The Ibovespa rose 0.5% to close at 149,540 on Friday, buoyed by a batch of upbeat corporate results and a still-robust labour market. Vale climbed 2.3% after reporting 3Q25 net profit of $2.68 billion, up 11% year on year and comfortably above the $2.1 billion consensus. Azul advanced 2.7% on an adjusted Q3 operating margin of 20.6% and an EBITDA margin of 33.5%. Irani gained 2.7% after net profit rose 5.3% to R$42.1 million and adjusted EBITDA expanded 15.9%. Vulcabras surged 4.3% as recurring net profit grew 11.6% and unadjusted profit nearly tripled. Gerdau added 1.2% despite a 23.9% decline in adjusted net profit to R$1.09 billion, reflecting mixed regional dynamics. On the downside Vivo fell about 6% despite positive results, while Multiplan dipped 0.7% and Marcopolo retreated 10.5% after weaker-than-expected profits. The combination of earnings beats, healthy income fundamentals and steady employment helped sustain demand for equities into the close.