Equity (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Disclosure Equity Abstract |
|
| Schedule of share capital |
| Schedule of share
capital |
|
|
|
| |
December 31, 2025 |
| Previ (i) |
381,002,396 |
– |
381,002,396 |
| Mitsui&co (i) |
286,347,055 |
– |
286,347,055 |
| Blackrock, Inc (ii) |
267,178,371 |
– |
267,178,371 |
| Total shareholders with more than 5% of capital |
934,527,822 |
– |
934,527,822 |
| Free floating |
3,334,252,319 |
– |
3,334,252,319 |
| Golden
shares (iii) |
– |
12 |
12 |
| Total outstanding (without shares in treasury) |
4,268,780,141 |
12 |
4,268,780,153 |
| Shares in treasury |
270,227,427 |
– |
270,227,427 |
| Total capital |
4,539,007,568 |
12 |
4,539,007,580 |
(i) Number of shares owned by shareholders, as per statement
provided by the custodian, based on shares listed at B3.
(ii) Number of shares as reported in BlackRock, Inc.’s
Schedule 13G/A, filed with the SEC.
(iii) Number of special class preferred shares ("golden
shares") held by the Brazilian Federal Government, which grants it limited veto power over certain Company resolutions, as well as
the right to elect and dismiss one member to the Fiscal Council.
|
| Schedule of cancelation of treasury shares |
| Schedule of cancelation of treasury shares |
|
|
| |
Number of canceled shares |
Carrying amount |
| Cancellation approved on March 2, 2023 |
239,881,683 |
4,164 |
| Year ended December 31, 2023 |
239,881,683 |
4,164 |
|
| Schedule of share buyback program |
| Schedule of share buyback program |
|
|
|
|
|
|
| |
Total of shares repurchased |
Effect on cash flows |
| Year ended December 31, |
2025 |
2024 |
2023 |
2025 |
2024 |
2023 |
| Shares buyback program up to 150,000,000 shares (i) |
|
|
|
|
|
|
| Acquired by Parent |
- |
18,251,159 |
1,500,000 |
- |
240 |
22 |
| Acquired by wholly owned subsidiaries |
- |
12,672,414 |
1,500,000 |
- |
169 |
22 |
| |
- |
30,923,573 |
3,000,000 |
- |
409 |
44 |
| |
|
|
|
|
|
|
| Shares buyback program up to 500,000,000 shares (ii) |
|
|
|
|
|
|
| Acquired by Parent |
- |
- |
93,638,352 |
- |
- |
1,378 |
| Acquired by wholly owned subsidiaries |
- |
- |
88,058,750 |
- |
- |
1,292 |
| |
- |
- |
181,697,102 |
- |
- |
2,670 |
| |
|
|
|
|
|
|
| Shares buyback program |
- |
30,923,573 |
184,697,102 |
- |
409 |
2,714 |
(i) On October 26, 2023 a new share buyback
program limited to a maximum of 150,000,000 common shares and their respective ADRs, for a period of up to 18 months. The program was
terminated in 2025.
(ii) On April 27, 2022, the Board of Directors
approved the common share repurchase program, limited to a maximum of 500,000,000 common shares or their respective ADRs, for a period
of up to 18 months. The program was terminated in 2023.
|
| Schedule of profit distribution |
| Schedule of profit distribution |
|
|
|
| |
2025 |
2024 |
2023 |
| Net income of the year |
2,352 |
6,166 |
7,983 |
| Appropriation to tax incentive reserve |
(560) |
(392) |
(891) |
| Net income after appropriations to tax incentive reserve |
1,792 |
5,774 |
7,092 |
| |
|
|
|
| Minimum remuneration to shareholders (i) |
527 |
1,698 |
2,042 |
| |
|
|
|
| Additional remuneration according to shareholders remuneration policy (ii) |
2,800 |
1,394 |
2,066 |
| Additional remuneration beyond the shareholders remuneration policy (iii) |
1,000 |
500 |
2,000 |
| Additional remuneration beyond the mandatory minimum: |
3,800 |
1,894 |
4,066 |
| From the net income for the year |
1,265 |
1,894 |
4,066 |
| From the profit reserves |
2,535 |
- |
- |
| |
|
|
|
| Total remuneration to shareholders |
4,327 |
3,592 |
6,108 |
| Appropriation to statutory reserve |
- |
2,182 |
984 |
(i) Mandatory minimum remuneration corresponding
to 25% of the net income after appropriations to legal reserve and tax incentive reserve, according to Vale S.A.’s by-laws.
(ii) According to the Vale S.A.'s shareholders
remuneration policy, minimum remuneration to Vale S.A.'s shareholders is calculated based on 30% of the adjusted EBITDA (as defined in
note 3) less sustaining capital investments, which represented US$4,371 (2024: US$4,538 and 2023: US$4,269) for the year ended December
31, 2025. Therefore, the additional remuneration to comply with the policy was US$2,800.
