Financial Data and Key Metrics Changes - In Q4 2025, Vale's pro forma EBITDA reached $4.8 billion, a 17% increase year-on-year and a 10% increase quarter-on-quarter, primarily driven by strong performance in Vale Base Metals and favorable pricing conditions for copper and by-products [15] - The all-in cost for iron ore reached $54.3 per ton in Q4, averaging $54.2 per ton for 2025, reflecting a downward trajectory in C1 cash costs [17][18] - Recurring free cash flow generation reached approximately $1.7 billion in Q4, more than double compared to the previous year [19] Business Line Data and Key Metrics Changes - Iron ore production reached 336 million tons in 2025, a 3% increase year-on-year, driven by low capital-intensive projects and strong performance in Brucutu and S11D [9] - Vale Base Metals achieved double-digit production growth in both copper and nickel, with copper production reaching 382,000 tons (10% increase year-on-year) and nickel production reaching 177,000 tons (11% increase year-on-year) [10] - Cost reductions were achieved across all commodities, with copper all-in costs decreasing to -$0.90 per ton, the lowest in the business's history, and nickel all-in costs declining by 35% year-on-year to $9,000 per ton [18][19] Market Data and Key Metrics Changes - The company noted a decline in iron ore fines price realization due to lower market premiums and mix optimization, but premiums for flagship products remained resilient [41][42] - China continues to import record levels of iron ore despite indications of peak steel consumption, suggesting a complex market environment for iron ore pricing [78] Company Strategy and Development Direction - Vale's strategy focuses on operational excellence and adding high-quality growth projects, particularly in copper and iron ore, with the Novo Carajás program aimed at doubling copper output [5][12] - The company is committed to disciplined capital allocation, with a long-term CapEx guidance below $6 billion, while also focusing on shareholder remuneration [12][22] - The management emphasized the importance of flexibility in product portfolio management to maximize value creation in the iron ore business [10][42] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver strong results in 2026, supported by operational discipline and efficiency initiatives [12][19] - The company is optimistic about the future, highlighting the essential role of mining in energy transition and AI, positioning Vale to play a key role in these developments [24] Other Important Information - Vale achieved a 21% reduction in high potential incidents, reflecting improvements in safety culture [6] - The company fulfilled commitments regarding tailings dams, achieving a 77% reduction in structures at any emergency level compared to 2020 [7] Q&A Session Questions and Answers Question: Regarding the strong results from Vale Base Metals and cost performance - Management acknowledged the strong cost performance and discussed ongoing improvements and sustainability initiatives, emphasizing a focus on operational execution and cost discipline [30][31] Question: On the strategic value of copper assets and market recognition - Management highlighted the growth potential within Vale's copper assets and the importance of demonstrating operational excellence to gain market recognition [33][34] Question: About the dynamics of iron ore pricing and realized prices - Management explained the decline in realized prices was due to lower market premiums and emphasized the importance of optimizing contribution margins across the supply chain [40][42] Question: On nickel business cost reduction strategies - Management discussed the need for a track record of execution and highlighted specific initiatives aimed at reducing costs and improving asset reliability [43][49] Question: Updates on Fábrica and Viga operations and safety measures - Management reported limited impact from recent incidents and ongoing efforts to enhance resilience against climate change [57][59] Question: On the commercial strategy and iron ore pricing - Management clarified that blending strategies would not be negatively impacted by competitors and discussed the importance of maintaining flexible pricing strategies [66][68]

It include risks and uncertainties relating to the following : To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM) and in particular the factors discussed under "Forward -Looking Statements" and "Risk Factors" in Vale's annual report on Form 20 - F . " Disclaimer 2 Vale's 4Q25 Performance Feb. 13th, 2026 "This p ...

