11%
Operating Margin	7.13%	3.89%	6.53%	24.76%	23.14%	23.16%
Profit Margin	9.45%	7.68%	6.08%	22.26%	16.99%	17.39%
Free Cash Flow Margin	-32.36%	-25.36%	-13.11%	10.95%	10.97%	16.16%
EBITDA	229.84	202.34	221.51	473.9	435.78	376.93
EBITDA Margin	22.18%	20.43%	23.31%	38.46%	36.95%	39.55%
D&A For EBITDA	155.92	163.87	159.42	168.76	162.88	156.21
EBIT	73.92	38.47	62.09	305.15	272.9	220.72
EBIT Margin	7.13%	3.89%	6.53%	24.76%	23.14%	23.16%
Effective Tax Rate	12.75%	19.54%	22.01%	22.18%	27.35%	24.86%

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