BVMF:LAND3 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar '25 Mar 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Rental Revenue	73.98	68.33	91.73	95.01	104.27	-
Other Revenue	-	-	-	-	-	52.07
Total Revenue	73.98	68.33	91.73	95.01	104.27	52.07
Revenue Growth (YoY	-10.94%	-25.50%	-3.46%	-8.88%	100.24%	-
Property Expenses	4.66	4.75	5.13	6.79	7.14	4.04
Selling, General & Administrative	31.58	31.87	24.56	28.6	14.31	1.31
Other Operating Expenses	14.07	11.29	2.61	3.51	7.54	-1.61
Total Operating Expenses	50.31	47.91	32.3	38.9	28.99	3.75
Operating Income	23.66	20.43	59.43	56.11	75.28	48.32
Interest Expense	-13.43	-13.14	-12.93	-12.08	-11.89	-0.06
Interest & Investment Income	1.02	0.89	0.4	2.74	0.78	7.5
Currency Exchange Gain (Loss)	-6.37	-6.37	-6.24	2.74	0.26	-
Other Non-Operating Income	6.96	7.99	7.41	-4.1	-3.84	0.03
EBT Excluding Unusual Items	11.85	9.81	48.08	45.41	60.58	55.79
Pretax Income	11.85	9.81	48.08	45.41	60.58	55.79
Income Tax Expense	1.23	2.47	12.87	-91.76	22.56	19.08
Net Income	10.62	7.33	35.21	137.17	38.02	36.71
Net Income to Common	10.62	7.33	35.21	137.17	38.02	36.71
Net Income Growth	-68.27%	-79.18%	-74.33%	260.74%	3.57%	-
Basic Shares Outstanding	96	96	96	96	75	-
Diluted Shares Outstanding	96	96	96	96	75	-
Shares Change (YoY)	-	-	-	28.60%	-	-
EPS (Basic)	0.11	0.08	0.37	1.43	0.51	-
EPS (Diluted)	0.11	0.08	0.37	1.43	0.51	-
EPS Growth	-68.27%	-79.18%	-74.33%	180.52%	-	-
Dividend Per Share	0.072	0.072	-	1.354	-	-
Operating Margin	31.99%	29.89%	64.79%	59.06%	72.19%	92.81%
Profit Margin	14.35%	10.73%	38.39%	144.37%	36.47%	70.51%
EBITDA	26.94	23.83	63.36	61.91	80.72	49.95
EBITDA Margin	36.42%	34.87%	69.07%	65.16%	77.41%	95.93%
D&A For Ebitda	3.28	3.4	3.93	5.8	5.44	1.63
EBIT	23.66	20.43	59.43	56.11	75.28	48.32
EBIT Margin	31.99%	29.89%	64.79%	59.06%	72.19%	92.81%
Effective Tax Rate	10.40%	25.23%	26.76%	-	37.24%	34.20%

Updated Mar 18, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.