Slide 1: Tax Contribution Report 2025
Slide 2: Contents
Foreword 2 Introduction 4 Our global economic contribution 6 — See Our value chain 8 petty ised see Our approach to 10 Our global tax contribution 7 Regional highlights 20 Financial reconciliations 24 Appendices 26 APPENDIX 1 - Basis of preparation 7 Contents APPENDIX 2 - GRI 207 29 m a ‘ APPENDIX 3
Slide 3: Message from our Executive Vice President of Finance and Investor Relations
= 2025 Tax Contribution Report Message from our Executive Vice President Introduction of Finance and Investor Relations Vale continues to make consistent progress toward its ambition of leading value creation in mining in an ethical and sustainable manner. This positioning is supported by a superior
Slide 4: Introduction
= 2025 Tax Contribution Report orewei coheric conti’ Vallechsin—“Apincht tak Txonebution ora ighlghts: ial Wéconcitions ——_appenaies Introduction Vale is committed to transparent and responsible business practices. This seventh annual report comprehensively details how global operations and tax cont
Slide 5: Key figures for 2025
= 2025 Tax Contribution Report Key figures for 2025 Global Taxes Borne $ 4.9 billion Foreword Economic contribution Taxes Borne $ 4.6 billion (R$ 25.4 billion) Taxes Collected $ 1.3 billion Taxes Collected $1.4 billion (R$ 79 billion) Total Taxes Paid $ 6.2 billion Total Taxes Paid $6.0 bition {R$ 3
Slide 6: Our global economic contribution
ribution ‘Tax Contribution Report Our global Photo: Vale Archive
Slide 7: Our global economic contribution
= 2025 Tax Contribution Report Foreword Introduction Our global economic contribution Over the past decade, we have proudly contributed more than $ 353 billion’ to the jurisdictions and regions where we operate, driving meaningful positive change and fostering sustainable growth In 2025, our direct
Slide 8: Our value chain
Our value sPhoto: Vale Archive
Slide 9: Our value chain
Foreword Introduction fax Contribution Report do along our value chain is guided by a simple belief: that mining can be a force for good. Beyond extracting minerals, we are committed to uplifting the communities we work alongside — through taxes and royalties we pay, the jobs we create, our support
Slide 10: Our approach to tax
Photo: Vale Archive Our approach to tax
Slide 11: Our approach to tax
= 2025 Tax Contribution Report Our approach to tax At Vale, we believe that being responsible in tax and investment matters is fundamental to fulfilling our purpose and to who we are. Mining is an essential driver of economic growth, development and we believe that we can only truly serve society by
Slide 12: Our principles in practice
2025 Tax Contribution Report Our principles in practice The following examples illustrate how our tax principles are integrated into Vale's daily operations and how the company promotes a responsible approach to tax and investment matters. Transparency — Reportings Asa global company, we are subject
Slide 13: Excellence in compliance and Pillar Two
2025 Tax Contribution Report Foreword Introduction Excellence in compliance Asa globally active organization, we meet numerous statutory reporting obligations across all our jurisdictions. Deep knowledge of local and international taxation among our expert professionals and the establishment of cons
Slide 14: Tax Guidelines
= 2025 Tax Contribution Report Tax Guidelines Business structure ‘As our business evolves, so does the regulatory environment around it. We adhere fully to local tax laws in every jurisdiction, structuring our operations with genuine commercial and economic substance aiming to maximize long-term val
Slide 15: Tax transparency and stakeholder engagement
2025 Tax Contribution Report We are constantly monitoring global legislative and industry specific developments around tax transparency disclosure requirements. We are engaged with and consider guidance from global industry organizations, including the ICMM, the EITl and the GRI 207 standard, to str
Slide 16: Tax incentives
= 2025 Tax Contribution Report Foreword Tax incentives We access tax incentives in some of the jurisdictions in which we operate, which are available to all qualifying taxpayers. In some instances, these incentives are contingent upon meeting specific criteria, related to employment or economic acti
