Vale S.A. (VALE3, NYSE: VALE), one of the world's largest **Iron Ore** producers, reported a net profit of $1.38 billion for the second quarter of 2026, marking a 35% year-over-year decline that was largely offset for investors by a major new capital allocation program. The results, published after the close of trading, present a mixed picture: while net income fell due to financial effects like derivatives and taxes, the company's core profitability, measured by adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) excluding non-recurring items, landed above analyst expectations at $4.07 billion. This financial nuance, combined with an announcement to return capital to shareholders, contributed to the Brazilian miner's strong performance on the B3, with the **VALE3** ticker trading at 76.09, up 1.39% following the news. The broader **Ibovespa today** rose 1.88% to 177,158.86.