Minerva Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 19, 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
Market Capitalization	3,588	5,676	2,995	4,383	7,572	6,091
Market Cap Growth	32.00%	89.54%	-31.68%	-42.11%	24.31%	9.73%
Enterprise Value	16,965	18,065	12,482	13,863	14,146	11,946
Last Close Price	3.64	5.76	4.38	6.43	10.52	8.26
PE Ratio	4.43	7.00	-	10.41	11.60	10.17
Forward PE	3.66	4.76	9.09	5.66	6.97	10.11
PS Ratio	0.07	0.10	0.09	0.16	0.24	0.23
PB Ratio	1.90	3.00	34.34	6.65	7.13	9.31
P/FCF Ratio	0.99	1.57	0.51	2.19	3.19	2.86
P/OCF Ratio	0.76	1.20	0.46	1.63	2.42	2.35
EV/Sales Ratio	0.31	0.33	0.37	0.52	0.46	0.44
EV/EBITDA Ratio	3.52	3.74	4.03	5.40	4.88	5.03
EV/EBIT Ratio	4.41	4.69	5.06	6.71	5.67	5.86
EV/FCF Ratio	4.69	5.00	2.14	6.92	5.97	5.62
Debt / Equity Ratio	14.70	14.70	345.32	32.73	12.99	20.55
Debt / EBITDA Ratio	5.77	5.77	9.69	8.37	4.75	5.63
Debt / FCF Ratio	7.70	7.70	5.16	10.77	5.82	6.32
Net Debt / Equity Ratio	6.76	6.76	179.52	13.50	6.34	9.39
Net Debt / EBITDA Ratio	2.65	2.65	5.06	3.47	2.32	2.59
Net Debt / FCF Ratio	3.54	3.54	2.68	4.44	2.84	2.89
Asset Turnover	1.25	1.25	0.96	1.08	1.49	1.46
Inventory Turnover	10.46	10.46	8.72	10.26	10.79	11.35
Quick Ratio	1.13	1.13	1.23	1.65	1.34	1.55
Current Ratio	1.34	1.34	1.48	1.86	1.60	1.90
Return on Equity (ROE)	85.66%	85.66%	-418.82%	45.94%	76.32%	80.16%
Return on Assets (ROA)	5.47%	5.47%	4.36%	5.17%	7.52%	6.89%
Return on Invested Capital (ROIC)	27.15%	25.30%	19.50%	23.80%	34.19%	31.72%
Return on Capital Employed (ROCE)	15.60%	15.60%	9.60%	11.00%	18.80%	15.90%
Earnings Yield	22.59%	14.28%	-52.05%	9.61%	8.62%	9.83%
FCF Yield	100.78%	63.70%	195.00%	45.72%	31.32%	34.92%
Dividend Yield	9.04%	-	-	-	5.47%	8.34%
Payout Ratio	20.00%	20.00%	-	27.07%	50.28%	64.03%
Buyback Yield / Dilution	-67.53%	-67.53%	-0.26%	-0.44%	-0.10%	-11.09%
Total Shareholder Return	-58.49%	-67.53%	-0.26%	-0.44%	5.37%	-2.75%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.