Slide 17: Our global tax contribution
Our global tax
Slide 18: Our global tax contribution
= 2025 Tax Contribution Report Our global tax contribution Vale is subject to taxation in the various jurisdictions where we operate. The tax legislations in these jurisdictions may differ; nevertheless, our approach to tax, as settled in our Approach to Tax section, is applied consistently worldwid
Slide 19: Payments by jurisdiction
= 2025 Tax contribution Report Foreword introduction _Economiccontibution valuechsin approach to tax Reginelhighights. Financalrecondlitions. appendices Payments by jurisdiction — Amounts in $ thousand Taxes borne Taxes collected Corporate payroll Taxeson Taxes on products Taxes on Taser on toxee «t
Slide 20: Foreword troduction Economic contribution _Valuechain Approach totax -Taxcontribution —(Regionalhighlights) Financial…
= 2025 Tax Contribution Report Foreword troduction Economic contribution _Valuechain Approach totax -Taxcontribution —(Regionalhighlights) Financial reconciliations Appendices
Slide 21: Regional highlights
2025 Tax Contribution Report Regional highlights Vale operates acros unique cultural, social and economic landscape. Yet one thing remains constant: a steadfast commitment to sustainable practices and a genuine sense of responsibility toward every community it serves. diverse regions, each with its
Slide 22: South America
g <= 2 s Phot ‘Tax Contribution Report Foreword ibution Value ach to tax introduction South America in South America for more than 80 years; with our main ome market of Brazil. in the region, we produce dominantly copper and nickel have operate operati iron ore and energy transition metals, pr locat
Slide 23: North America
2025 Tax Contribution Report North Amet a Vale's primary operations in North America are rooted in Canada, where the company has built a longstanding and proud presence. The main output from these operations is high-quality, low-carbon energy transition metal products, with Vale standing as Canada’s
Slide 24: Financial reconciliations
Slide 25: Financial reconciliations
= 2025 Tax Contribution Report Foreword Introduction Financial reconciliations The income tax expense recorded in our Consolidated Financial Statements reflects the impact on our economic position at year-end according to Vale's results. It is intended to provide an indication of the amount of tax w
Slide 26: Appendices
Contribution Report ° ° c bution n ach tota a bution _Regional highlights
Slide 27: APPENDIX 1 - Basis of preparation
= 2025 Tax Contribution Report APPENDIX 1- Basis of preparation This report has been prepared from data derived from our internal controls over financial reporting and from data recorded in our financial systems, using the same data to prepare our Consolidated Financial Statements. The headline figu
Slide 28: Basis of preparation definitions
2025 Tax Contribution Report Foreword Introduction Economic contribution Valuechain Approach totax Tax contribution Financial reconciliations Regional highlights + Grants and subsidies received: A subsidy is a benefit given by the government to companies in the form of a cash payment or tax reductio
Slide 29: APPENDIX 2 - GRI 207
APPENDIX 2 — GRI 207 2025 Tax Contribution Report Foreword introduction‘ Economiccontribution Value chain Approachtotax Taxcontribution _—Regionalhighlights_ ‘Financial reconciliations (Appendi As part of our journey towards providing our ding a. A description of the approach to tax, including stake
Slide 30: APPENDIX 3 - Glossary
= 2025 Tax Contribution Report APPENDIX 3 - Glossary Adjusted Effective tax rate Income tax expense (or income if applicable) divided by the profit (or loss if applicable) before tax, excluding the influence of exchange rate movements and exceptional items. ‘Arm's length principle The “arm’ length’
Slide 31: APPENDIX 4 - Companies list
2025 Tax contribution Report Foreword Introduction Economic contribution Valuechain—Approachtotar Taxcontbution_Regonalhighights Financ reconliatons APPENDIX 4 — Companies list The table includes all entities that are consolidated in Vale’s Financial Statements in FY 2025. Company Jurisdiction Compa
