The Brazilian iron ore and pellets producer Samarco has posted a net loss of $1.69 billion for Q2 2025, against a net profit of $1.38 billion for Q2 2024.
In addition to its status of judicial reorganization, due to the collapse of the Fundão Dam in 2015, the result was severely impacted by a negative financial result of $1.352 billion, a figure also impacted by the result of exchange rate variations.
Net sales revenues increased by 47 percent to $469.9 million, while EBITDA increased by 66 percent to $286.1 million.
Reflecting the conclusion of the ramp-up process of the concentrator of Phase 2, pellet and fines sales increased by 93 percent to 3.9 million mt, the same volume sold during the period.