The company strengthens its capital structure, advances reparation efforts, and remains focused on operational safety
Samarco closed 2025 with financial results driven by net revenue of US$ 1.898 billion and adjusted EBITDA of US$ 1.087 billion, compared with US$ 834 million the previous year (30.3% growth), figures that reflect greater operational stability and cost discipline. The figures for the last quarter and for the full year were released this Thursday (12) in an investor webcast, which also covered the key highlights of the Financial Statements.
The year’s financial performance reflects, among other factors, the successful ramp-up of operations to 60% of installed capacity. Annual production totaled 15.1 million tons of iron ore pellets and fines, the highest volume since operations resumed in 2020. Sales reached 15.9 million tons, a 68% increase over 2024.
Delivering on its projections reinforces the company’s operational predictability and discipline. Samarco President Rodrigo Vilela highlights that 2025 was a decisive period. “We kept our focus on what is within our control: operating safely, taking care of our people, delivering on the business plan, and moving forward on our long-term commitments. We completed the phase 2 ramp-up, stabilized the plants, and strengthened our cash generation,” he said.
“With the strong cash generation and operational stability achieved, we were able to make significant improvements. In addition, the completion of the Judicial Reorganization marked the end of a period of financial and regulatory reorganization, reinforcing the company’s corporate governance and long-term execution capacity,” said Finance, Strategy, and Procurement Director Gustavo Selayzim.
Samarco continues to move forward in preparing to return to 100% of installed capacity starting in 2028. To do so, it will invest BRL 13.8 billion, already approved by the Board of Directors at the end of last year, the largest amount ever invested by the company in its history.
“All these results, combined with solid and responsible management, create a strong foundation for executing the next phase. We will resume our full capacity, and we will remain in close dialogue with the territories where we operate, focused on safety and without tailings dams in our operations,” Vilela commented.
Health and safety
In 2025, the company achieved a Total Recordable Injury Frequency Rate (TRIFR) of 0.63, outperforming the global industry benchmark of 0.91. The lost-time accident (LTA) rate ended the year at 0.13, reinforcing the strength of operational controls.
The company also maintained 100% compliance in its dam stability reports, in addition to fully renewing its Stability Condition Declarations (DCE) and Compliance and Operability Declarations (DCO). The entire operation remained aligned with the Global Industry Standard for Tailings Management (GISTM), a global standard that guides mining companies in the safe management of tailings dams, reinforcing safety, governance, and transparency practices to prevent accidents.
The decommissioning of the Germano Dam is at an advanced stage and is expected to be completed by 2027, ahead of the originally established legal deadline of 2029.
Tangible progress in reparation
Addressing the impacts of the Fundão dam collapse continued to be a central pillar of Samarco’s work in 2025. Throughout the year, the company completed the first full cycle of implementation of the New Rio Doce Agreement, strengthening a more efficient, transparent, and direct model.
The dissolution of the Renova Foundation was completed, establishing a transition to the direct execution of actions by Samarco, which, in 2025, allocated about US$ 4 billion in obligations to perform and approximately US$ 2 billion in payment obligations.
In 2025, there was significant progress in compensation, the completion of the resettlement works that were underway before the New Agreement was ratified, in addition to environmental recovery initiatives focused on forest restoration, improving water quality, and continuous monitoring of the Rio Doce Basin. These advances reinforce Samarco’s ongoing commitment to definitive reparation centered on communities and the environment.
Credits: Daniel Mansur
