BVMF:MRVE3 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	10,906	9,009	7,430	6,645	7,118
Revenue Growth (YoY)	21.06%	21.25%	11.81%	-6.65%	7.10%
Cost of Revenue	7,706	6,633	5,743	5,328	5,277
Gross Profit	3,200	2,376	1,687	1,318	1,841
Selling, General & Admin	1,590	1,475	1,408	1,272	1,146
Other Operating Expenses	186.48	228.22	151.67	-426.94	89.74
Operating Expenses	1,777	1,704	1,560	845.33	1,235
Operating Income	1,423	672.24	127.01	472.22	605.6
Interest Expense	-1,186	-864.16	-404.14	-594.13	-94.57
Interest & Investment Income	270.03	254.3	164.68	249.6	96.07
Earnings From Equity Investments	-113.95	-140.46	-84.51	-109.84	-52.35
Other Non Operating Income (Expenses)	-125.62	-157.29	96.22	107.74	37.27
EBT Excluding Unusual Items	267.67	-235.37	-100.75	125.59	592.02
Gain (Loss) on Sale of Assets	-12.52	-41.92	77.89	-	640.78
Asset Writedown	-1,046	-	-	-	-
Legal Settlements	-49.41	-56.32	-50.53	-	-52.73
Pretax Income	-840.47	-333.61	-73.39	125.59	1,180
Income Tax Expense	202.24	148.49	-54.95	249.06	277.4
Earnings From Continuing Operations	-1,043	-482.1	-18.44	-123.46	902.68
Minority Interest in Earnings	0.45	-21.11	-11.38	-53.19	-97.73
Net Income	-1,042	-503.2	-29.82	-176.65	804.95
Net Income to Common	-1,042	-503.2	-29.82	-176.65	804.95
Net Income Growth	-	-	-	-	46.32%
Shares Outstanding (Basic)	563	563	521	483	483
Shares Outstanding (Diluted)	563	563	521	483	485
Shares Change (YoY)	0.00%	8.10%	7.74%	-0.38%	0.80%
EPS (Basic)	-1.85	-0.89	-0.06	-0.37	1.67
EPS (Diluted)	-1.85	-0.89	-0.06	-0.37	1.66
EPS Growth	-	-	-	-	45.16%
Free Cash Flow	241.97	-667.91	-1,051	-665.18	-459.8
Free Cash Flow Per Share	0.43	-1.19	-2.02	-1.38	-0.95
Dividend Per Share	-	-	-	-	0.396
Dividend Growth	-	-	-	-	46.07%
Gross Margin	29.34%	26.37%	22.71%	19.83%	25.86%
Operating Margin	13.05%	7.46%	1.71%	7.11%	8.51%
Profit Margin	-9.56%	-5.59%	-0.40%	-2.66%	11.31%
Free Cash Flow Margin	2.22%	-7.41%	-14.14%	-10.01%	-6.46%
EBITDA	1,587	844.86	260.42	648.6	734.61
EBITDA Margin	14.55%	9.38%	3.50%	9.76%	10.32%
D&A For EBITDA	163.99	172.62	133.41	176.38	129.01
EBIT	1,423	672.24	127.01	472.22	605.6
EBIT Margin	13.05%	7.46%	1.71%	7.11%	8.51%
Effective Tax Rate	-	-	-	198.30%	23.51%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.