Slide 32: Companies list (continued)
= 2025 Tax Contribution Report Foreword Introduction Economic contribution Value chain Approachtotax -—-Taxcontribution _—Regional highlights Financial reconciliations (Appendices Company Jurisdiction Company Jurisdiction Company Jurisdiction Company Jurisdiction Vale Carbono Ltda Brazil Vale Explor
Slide 33: APPENDIX 5 - Payments by jurisdiction and level of government
2025 tax contribution Report Foreword introduction Economic contribution Value chain Approach totax Taxcontibution _-Reginalhighlights Financial reonitions APPENDIX 5 — Payments by jurisdiction and level of government Taxes Borne (Values in $ thousands) Corporate income taxes Payroll taxes Taxes on
Slide 34: Taxes Borne
2025 Tax contribution Report Foreword introduction Economiccontribution_Valuechain_Approachtotax ‘Texcontrbution_Reionalhighights. nani econcations Taxes Borne (Values in § thousands) Payroll taxes Taxes on mining Taxes on products and set Other taxes Total ‘Minas Gerais - - 318,924 255,828 1180 575
Slide 35: Taxes Borne (continued)
Foreword introduction Economiccontribuion_Valuechain_Approachtotar Taxcontbution_-Regonalhighights Financ reconliatons values in thousands) Corporate income taxes Payroll taxes Taxes on mining Taxes on products and services Other taxes Total Newfoundland - 5,736 - 1,950 807 8,493 State - 5,736 - 195
Slide 36: Taxes Borne (continued)
= 2025 Tax contribution Report Foreword introduction Economiccontribution_Valuechain. Approach totax—Texcontibtion —_-Reginalhighlights Financial reconliations Taxes Borne (Values in $ thousands) Corporate income taxes Payroll taxes Taxes on mining ‘Taxes on products and services Other taxes Federal
Slide 37: Taxes Borne (continued)
25 Tax Contribution Report Foreword ition Economic contribution Val Tax contribution Taxes Borne (values ins cHoueenae) Corporate income taxes Payroll taxes Other taxes Total Pennsylvania 151 - - - - 151 State 151 - - - - 151 Tennessee 19 - - - - i) State 19 - - - - 19 Texas 6 - - - - 6 State 6 - -
Slide 38: Taxes Borne (continued)
= 2025 Tax Contribution Report Foreword Introduction ‘Economic contribution _—Valuuechain Approach totax _-—‘Taxcontribution _—~Regional highlights Financial reconciliations ‘Taxes Borne values ins thousane) Corporate income taxes Payroll taxes ‘Taxes on products and services Other taxes Total Bueno
Slide 39: Taxes Collected
= 2025 Tax Contribution Report Taxes Collected (Values in $ thousands) Payroll taxes Eze Foreword Introduction Taxes on mining Economiccontribution Value chain Approach to tax Taxes on products and services Tax contribution Regional highlights Financial reconciliations 530961 2 2 409 City - - 409 Ce
Slide 40: Taxes Collected (continued)
= 2025 Tax Contribution Report Foreword Introduction Tax contribution __Regiona Taxes Collected (Values in § thousands) Payroll taxes Taxes on mining Taxes on products and services Other taxes Total Rio Grande do Norte = - 38 = 38 city - - 38 - 38 Sao Paulo - - 1,098 - 1,098 City - - 1,098 - 1,098 I
Slide 41: Taxes Collected (continued)
25 Tax Contribution Report Taxes Collected s in $ thousands) Federal Australia Federal Singapore Federal Argentina Federal India Federal Taiwan, China Federal Canada Federal Quebec State China, Mainland Federal United Kingdom Federal Japan Federal Chiba City Kanagawa City Payroll taxes 258,447 258,4
Slide 42: Taxes Collected (continued)
= 2025 Tax Contribution Report Foreword troduction” Economic contibution Value hain’ Approach to tax’ © ‘Taxeanufbution Regional highlight Financial ecanciations Taxes Collected iNislies 1S th sagan) Payroll taxes Taxes on products and services Other taxes Total Mie 429 - = zB 429 City. 223 = = = ac
Slide 43: Independent auditor's report
= 2025 Tax Contribution Report —— pwe Independent auditor's report ‘To the Board of Directors and Shareholders Vale S.A. Rio de Janeiro - RI pinion ‘We have audited the Selected information, ‘which comprises the total Tax Borne in the amount of US$ 4,848,729 thousand and the total Tax Collected in t
Slide 44: Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Vale S.A. (Registrant) By: /s/ Thiago Lofiego Date: July 30, 2026 Director of Investor Relations