MBRF (B3: MBRF3) financial statements
The consolidated income statement, balance sheet and cash flow statement of MBRF for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 141,988m in total assets and BRL 11,319m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 163,963m | BRL 148,861m | BRL 132,218m | BRL 130,632m | BRL 85,388m | BRL 67,482m | BRL 48,761m | BRL 29,715m | BRL 18,578m | BRL 19,333m |
| Cost of sales | BRL 143,778m | BRL 129,170m | BRL 118,841m | BRL 112,879m | BRL 68,188m | BRL 55,760m | BRL 42,377m | BRL 25,873m | BRL 16,355m | BRL 17,157m |
| Gross profit | BRL 20,185m | BRL 19,691m | BRL 13,377m | BRL 17,752m | BRL 17,201m | BRL 11,722m | BRL 6,384m | BRL 3,842m | BRL 2,223m | BRL 2,176m |
| Operating profit | BRL 5,577m | BRL 5,937m | BRL 1,061m | BRL 9,655m | BRL 12,611m | BRL 7,854m | BRL 3,412m | BRL 422.1m | BRL 1,112m | BRL 1,013m |
| Profit before tax | −BRL 746.0m | BRL 405.1m | −BRL 4,541m | BRL 2,778m | BRL 8,902m | BRL 5,128m | BRL 1,353m | −BRL 1,887m | −BRL 819.6m | −BRL 1,022m |
| Income tax | −BRL 1,509m | −BRL 2,391m | −BRL 1,090m | −BRL 1.1m | BRL 2,256m | BRL 597.4m | −BRL 229.6m | −BRL 397.5m | −BRL 397.1m | −BRL 341.5m |
| Net profit | BRL 358.2m | BRL 2,795m | −BRL 1,518m | BRL 4,166m | BRL 4,342m | BRL 3,302m | BRL 218.1m | BRL 1,395m | −BRL 483.5m | −BRL 679.2m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 141,988m | BRL 137,510m | BRL 130,955m | BRL 136,104m | BRL 48,003m | BRL 39,507m | BRL 31,572m | BRL 26,504m | BRL 21,302m | BRL 20,259m |
| Current assets | BRL 54,394m | BRL 54,935m | BRL 52,101m | BRL 50,598m | BRL 19,514m | BRL 18,420m | BRL 14,420m | BRL 11,763m | BRL 9,739m | BRL 9,303m |
| Cash | BRL 4,711m | BRL 4,517m | BRL 6,460m | BRL 6,404m | BRL 1,759m | BRL 2,042m | BRL 1,775m | BRL 2,459m | BRL 1,214m | BRL 3,292m |
| Total liabilities | BRL 127,671m | BRL 117,572m | BRL 106,065m | BRL 109,655m | BRL 42,432m | BRL 35,993m | BRL 29,796m | BRL 22,493m | BRL 18,667m | BRL 19,158m |
| Current liabilities | BRL 50,453m | BRL 42,966m | BRL 42,171m | BRL 40,421m | BRL 17,048m | BRL 13,864m | BRL 10,615m | BRL 8,646m | BRL 6,021m | BRL 7,383m |
| Equity | BRL 11,319m | BRL 2,824m | BRL 7,631m | BRL 5,570m | BRL 3,917m | BRL 2,095m | BRL 618.6m | BRL 673.5m | BRL 2,393m | BRL 906.6m |
| Equity including minorities | BRL 14,317m | BRL 19,938m | BRL 24,890m | BRL 26,450m | BRL 5,572m | BRL 3,514m | BRL 1,776m | BRL 4,012m | BRL 2,635m | BRL 1,101m |
| Minority interests | BRL 2,998m | BRL 17,114m | BRL 17,259m | BRL 20,880m | BRL 1,655m | BRL 1,419m | BRL 1,158m | BRL 3,338m | BRL 242.2m | BRL 194.2m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 13,078m | BRL 12,766m | BRL 12,556m | BRL 9,335m | BRL 9,034m | BRL 7,691m | BRL 2,600m | BRL 1,519m | −BRL 7.0m | BRL 1,676m |
| Investing cash flow | −BRL 9,433m | −BRL 6,540m | −BRL 6,120m | −BRL 6,445m | −BRL 4,666m | −BRL 1,401m | −BRL 1,391m | −BRL 4,344m | −BRL 823.9m | −BRL 526.1m |
| Financing cash flow | −BRL 2,557m | −BRL 10,604m | −BRL 6,230m | BRL 1,586m | −BRL 5,122m | −BRL 4,307m | −BRL 5.6m | BRL 204.1m | −BRL 68.2m | −BRL 404.6m |
| Dividends paid | −BRL 3,847m | −BRL 3,135m | — | — | −BRL 3,745m | −BRL 1,283m | −BRL 2,075m | −BRL 461.2m | −BRL 12.8m | — |
Where each figure comes from
From the annual financial statements (DFP) that MBRF files with the CVM, the Brazilian securities regulator. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the MBRF page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.