INCO – To disburse USD45.6 mn in dividend and board reshuffle

INCO – To disburse USD45.6 mn in dividend and board reshuffle Vale Indonesia (INCO) concluded its Annual General Meeting of Shareholders (AGMS) on 2 June ‘26, approving total cash dividend of USD45.6 mn, representing a 60% payout ratio from its FY25 net profit of USD76 mn. The dividend is scheduled for payment on 26 June ‘26, with the recording date set for 12 June ‘26. The remaining net profit will be retained to support ongoing strategic developments. Despite challenging global nickel prices, INCO demonstrated strong operational resilience in FY25, posting 32% yoy net profit growth while maintaining controlled unit cash costs for nickel matte. Additionally, the AGMS approved board changes, accepting the resignations of Emily Olson and Christopher McCleave, and appointing Kristina Gauthier as Vice President Commissioner, with Patricia Renee Pegues and Adam MacMillan joining as Commissioners. (Source: Kontan)