Metalurgica Gerdau 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	FY 2021
Period Ending	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
Revenue	69,859	67,027	68,916	82,412	78,345
Revenue Growth (YoY)	4.23%	-2.74%	-16.38%	5.19%	78.81%
Cost of Revenue	61,891	57,823	57,584	63,661	57,528
Gross Profit	7,967	9,203	11,332	18,751	20,817
Selling, General & Admin	2,133	2,180	2,223	2,200	2,121
Other Operating Expenses	227.08	692.34	-736.73	13.27	-1,271
Operating Expenses	2,360	2,872	1,487	2,214	849.43
Operating Income	5,607	6,331	9,846	16,537	19,968
Interest Expense	-1,274	-796.93	-840.07	-964.61	-1,060
Interest & Investment Income	700.87	756.47	1,027	685.81	310.59
Earnings From Equity Investments	95.62	1,273	827.61	1,152	400.25
Currency Exchange Gain (Loss)	210.77	-1,064	-850.38	-975.59	-108.61
Other Non Operating Income (Expenses)	-845.28	-891.06	-577.41	-563.39	-359.51
EBT Excluding Unusual Items	4,495	5,608	9,432	15,871	19,151
Gain (Loss) on Sale of Investments	-10.25	-30.91	-10.73	-0.08	0.36
Asset Writedown	-1,965	-199.63	-	-	-
Legal Settlements	-	-	-	-	1,405
Other Unusual Items	-	101.08	-	-	-264.69
Pretax Income	2,520	5,478	9,422	15,871	20,291
Income Tax Expense	1,106	867.89	1,837	4,409	4,737
Earnings From Continuing Operations	1,414	4,611	7,585	11,462	15,554
Minority Interest in Earnings	-937.23	-3,066	-5,025	-7,718	-10,491
Net Income	476.49	1,545	2,560	3,745	5,063
Net Income to Common	476.49	1,545	2,560	3,745	5,063
Net Income Growth	-69.16%	-39.66%	-31.63%	-26.04%	480.03%
Shares Outstanding (Basic)	1,326	1,358	1,377	1,418	1,441
Shares Outstanding (Diluted)	1,326	1,358	1,377	1,418	1,441
Shares Change (YoY)	-2.32%	-1.37%	-2.88%	-1.63%	-
EPS (Basic)	0.36	1.14	1.86	2.64	3.51
EPS (Diluted)	0.36	1.14	1.86	2.64	3.51
EPS Growth	-68.42%	-38.82%	-29.60%	-24.82%	480.03%
Free Cash Flow	1,302	5,910	6,646	6,689	10,167
Free Cash Flow Per Share	0.98	4.35	4.83	4.72	7.05
Dividend Per Share	0.313	0.338	1.155	1.035	1.755
Dividend Growth	-7.41%	-70.78%	11.59%	-41.03%	875.00%
Gross Margin	11.40%	13.73%	16.44%	22.75%	26.57%
Operating Margin	8.03%	9.45%	14.29%	20.07%	25.49%
Profit Margin	0.68%	2.31%	3.72%	4.54%	6.46%
Free Cash Flow Margin	1.86%	8.82%	9.64%	8.12%	12.98%
EBITDA	8,599	8,815	12,296	18,812	22,158
EBITDA Margin	12.31%	13.15%	17.84%	22.83%	28.28%
D&A For EBITDA	2,992	2,484	2,450	2,275	2,190
EBIT	5,607	6,331	9,846	16,537	19,968
EBIT Margin	8.03%	9.45%	14.29%	20.07%	25.49%
Effective Tax Rate	43.90%	15.84%	19.49%	27.78%	23.35%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.