v3.26.1
Consolidated Income Statement - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Profit or loss [abstract]      
Net operating revenue $ 38,403 $ 38,056 $ 41,784
Cost of goods sold and services rendered (24,947) (24,265) (24,089)
Gross profit 13,456 13,791 17,695
Operating expenses      
Selling and administrative (641) (622) (553)
Research and development (693) (790) (723)
Pre-operating and operational stoppage (268) (403) (450)
Other operating expenses, net (1,358) (1,489) (1,498)
Impairment and result on disposals of non-current assets, net (4,599) 301 (266)
Operating income 5,897 10,788 14,205
Financial income 501 422 432
Financial expenses (1,647) (1,473) (1,459)
Other financial items, net 120 (2,772) (919)
Equity results and other results in associates and joint ventures (218) (269) (1,108)
Income before income taxes 4,653 6,696 11,151
Income taxes (2,670) (721) (3,046)
Net income 1,983 5,975 8,105
Net income (loss) attributable to noncontrolling interests (369) (191) 122
Net income attributable to Vale S.A.'s shareholders $ 2,352 $ 6,166 $ 7,983