By Brasil Stock Guide – Bradespar SA (BRAP4) posted a second-quarter net profit of 450 million reais ($84 million), down 16% from 535.5 million reais a year earlier, according to a report by InfoMoney.
Operating revenue fell to 434.8 million reais from 525.2 million reais in the same period of 2024. As an investment holding company, Bradespar derives its operating revenue primarily from equity income and interest on capital from Vale SA (VALE3).
The company’s financial result reached 30.1 million reais in the quarter, mainly from financial investments and remuneration on recoverable taxes. “This result reflects the continuation of the net cash position, as the company has fully settled its financial debt in previous years,” Bradespar said in a statement.
Personnel, general and administrative expenses totaled 8.7 million reais in the period.
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