Samarco, a joint venture between mining companies Vale and BHP, recorded a net loss of US$328.5 million in the second quarter of 2026, compared to a negative result of US$1.69 billion a year earlier. According to the company, the result was mainly affected by the financial result, which continues to be strongly influenced by obligations related to repairs and exchange rate effects on liabilities.
Samarco records net loss of US$328.5 million in the 2nd quarter of 2026
Samarco, a joint venture between mining companies Vale and BHP, recorded a net loss of US$328.5 million in the second quarter of 2026, compared to a negative result of US$1.69 billion a year earlier. According to the company, the result...
Net revenue totaled US$469.7 million between April and June, practically stable compared to the US$469.9 million recorded in the same period in 2025. In comparison with the first quarter, however, there was an increase of 16%, with the recovery in sales volumes.
- Product sales totaled 3.9 million tons in the second quarter, an increase of 23% compared to the previous quarter and a drop of 1% compared to the same period in 2025.
- Samarco's adjusted EBITDA was US$234.7 million in the second quarter, down 18% compared to a year before, mainly affected by higher costs.
Editorial reading aid based only on information contained in this story and its identified source.
In the first quarter of 2026, Samarco had recorded a loss of US$1.12 billion.
Net revenue totaled US$469.7 million between April and June, practically stable compared to the US$469.9 million recorded in the same period in 2025. In comparison with the first quarter, however, there was an increase of 16%, with the recovery in sales volumes.
Product sales totaled 3.9 million tons in the second quarter, an increase of 23% compared to the previous quarter and a drop of 1% compared to the same period in 2025.
Samarco's adjusted EBITDA was US$234.7 million in the second quarter, down 18% compared to a year before, mainly affected by higher costs. In comparison with the first quarter, however, the indicator increased 22%, benefiting from the recovery in sales volumes.
Read Also: Amid tensions and the 'Trump effect', exports remain concentrated