Vale S.A. reported a net income of $6.226 billion for the nine-month period ending September 30, 2025, down from $6.847 billion in 2024, primarily due to decreased revenue and operational costs. Key highlights include a 2.1% drop in operating revenue to $27.343 billion, driven by lower average realized prices of iron ore and pellets, but offset by increased sales volumes of nickel and copper.