Gerdau 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 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '20 Dec 31, 2020
Revenue	69,859	67,027	68,916	82,412	43,815
Revenue Growth (YoY)	4.23%	-2.74%	-16.38%	88.09%	10.52%
Cost of Revenue	-	57,823	57,584	63,661	37,884
Gross Profit	7,967	9,203	11,332	18,751	5,931
Selling, General & Admin	1,338	2,167	2,208	2,188	1,530
Other Operating Expenses	2,214	2,848	2,373	1,608	2,910
Total Operating Expenses	3,553	5,014	4,580	3,796	4,440
Operating Income	3,739	7,487	10,453	17,751	5,194
Interest Income	-	726.15	903.02	606.36	194.09
Interest Expense	-	-1,508	-1,397	-1,563	-1,688
Other Non-Operating Income (Expense)	165.14	-1,241	-612.35	-935.63	-205.07
Total Non-Operating Income (Expense)	165.14	-2,023	-1,106	-1,892	-1,699
Pretax Income	2,524	5,464	9,347	15,859	3,496
Provision for Income Taxes	1,106	864.65	1,810	4,379	1,108
Net Income	1,418	4,566	7,502	11,426	2,366
Minority Interest in Earnings	-	32.75	35.42	54.04	22.29
Net Income to Common	1,418	4,566	7,502	11,426	2,366
Net Income Growth	-68.94%	-39.13%	-34.34%	382.95%	94.41%
Shares Outstanding (Basic)	1,157	721	721	721	572
Shares Outstanding (Diluted)	1,157	721	721	721	572
Shares Change (YoY)	60.59%	-	-0.01%	26.00%	-
EPS (Basic)	1.23	2.18	3.57	5.36	1.39
EPS (Diluted)	1.23	2.18	3.56	5.34	1.38
EPS Growth	-43.77%	-38.76%	-33.33%	286.96%	97.14%
Free Cash Flow	1,306	5,603	5,930	6,858	4,757
Free Cash Flow Growth	-76.69%	-5.51%	-13.54%	44.17%	-
Free Cash Flow Per Share	-	7.78	8.23	9.52	8.32
Dividends Per Share	0.620	0.800	1.258	2.881	0.333
Dividend Growth	-22.50%	-36.42%	-56.32%	764.39%	99.94%
Gross Margin	11.41%	13.73%	16.44%	22.75%	13.54%
Operating Margin	5.35%	11.17%	15.17%	21.54%	11.86%
Profit Margin	2.03%	6.86%	10.94%	13.93%	5.45%
FCF Margin	1.87%	8.36%	8.60%	8.32%	10.86%
EBITDA	7,423	10,613	13,500	20,618	7,693
EBITDA Margin	10.63%	15.83%	19.59%	25.02%	17.56%
EBIT	3,739	7,487	10,453	17,751	5,194
EBIT Margin	5.35%	11.17%	15.17%	21.54%	11.86%
Effective Tax Rate	43.81%	15.83%	19.36%	27.62%	31.69%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q