Vale Posts US$ 3.8B Loss as Nickel Writedown Overshadows Record Operations

2026-02-13 - 09:25

3 Key Points — Net loss of $3.8 billion (~R$ 19.8B) in 4Q25 was driven by a $3.5 billion (~R$ 18.2B) impairment on Canadian nickel assets and a $2.8 billion (~R$ 14.6B) deferred tax writedown — both non-cash charges that masked an otherwise strong operational quarter. — Proforma EBITDA reached $4.8 billion (~R$ 25.0B), up