BVMF:BVAR11 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Rental Revenue	31.92	34.38	41.65	55.78
Gain (Loss) on Sale of Assets (Rev)	181.37	14.4	95.95	60.5
Other Revenue	-	-0.01	-0.02	-0.11
Total Revenue	213.29	48.77	137.58	116.17
Revenue Growth (YoY	337.32%	-64.55%	18.43%	-
Property Expenses	187.46	18.94	103.4	59.24
Selling, General & Administrative	1.78	1.47	1.43	1.42
Total Operating Expenses	189.25	20.41	104.83	60.66
Operating Income	24.05	28.36	32.75	55.52
Interest Expense	-	-	-0	-
Interest & Investment Income	2.44	1.32	2.18	1.14
Other Non-Operating Income	-3.19	-2.88	9.22	-1.91
EBT Excluding Unusual Items	23.3	26.8	44.15	54.75
Asset Writedown	6.13	-32.02	-3.02	56.68
Other Unusual Items	-	0.05	-	-0
Pretax Income	29.43	-5.16	41.13	111.42
Income Tax Expense	0.43	0.2	0.46	0.2
Net Income	29	-5.36	40.67	111.22
Net Income to Common	29	-5.36	40.67	111.22
Net Income Growth	-	-	-63.43%	-
Basic Shares Outstanding	1	1	1	1
Diluted Shares Outstanding	1	1	1	1
Shares Change	-	-	-	-
EPS (Basic)	46.36	-8.56	65.01	177.80
EPS (Diluted)	46.36	-8.56	65.01	177.80
EPS Growth	-	-	-63.43%	-

Additional Metrics

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Operating Margin	11.27%	58.15%	23.80%	47.79%
Profit Margin	13.60%	-10.98%	29.56%	95.74%
EBIT	24.05	28.36	32.75	55.52
EBIT Margin	11.27%	58.15%	23.80%	47.79%
Effective Tax Rate	1.46%	-	1.12%	0.18%