Financial Data and Key Metrics Changes - In Q4 2025, Vale's pro forma EBITDA reached $4.8 billion, a 17% increase year-on-year and a 10% increase quarter-on-quarter, primarily driven by strong performance in Vale Base Metals and favorable pricing conditions for copper and by-products [13][14] - The all-in cost for iron ore reached $54.3 per ton in Q4, averaging $54.2 per ton for 2025, reflecting a downward trajectory in C1 cash costs and gains from long-term affreightment strategy [16][20] - Recurring free cash flow generation reached approximately $1.7 billion in Q4, more than double compared to the previous year [18] Business Line Data and Key Metrics Changes - Iron ore production reached 336 million tons in 2025, a 3% increase year-on-year, driven by low capital-intensive projects and solid performance in Brucutu and S11D [7][9] - Vale Base Metals achieved double-digit production growth in both copper and nickel, with copper production reaching 382,000 tons (10% increase year-on-year) and nickel production reaching 177,000 tons (11% increase year-on-year) [9][10] - Cost reductions were noted across all commodities, with copper all-in costs decreasing to -$900 per ton, the lowest in the business's history, and nickel all-in costs declining by 35% year-on-year to $9,000 per ton [17][19] Market Data and Key Metrics Changes - The company anticipates crude steel production in China for 2026 to remain at the same level as the previous year, supported by infrastructure and manufacturing [81] - The market is seeing a decline in premiums for iron ore fines, primarily due to lower market premiums and mix optimization, but the flagship products maintained resilient premiums [40][42] Company Strategy and Development Direction - Vale's strategy focuses on operational excellence and adding high-quality growth projects, particularly in copper and iron ore, with the Novo Carajás program aimed at doubling copper output [4][6] - The company emphasizes a disciplined approach to capital allocation, with a long-term CapEx guidance below $6 billion, while also ensuring attractive shareholder returns [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for 2026, highlighting strong operational performance and the ability to deliver on guidance [7][22] - The company is focused on unlocking value from existing assets while positioning for growth opportunities, particularly in the context of energy transition and AI [23][24] Other Important Information - Vale achieved a 21% reduction in high potential incidents, reflecting improvements in safety culture [5] - The company has made significant progress on reparation efforts, reaching 81% execution of the Brumadinho agreement and disbursing BRL 73 billion under the Mariana agreement [6] Q&A Session Summary Question: Regarding the strong results from Vale Base Metals and cost performance - Management acknowledged the strong by-product credits influencing costs and highlighted ongoing bottom-up initiatives to improve cost performance [30][31] Question: On the strategic value of copper assets and potential IPO discussions - Management noted the market's growing appreciation for the base metals business and emphasized the importance of demonstrating growth potential before considering any capital market transactions [34][36] Question: About the dynamics of iron ore pricing and realized prices - Management explained that the decline in realized prices was due to lower market premiums and emphasized the importance of optimizing contribution margin across the supply chain [40][42] Question: On nickel cash costs and operational goals - Management detailed ongoing initiatives to reduce costs in the nickel business, focusing on asset integrity and reliability to achieve cash flow breakeven [45][50] Question: Regarding developments at Fábrica and Vega operations - Management reported limited impact from sediment overflow incidents and ongoing efforts to enhance resilience against climate change [59][61] Question: On the status of restricted AUM and ESG improvements - Management indicated that approximately $1.5 trillion of assets have been unlocked since the incidents, with ongoing efforts to improve ESG ratings and investor relations [63][64]

Economic Indicators - The U.S. consumer price index rose by 0.2 percent in January, lower than the expected 0.3 percent increase, following a 0.3 percent rise in December [2][20] - The annual growth rate of consumer prices slowed to 2.4 percent in January from 2.7 percent in December, below the anticipated 2.5 percent [2][20] - Core consumer prices, excluding food and energy, increased by 0.3 percent in January, matching expectations, while the annual growth rate dipped to 2.5 percent from 2.6 percent [3][21] Stock Market Reactions - Major U.S. stock indices experienced a sell-off, with the Nasdaq dropping 469.32 points (2.0 percent), the S&P 500 falling 108.71 points (1.6 percent), and the Dow declining 669.42 points (1.3 percent) [5] - The sell-off was partly driven by concerns regarding the impact of artificial intelligence on various industries, including financial, transportation, logistics, and commercial real estate [6][8] - Cisco Systems saw a significant drop of 12.3 percent after reporting better-than-expected fiscal second-quarter results but providing disappointing guidance for the current quarter [6] Sector Performance - The NYSE Arca Networking Index fell by 3.0 percent, influenced by Cisco's performance [7] - Gold stocks experienced substantial weakness, with the NYSE Arca Gold Bugs Index declining by 6.9 percent due to a drop in gold prices [7] - Transportation stocks also faced significant declines, with the Dow Jones Transportation Index plunging by 4.0 percent amid AI concerns [7] International Market Impact - Asian stocks followed Wall Street lower, with concerns over AI's impact on various sectors influencing investor sentiment [12] - European stocks showed mixed results, with the French CAC 40 Index down by 0.3 percent, while the U.K.'s FTSE 100 Index and the German DAX Index rose by 0.1 percent and 0.3 percent, respectively [18]

United States Securities and Exchange Commission Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of February 2026 Vale S.A. Praia de Botafogo nº 186, 18º andar, Botafogo 22250-145 Rio de Janeiro, RJ, Brazil (Address of principal executive office) (Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.) (Check One) Form 20-F x Form 40-F ¨ | In ...

