Bradespar (BRAP4) released an investor relations report on Friday, October 16, 2026, stating that on October 15, 2026, the company’s net asset value totaled R$ 11.36 bn, while its market value stood at R$ 7.59 bn. The difference corresponds to a 33.2% discount between Bradespar’s net asset value and its market value.
The total value of Bradespar’s assets, consisting of its stake in Vale ON, was R$ 10.85 bn on October 15, 2026. Bradespar’s net cash position was R$ 513.33 mn on the same date, resulting in net asset value of R$ 11.36 bn.
At the same close on October 15, 2026, the market value of the common shares BRAP3 was R$ 2.47 bn, considering 137,989,898 shares at R$ 17.92 per share. The preferred shares BRAP4 had a total market value of R$ 5.11 bn, with 255,106,712 shares trading at R$ 20.04.
The report also shows the historical evolution of the discount between Bradespar’s net asset value and market value since 2010, highlighting that the 33.2% figure in October 2026 reflects data through the 15th. The document also presents the average daily trading volume and the average monthly price of BRAP4 throughout 2026, as well as the year-to-date performance in 2026 of BRAP4, VALE3 and the Ibovespa, at 1%, -5% and 27%, respectively.
