Bradsaúde 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
Premiums & Annuity Revenue	2,406	2,380	2,243	2,084	1,847	1,923
Total Interest & Dividend Income	125.02	125.02	133.47	126.19	88.84	54.28
Non-Insurance Activities Revenue	40.88	40.18	38.19	51.56	21.89	16.41
Total Revenue	2,572	2,545	2,415	2,261	1,958	1,994
Revenue Growth (YoY)	4.62%	5.41%	6.78%	15.50%	-1.79%	5.91%
Policy Benefits	813.94	769.46	753.57	737.85	735.47	700.38
Policy Acquisition & Underwriting Costs	280.32	280.32	268.3	242.59	245.26	-
Depreciation & Amortization	-	-	-	4.32	2.07	5.82
Selling, General & Administrative	123.73	122.37	112.44	99.28	30.71	516.53
Provision for Bad Debts	2.92	-	-	0.9	0.88	48.92
Non-Insurance Activities Expense	58.54	58.52	53.63	-	-	-
Other Operating Expenses	421.68	422.37	412.35	370.94	347.58	123.77
Total Operating Expenses	1,703	1,653	1,600	1,491	1,389	1,437
Operating Income	868.81	892.14	814.36	770.07	568.98	556.8
Interest Expense	-41.62	-42.6	-36.46	-33.55	-6.08	-2.7
Earnings From Equity Investments	5.9	5.92	6.34	4.15	6.13	6.56
Other Non Operating Income (Expenses)	-29.21	-25.81	-20.87	-14.3	-45.09	-12.36
EBT Excluding Unusual Items	803.88	829.65	763.38	726.37	523.94	548.3
Gain (Loss) on Sale of Assets	-	-	-	-1.98	-6.64	-1.12
Pretax Income	803.88	829.65	763.38	724.39	517.29	547.18
Income Tax Expense	238.77	247.11	224.24	212.8	151.05	165.84
Earnings From Continuing Ops.	565.11	582.54	539.13	511.59	366.25	381.34
Minority Interest in Earnings	-0.13	0.03	0.11	-0.2	-0.39	-0.98
Net Income	564.98	582.57	539.24	511.39	365.86	380.36
Net Income to Common	564.98	582.57	539.24	511.39	365.86	380.36
Net Income Growth	0.49%	8.04%	5.45%	39.78%	-3.81%	5.33%
Shares Outstanding (Basic)	545	545	547	552	553	579
Shares Outstanding (Diluted)	545	545	547	552	553	580
Shares Change (YoY)	0.06%	-0.25%	-1.04%	-0.08%	-4.68%	-0.72%
EPS (Basic)	1.04	1.07	0.99	0.93	0.66	0.66
EPS (Diluted)	1.04	1.07	0.99	0.93	0.66	0.66
EPS Growth	0.43%	8.31%	6.55%	39.89%	0.91%	6.08%
Free Cash Flow	548.21	583.81	531.15	406.96	686.19	852.87
Free Cash Flow Per Share	1.01	1.07	0.97	0.74	1.24	1.47
Dividend Per Share	0.814	0.814	0.817	0.928	0.433	0.327
Dividend Growth	2.58%	-0.44%	-11.91%	114.42%	32.52%	-42.83%
Operating Margin	33.78%	35.05%	33.73%	34.05%	29.06%	27.93%
Profit Margin	21.97%	22.89%	22.33%	22.61%	18.68%	19.08%
Free Cash Flow Margin	21.31%	22.94%	22.00%	18.00%	35.04%	42.78%
EBITDA	881.12	902.16	870.51	819.3	601.37	614.56
EBITDA Margin	34.26%	35.45%	36.05%	36.23%	30.71%	30.82%
D&A For EBITDA	12.32	10.02	56.15	49.23	32.4	57.76
EBIT	868.81	892.14	814.36	770.07	568.98	556.8
EBIT Margin	33.78%	35.05%	33.73%	34.05%	29.06%	27.93%
Effective Tax Rate	29.70%	29.79%	29.38%	29.38%	29.20%	30.31%

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