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Overview
- Net profit reached roughly US$2.6–2.7 billion (R$14.6 billion), up about 11% year over year, on net revenue of US$10.4 billion, up 9%.
- Adjusted EBITDA climbed to US$4.3 billion, a 21% increase from the prior-year quarter.
- Expanded net debt stood at US$16.6 billion, about 1% higher year over year, with the metric incorporating Brumadinho-related reparations; the company said it fell by US$0.8 billion versus Q2 on strong free cash flow.
- Iron ore output reached its highest quarterly level since 2018 and copper recorded its best third quarter since 2019, supporting operational performance.
- 2025 all-in cost guidance was cut to US$1,000–1,500/ton for copper and US$13,000–14,000/ton for nickel, driven by operational gains and higher gold byproduct prices, and the company reported no dams at level-3 emergency status.