乐播传媒

乐播传媒 has published its 2025 Annual Report, a document that brings together, in an integrated manner, the company’s financial, operational, environmental, social, and governance information for the period from January 1 to December 31, 2025. The report reflects the evolution of the former Integrated Report and reinforces a unified view of performance, risk management, and long-term value creation, linking economic results to topics such as safety, climate, people, and community relations.  

Among the highlights of 2025, 乐播传媒 recorded USD 38.4 billion in net revenue, USD 15.5 billion in adjusted EBITDA, and USD 4.8 billion in recurring free cash flow, in a scenario marked by greater operational stability and discipline in capital allocation. Iron ore production reached 336 million tons, the highest level since 2018, and the Base Metals business saw significant growth, particularly in copper and nickel, strategic minerals for the energy transition.  

In the area of safety and risk management, the company completed the implementation of the Global Industry Standard for Tailings Management (GISTM) at all dams and ended the year with no structures at emergency level 3, in addition to achieving 63% completion of the upstream dam decharacterization program. It also made progress in the remediation process, with 81% of the obligations under the Brumadinho Comprehensive Remediation Agreement already fulfilled. 

The report also highlights environmental and social progress. 乐播传媒 expanded its circular mining initiatives, producing 26 million tons of ore from circular sources, and made strides in the climate agenda, forest protection and restoration, and the use of renewable energy. On the social front, approximately 60,000 people participated in initiatives to combat extreme poverty in 2025. The company also exceeded diversity targets, with women making up 28% of the workforce - above the commitment set for 2026 - and established itself as the largest investor in culture and sports in Brazil through federal incentive laws. 

As part of its efforts to strengthen its transparency agenda and align with international reporting standards, 乐播传媒 also voluntarily published the first edition of its ISSB Report in 2025, a document dedicated to disclosing financial information related to sustainability, risks, and opportunities, prepared in accordance with the standards of the International Sustainability Standards Board. The initiative anticipates future regulatory requirements and deepens the connection between strategy, risks, financial performance, and sustainability. 

“The report reflects the evolution of our approach to sustainability: the area is no longer treated as a standalone issue but is now integrated into our strategy, capital allocation, and risk management. Progress on issues such as dam safety, climate and diversity, and regional development is essential to building trust and strengthening the mining industry of the future.”, says Grazielle Parenti, 乐播传媒’s Executive Vice President of Sustainability. 

The 2025 Annual Report was prepared based on an updated materiality study, with input from various stakeholders. It complies with international reporting standards and has undergone independent assurance, reinforcing 乐播传媒’s commitment to transparency, governance, and accountability to society. To access the full document, .