Core Viewpoint - Vale S.A. is anticipated to report year-over-year growth in revenues and earnings for Q4 2025, with sales expected to reach $10.75 billion, a 6% increase from the previous year, and earnings per share projected to grow by 185% to 57 cents [1][4]. Financial Performance - The Zacks Consensus Estimate for Vale's sales is $10.75 billion, indicating a 6% increase from the year-ago quarter [1]. - The consensus estimate for earnings has increased by 24% over the past 60 days to 57 cents per share, reflecting a solid 185% year-over-year growth [1]. - Vale's earnings performance has been mixed, with two earnings misses and two beats in the last four quarters, averaging a surprise of 1.99% [2][3]. Production and Sales Insights - Iron ore production rose by 6% year-over-year to approximately 90.4 million tons, driven by strong performance at the Brucutu plant and ramp-up of the Capanema and VGR1 projects [6]. - Total iron ore sales increased by 4.5% year-over-year to 84.9 million tons, with iron ore fines sales up 5.2% to 73.6 million tons [7]. - Nickel production was 46.2 thousand tons, up 1.5% year-over-year, while copper production increased by 6% to 108.1 thousand tons [8]. Pricing Trends - The average realized price for iron ore fines was $95.4 per ton, up 2.6% year-over-year, while realized prices for iron ore pellets declined by 8% to $131.4 per ton [7]. - The average realized price for copper operations was $11,003 per ton, reflecting a 19.8% year-over-year increase [9]. Market Position and Valuation - Vale's shares have gained 75.6% over the past year, outperforming the industry average of 75.4% and other major iron miners [11]. - The stock is trading at a forward 12-month price/sales ratio of 1.87, which is a premium compared to the industry's 1.43 [12]. Strategic Outlook - Vale plans to invest $4 billion in capital expenditures for its Iron Ore Solutions business in 2026 and $3.9 billion annually from 2027, aiming to increase production capacity to 335–345 million tons by 2026 and 360 million tons by 2030 [14]. - The company is also increasing investments in base metals to capitalize on the energy transition, supported by strong cost discipline and declining fixed costs [14][18].

Company Performance - VALE S.A. closed at $16.76, with a daily increase of 1.95%, outperforming the S&P 500's loss of 0.01% [1] - The stock has risen by 25.5% over the past month, significantly higher than the Basic Materials sector's gain of 11% and the S&P 500's gain of 0.78% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.52, representing a 160% increase year-over-year [2] - Revenue is forecasted to be $10.73 billion, indicating a growth of 5.97% compared to the same quarter last year [2] Full-Year Estimates - Full-year estimates predict earnings of $2.07 per share and revenue of $38.01 billion, reflecting year-over-year changes of +13.74% for earnings and 0% for revenue [3] - Recent analyst estimate revisions suggest a positive outlook for the company's business [3] Zacks Rank and Valuation - VALE S.A. is currently rated as Zacks Rank 1 (Strong Buy), with a historical average return of +25% annually for this rating since 1988 [5] - The Forward P/E ratio for VALE is 7.78, aligning with the industry average [6] Industry Metrics - VALE has a PEG ratio of 0.47, matching the average for the Mining - Iron industry, which is part of the Basic Materials sector [7] - The Mining - Iron industry holds a Zacks Industry Rank of 1, placing it in the top 1% of over 250 industries [7][8]

Brazilian miner Vale has halted operations at units that analysts say account for about 2% of its iron ore production outlook for this year after water overflowed at the sites, a securities filing sho... ...

Brazilian iron ore miner Vale confirmed a second water overflow happened over the weekend at its operations in Minas Gerais, a state hit by dam collapses in 2015 and 2019 https://t.co/j9PdBJh8Wv ...

Overflowing water from a mining pit owned by Brazil's miner Vale caused environmental damage as it reached the local Maranhao River, Minas Gerais state government said in a Monday statement. ...