Minerva S.A. (BVMF:BEEF3)

Minerva Balance Sheet

Financials in millions BRL. Fiscal year is January - December.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	14,935	15,031	14,461	12,679	7,071	6,076
Trading Asset Securities	-	-	-	-	-	1,226
Cash & Short-Term Investments	14,935	15,031	14,461	12,679	7,071	7,302
Cash Growth	19.02%	3.94%	14.06%	79.29%	-3.16%	14.25%
Accounts Receivable	6,623	6,042	4,184	2,402	2,488	2,599
Other Receivables	2,764	2,896	1,678	981.92	1,334	1,283
Receivables	9,388	8,938	5,862	3,384	3,822	3,882
Inventory	5,106	4,536	4,134	2,073	2,093	2,583
Total Current Assets	29,428	28,504	24,457	18,136	12,987	13,767
Property, Plant & Equipment	8,827	8,755	8,787	5,693	5,235	4,581
Long-Term Investments	312.49	319.41	256.2	197.46	242.1	-
Goodwill	6,026	6,056	6,185	1,105	1,060	659.39
Other Intangible Assets	735.93	845.16	1,110	620.65	799.22	168.81
Long-Term Deferred Tax Assets	970.5	974.03	907.53	910.18	792.81	415.67
Other Long-Term Assets	437.45	422.74	439.55	1,932	284.33	477.15
Total Assets	46,737	45,877	42,142	28,594	21,400	20,069

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	8,882	9,900	6,149	3,728	3,520	3,724
Accrued Expenses	770.01	668.12	628.54	377.39	321.35	332.52
Current Portion of Long-Term Debt	5,610	5,306	5,109	3,795	2,078	1,488
Current Portion of Leases	16.54	12.63	11.81	10.48	9.68	10.44
Current Income Taxes Payable	26.19	22.32	80.06	25.44	51.67	68.21
Other Current Liabilities	5,254	5,326	4,594	1,811	2,150	1,615
Total Current Liabilities	20,558	21,235	16,573	9,747	8,130	7,238
Long-Term Debt	23,688	22,481	24,973	17,762	11,689	11,916
Long-Term Leases	70.37	26.12	24.12	17.5	28.69	29.27
Long-Term Deferred Tax Liabilities	171.1	171.14	383.33	234.5	380.24	116.32
Other Long-Term Liabilities	67.34	69.84	101.32	173.78	110.43	115.08
Total Liabilities	44,555	43,983	42,055	27,935	20,338	19,415

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	3,058	3,056	1,619	1,619	1,619	1,616
Retained Earnings	867.18	619.16	-577.3	979.87	852.58	553.87
Treasury Stock	-98.97	-156.77	-199.64	-215.7	-235.4	-242.77
Comprehensive Income & Other	-2,247	-2,209	-1,321	-2,209	-1,729	-1,273
Total Common Equity	1,579	1,310	-478.64	174.38	506.83	654.13
Minority Interest	603.22	583.01	565.86	485.17	555.67	-
Shareholders' Equity	2,182	1,893	87.22	659.55	1,062	654.13
Total Liabilities & Equity	46,737	45,877	42,142	28,594	21,400	20,069

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	29,384	27,826	30,118	21,585	13,805	13,444
Net Cash (Debt)	-14,449	-12,794	-15,657	-8,906	-6,733	-6,142
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-12.27	-10.91	-26.61	-15.18	-11.53	-10.52
Filing Date Shares Outstanding	991.14	985.65	588.33	586.8	584.93	584.23
Total Common Shares Outstanding	991.14	985.65	588.33	586.8	584.93	583.65
Working Capital	8,870	7,269	7,884	8,389	4,857	6,529
Book Value Per Share	1.59	1.33	-0.81	0.30	0.87	1.12
Tangible Book Value	-5,183	-5,590	-7,774	-1,551	-1,353	-174.06
Tangible Book Value Per Share	-5.23	-5.67	-13.21	-2.64	-2.31	-0.30
Land	541.95	544.28	-	-	-	-
Buildings	5,216	5,204	-	-	-	-
Machinery	7,107	6,643	-	-	-	-
Construction In Progress	396.24	538.72	-	-	-	-

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 14, 2026

Data Sources Report a data error