BVMF:MULT3 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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
Rental Revenue	3,040	2,739	2,545	2,030	1,798	1,288
Other Revenue	0	0	-0.08	19.45	16.55	-10.88
Total Revenue	3,040	2,739	2,545	2,049	1,814	1,278
Revenue Growth (YoY	19.38%	7.64%	24.19%	12.95%	42.01%	18.69%
Property Expenses	680.16	530.26	465.16	321.35	366.09	314.46
Selling, General & Administrative	326.48	304.05	320	277	278.57	250.03
Depreciation & Amortization	29.65	28.07	23.94	22.05	22.53	23.06
Other Operating Expenses	15.15	11.1	26.08	14.08	39.99	45.74
Total Operating Expenses	1,055	873.49	835.18	690.65	745.66	665.99
Operating Income	1,985	1,866	1,710	1,358	1,069	611.52
Interest Expense	-724.27	-673.82	-349.09	-344.57	-386.56	-177.63
Interest & Investment Income	124.25	124.25	138.04	111.01	144.76	54.37
Other Non-Operating Income	4.47	11.91	18.55	6.21	-	9.11
EBT Excluding Unusual Items	1,390	1,328	1,517	1,131	826.7	497.37
Pretax Income	1,390	1,328	1,517	1,131	826.7	497.37
Income Tax Expense	166.29	186.71	176.04	110.48	57.31	44.67
Earnings From Continuing Operations	1,223	1,141	1,341	1,021	769.39	452.7
Minority Interest in Earnings	-0.09	-0.11	-0.17	-0.16	-0.13	0.4
Net Income	1,223	1,141	1,341	1,020	769.26	453.1
Net Income to Common	1,223	1,141	1,341	1,020	769.26	453.1
Net Income Growth	-6.47%	-14.89%	31.40%	32.65%	69.78%	-53.01%
Basic Shares Outstanding	491	491	558	584	587	593
Diluted Shares Outstanding	496	496	563	589	592	599
Shares Change (YoY)	-8.03%	-11.98%	-4.33%	-0.53%	-1.20%	-0.51%
EPS (Basic)	2.49	2.32	2.40	1.75	1.31	0.76
EPS (Diluted)	2.47	2.30	2.38	1.73	1.30	0.76
EPS Growth	1.69%	-3.31%	37.35%	33.35%	71.84%	-52.77%
Dividend Per Share	1.126	1.126	1.227	0.991	0.719	0.500
Dividend Growth	4.49%	-8.28%	23.80%	37.88%	43.80%	-
Operating Margin	65.30%	68.11%	67.18%	66.29%	58.90%	47.87%
Profit Margin	40.23%	41.66%	52.69%	49.80%	42.40%	35.47%
EBITDA	2,113	1,997	1,843	1,522	1,275	807.26
EBITDA Margin	69.49%	72.90%	72.41%	74.30%	70.30%	63.19%
D&A For Ebitda	127.57	131.27	133.03	164.04	206.75	195.74
EBIT	1,985	1,866	1,710	1,358	1,069	611.52
EBIT Margin	65.30%	68.11%	67.18%	66.29%	58.90%	47.87%
Effective Tax Rate	11.97%	14.06%	11.60%	9.77%	6.93%	8.98%

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