Marfrig Global Foods S.A. (BVMF:MRFG3)

Marfrig Global Foods Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	159,308	148,861	132,218	125,371	85,388	67,482
Revenue Growth (YoY)	15.59%	12.59%	5.46%	46.83%	26.54%	38.39%
Cost of Revenue	138,924	129,170	118,841	108,890	68,188	55,760
Gross Profit	20,384	19,691	13,377	16,481	17,201	11,722
Selling, General & Admin	14,155	13,454	12,398	10,426	4,220	3,519
Other Operating Expenses	326.2	265.02	-144.8	704.67	349.26	347.73
Operating Expenses	14,481	13,719	12,253	11,131	4,569	3,867
Operating Income	5,903	5,972	1,125	5,350	12,632	7,855
Interest Expense	-6,378	-5,669	-5,399	-3,379	-1,744	-1,816
Interest & Investment Income	1,642	1,490	1,474	978.02	158.14	30.46
Earnings From Equity Investments	7.5	-34.59	-63.5	-64.58	-20.46	-0.66
Currency Exchange Gain (Loss)	-429.65	-286.63	-1,176	-2,534	-1,110	-970.73
Other Non Operating Income (Expenses)	-756.77	-1,067	-502.6	-443.79	46.14	30.65
EBT Excluding Unusual Items	-12.31	405.11	-4,541	-93.81	9,962	5,128
Gain (Loss) on Sale of Investments	-	-	-	-795.31	-1,059	-
Other Unusual Items	-	-	-	3,881	-	-
Pretax Income	-12.31	405.11	-4,541	2,992	8,902	5,128
Income Tax Expense	-2,601	-2,391	-1,090	-447.97	2,256	597.44
Earnings From Continuing Operations	2,588	2,796	-3,452	3,440	6,646	4,531
Earnings From Discontinued Operations	1,244	1,084	-169.62	-665.56	-	-
Net Income to Company	3,832	3,881	-3,621	2,774	6,646	4,531
Minority Interest in Earnings	-1,001	-1,085	2,103	1,392	-2,304	-1,229
Net Income	2,831	2,795	-1,518	4,166	4,342	3,302
Net Income to Common	2,831	2,795	-1,518	4,166	4,342	3,302
Net Income Growth	7326.72%	-	-	-4.06%	31.51%	1413.95%
Shares Outstanding (Basic)	1,017	904	641	651	676	700
Shares Outstanding (Diluted)	1,017	904	641	651	676	700
Shares Change (YoY)	59.65%	40.86%	-1.49%	-3.73%	-3.36%	12.54%
EPS (Basic)	2.78	3.09	-2.37	6.40	6.42	4.72
EPS (Diluted)	2.78	3.09	-2.37	6.40	6.42	4.72
EPS Growth	4554.68%	-	-	-0.34%	36.07%	1245.30%
Free Cash Flow	15,172	13,879	6,735	6,091	6,929	6,315
Free Cash Flow Per Share	14.93	15.36	10.50	9.35	10.24	9.02
Dividend Per Share	-	-	-	-	3.231	-
Gross Margin	12.80%	13.23%	10.12%	13.15%	20.14%	17.37%
Operating Margin	3.71%	4.01%	0.85%	4.27%	14.79%	11.64%
Profit Margin	1.78%	1.88%	-1.15%	3.32%	5.08%	4.89%
Free Cash Flow Margin	9.52%	9.32%	5.09%	4.86%	8.12%	9.36%
EBITDA	11,297	11,854	7,865	10,683	14,195	9,248
EBITDA Margin	7.09%	7.96%	5.95%	8.52%	16.62%	13.71%
D&A For EBITDA	5,395	5,882	6,740	5,333	1,563	1,394
EBIT	5,903	5,972	1,125	5,350	12,632	7,855
EBIT Margin	3.71%	4.01%	0.85%	4.27%	14.79%	11.64%
Effective Tax Rate	-	-	-	-	25.34%	11.65%

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.