(iii) In addition, the Board of Directors
approved dividends beyond the policy calculation in the amount of US$1,000, totaling US$4,327 in remuneration to shareholders.
|
| Schedule of dividends reconciliation |
| Schedule of remuneration approved |
|
|
|
|
| |
Approval date |
Payment date |
Remuneration per share (US$) |
Total amount approved |
| Dividends related to fiscal year 2022 |
2/16/2023 |
3/22/2023 |
0.352 |
1,569 |
| Interest on capital (JCP) related to fiscal year 2023 |
7/27/2023 |
9/1/2023 |
0.403 |
1,744 |
| Dividends and interest on capital (JCP) related to fiscal year 2023 |
10/26/2023 |
12/1/2023 |
0.465 |
2,000 |
| |
|
|
|
5,313 |
| Dividends related to fiscal year 2023 |
2/22/2024 |
3/19/2024 |
0.538 |
2,364 |
| Interest on capital (JCP) related to fiscal year 2024 |
7/25/2024 |
9/4/2024 |
0.376 |
1,608 |
| Interest on capital (JCP) related to fiscal year 2024 |
11/28/2024 |
3/14/2025 |
0.091 |
388 |
| |
|
|
|
4,360 |
| Dividends related to fiscal year 2024 |
2/19/2025 |
3/14/2025 |
0.347 |
1,596 |
| Interest on capital (JCP) related to fiscal year 2025 |
7/31/2025 |
9/3/2025 |
0.339 |
1,448 |
| Dividends and interest on capital (JCP) related to fiscal year 2025 |
11/27/2025 |
3/4/2026 |
0.440 |
1,879 |
| Dividends related to fiscal year 2025 |
11/27/2025 |
1/7/2026 |
0.234 |
1,000 |
| |
|
|
|
5,923 |
e.i) Dividends reconciliation
| Schedule of dividends reconciliation |
|
| |
Total |
| December 31, 2024 |
330 |
| Addition by decision of the Board of Directors in relation to the previous fiscal year |
1,596 |
| Addition by decision of the Board of Directors in anticipation of current year remuneration |
4,327 |
| Withholding Income Tax on Interest on Equity |
(323) |
| Payment |
(3,238) |
| Prescribed remuneration |
(2) |
| Translation adjustment |
(41) |
| December 31, 2025 |
2,651 |
|
| Schedule of dividends reconciliation |
| Schedule of dividends reconciliation |
|
| |
Total |
| December 31, 2024 |
330 |
| Addition by decision of the Board of Directors in relation to the previous fiscal year |
1,596 |
| Addition by decision of the Board of Directors in anticipation of current year remuneration |
4,327 |
| Withholding Income Tax on Interest on Equity |
(323) |
| Payment |
(3,238) |
| Prescribed remuneration |
(2) |
| Translation adjustment |
(41) |
| December 31, 2025 |
2,651 |
|
| Schedule of profit reserves |
| Schedule of profit reserves |
|
|
|
|
|
|
| |
Legal reserve |
Tax incentive reserve |
Statutory reserve |
Retained earnings reserve |
Additional remuneration reserve |
Total of profit reserves |
| Balance as of December 31, 2022 |
2,964 |
4,416 |
9,349 |
3,578 |
437 |
20,744 |
| Allocation of income |
- |
891 |
984 |
- |
2,364 |
4,239 |
| Deliberated dividends and interest on capital of Vale's shareholders |
- |
- |
- |
- |
(437) |
(437) |
| Treasury shares cancellation |
- |
- |
(4,164) |
- |
- |
(4,164) |
| Translation adjustment |
230 |
383 |
604 |
278 |
- |
1,495 |
| Balance as of December 31, 2023 |
3,194 |
5,690 |
6,773 |
3,856 |
2,364 |
21,877 |
| Allocation of income |
- |
392 |
2,182 |
- |
1,596 |
4,170 |
| Deliberated dividends and interest on capital of Vale's shareholders |
- |
- |
- |
- |
(2,364) |
(2,364) |
| Translation adjustment |
(696) |
(1,308) |
(2,162) |
(841) |
- |
(5,007) |
| Balance as of December 31, 2024 |
2,498 |
4,774 |
6,793 |
3,015 |
1,596 |
18,676 |
| Allocation of income |
- |
560 |
- |
- |
- |
560 |
| Deliberated dividends and interest on capital of Vale's shareholders |
- |
- |
- |
(2,535) |
(1,596) |
(4,131) |
| Translation adjustment |
313 |
597 |
852 |
615 |
- |
2,377 |
| Balance as of December 31, 2025 |
2,811 |
5,931 |
7,645 |
1,095 |
- |
17,482 |
|