Minerva S.A. (BVMF:BEEF3)
Brazil · Delayed Price · Currency is BRL 3.790
-0.070 (-1.81%)
Sep 3, 2026, 5:05 PM GMT-3
Minerva Cash Flow Statement
Financials in millions BRL. Fiscal year is January - December.
Millions BRL. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 458.63 | 810.49 | -1,559 | 421.05 | 652.53 | 598.88 |
Depreciation & Amortization | 975.52 | 947.13 | 668.68 | 512.43 | 414.53 | 346.79 |
Other Amortization | 41.09 | 27.29 | - | - | - | - |
Loss (Gain) From Sale of Assets | 6.5 | 2.73 | 5.65 | 15.56 | 71.24 | 4.96 |
Asset Writedown & Restructuring Costs | - | - | 33.44 | - | - | - |
Stock-Based Compensation | 31.41 | 46.65 | 36.57 | 31.37 | 18.29 | - |
Provision & Write-off of Bad Debts | 43.63 | 43.17 | 27.12 | 11.12 | 3.44 | 7.04 |
Other Operating Activities | 2,462 | 1,931 | 6,410 | 1,586 | 1,096 | 1,622 |
Change in Accounts Receivable | 86.5 | -2,651 | -1,947 | 120.19 | 208.48 | -644.62 |
Change in Inventory | 702.5 | -398.78 | -2,047 | -212.11 | 512.85 | -1,194 |
Change in Accounts Payable | -89.32 | 3,751 | 2,420 | 99.06 | -283.78 | 1,380 |
Change in Income Taxes | -457.97 | -439.03 | -509.52 | 225.85 | 45.87 | 292.08 |
Change in Other Net Operating Assets | -328.28 | 632.57 | 3,017 | -113.14 | 395.01 | 181.59 |
Operating Cash Flow | 3,956 | 4,703 | 6,556 | 2,697 | 3,135 | 2,595 |
Operating Cash Flow Growth | -17.64% | -28.27% | 143.06% | -13.95% | 20.81% | -19.52% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -1,129 | -1,120 | -717.06 | -693.32 | -763.59 | -467.9 |
Cash Acquisitions | - | - | - | - | -802.62 | - |
Sale (Purchase) of Intangibles | -23.29 | -19.07 | -25.7 | -21.58 | -49.67 | -36.28 |
Investment in Securities | -74.32 | -63.2 | -5,723 | -1,769 | -42.26 | -64.34 |
Investing Cash Flow | -1,226 | -1,203 | -6,466 | -2,484 | -1,658 | -568.52 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Long-Term Debt Issued | - | 5,766 | 10,893 | 9,533 | 5,746 | 7,032 |
Long-Term Debt Repaid | - | -10,206 | -10,169 | -3,819 | -6,937 | -8,713 |
Lease Payments | -15.95 | -17.91 | -15.01 | -10.52 | -13.35 | -11.14 |
Net Debt Issued (Repaid) | 101.2 | -4,440 | 723.81 | 5,714 | -1,192 | -1,682 |
Issuance of Common Stock | 33.1 | 2,032 | - | 6.14 | 12.46 | 312.15 |
Common Dividends Paid | -162.12 | -162.12 | - | -114 | -328.08 | -383.44 |
Other Financing Activities | -21.63 | -4.23 | 75.89 | -70.5 | 55.36 | -19.24 |
Financing Cash Flow | -49.45 | -2,574 | 799.69 | 5,354 | -1,452 | -1,972 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -293.59 | -355.25 | 892.11 | 39.48 | -255.17 | 856.82 |
Net Cash Flow | 2,387 | 570.47 | 1,782 | 5,607 | -230.55 | 910.58 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | 2,828 | 3,582 | 5,839 | 2,004 | 2,371 | 2,127 |
Free Cash Flow Growth | -28.98% | -38.65% | 191.36% | -15.47% | 11.49% | -26.58% |
Free Cash Flow Margin | 4.94% | 6.53% | 17.14% | 7.45% | 7.65% | 7.89% |
Free Cash Flow Per Share | 2.40 | 3.06 | 9.93 | 3.42 | 4.06 | 3.64 |
Levered Free Cash Flow | 404.39 | 1,285 | 577.68 | 457.97 | 1,268 | 467.64 |
Unlevered Free Cash Flow | 2,371 | 3,277 | 2,476 | 1,477 | 2,031 | 1,101 |
Free Cash Flow After Leases | 2,812 | 3,564 | 5,824 | 1,994 | 2,358 | 2,116 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Change in Working Capital | -86.57 | 894.64 | 934.19 | 119.85 | 878.43 | 14.98 |