BVMF:MEAL3 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	1,730	1,811	2,226	2,092	1,743
Revenue Growth (YoY)	-4.48%	-18.67%	6.44%	19.97%	51.14%
Cost of Revenue	1,155	1,220	1,456	1,456	1,222
Gross Profit	574.79	590.91	770.6	635.22	521.06
Selling, General & Admin	618.32	676.93	845.38	704.01	578.94
Other Operating Expenses	-92.24	-111.42	-124.24	-117.65	-53.77
Operating Expenses	526.08	565.51	724.21	592.59	523.56
Operating Income	48.71	25.4	46.39	42.63	-2.5
Interest Expense	-127.84	-112.55	-144.34	-118.96	-81.11
Interest & Investment Income	10.75	17.79	12.37	9.42	9.75
Earnings From Equity Investments	-1.09	30.25	6	10.39	12.45
Currency Exchange Gain (Loss)	2.24	-13.53	-5.53	-4.19	0.81
Other Non Operating Income (Expenses)	-10.81	-4.83	1.43	-15.01	-7.48
EBT Excluding Unusual Items	-78.05	-57.46	-83.69	-75.73	-68.09
Merger & Restructuring Charges	-3.37	-7.25	-0.42	-3.58	-13.54
Gain (Loss) on Sale of Assets	12.5	17.19	42.92	215.64	-0.28
Legal Settlements	-16.17	-15.08	-15.83	-15.89	-23.1
Pretax Income	-85.09	-62.61	-57.02	120.44	-105.01
Income Tax Expense	56.82	-11.94	28.28	65.22	3.86
Earnings From Continuing Operations	-141.91	-50.67	-85.3	55.22	-108.87
Earnings From Discontinued Operations	-7.06	-25.61	3.31	17.45	28.42
Net Income	-148.97	-76.28	-82	72.67	-80.45
Net Income to Common	-148.97	-76.28	-82	72.67	-80.45
Shares Outstanding (Basic)	286	285	285	285	285
Shares Outstanding (Diluted)	286	285	285	285	285
Shares Change (YoY)	0.31%	-	-	-	-0.32%
EPS (Basic)	-0.52	-0.27	-0.29	0.25	-0.28
EPS (Diluted)	-0.52	-0.27	-0.29	0.25	-0.28
Free Cash Flow	2.04	-12.38	-24.58	-180.86	-57.17
Free Cash Flow Per Share	0.01	-0.04	-0.09	-0.63	-0.20
Gross Margin	33.23%	32.63%	34.61%	30.37%	29.89%
Operating Margin	2.82%	1.40%	2.08%	2.04%	-0.14%
Profit Margin	-8.61%	-4.21%	-3.68%	3.47%	-4.61%
Free Cash Flow Margin	0.12%	-0.68%	-1.10%	-8.65%	-3.28%
EBITDA	133.96	122.32	145.4	134.65	89.7
EBITDA Margin	7.75%	6.75%	6.53%	6.44%	5.15%
D&A For EBITDA	85.24	96.92	99.01	92.03	92.2
EBIT	48.71	25.4	46.39	42.63	-2.5
EBIT Margin	2.82%	1.40%	2.08%	2.04%	-0.14%
Effective Tax Rate	-	-	-	54.15%	-
Advertising Expenses	49.49	47.73	61.21	50.74	54.88

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