Minerva Foods (B3: BEEF3) financial statements
The consolidated income statement, balance sheet and cash flow statement of Minerva Foods 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 45,877m in total assets and BRL 1,310m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 54,830m | BRL 34,069m | BRL 26,892m | BRL 30,978m | BRL 26,965m | BRL 19,406m | BRL 17,123m | BRL 16,215m | BRL 12,104m | BRL 9,649m |
| Cost of sales | BRL 45,317m | BRL 27,066m | BRL 21,378m | BRL 25,240m | BRL 22,320m | BRL 15,571m | BRL 13,830m | BRL 13,367m | BRL 9,867m | BRL 7,763m |
| Gross profit | BRL 9,513m | BRL 7,003m | BRL 5,514m | BRL 5,737m | BRL 4,645m | BRL 3,835m | BRL 3,293m | BRL 2,848m | BRL 2,237m | BRL 1,885m |
| Operating profit | BRL 3,848m | BRL 2,428m | BRL 2,050m | BRL 2,423m | BRL 2,035m | BRL 1,794m | BRL 1,462m | BRL 674.5m | BRL 989.5m | BRL 887.0m |
| Profit before tax | BRL 698.3m | −BRL 1,505m | BRL 341.2m | BRL 388.1m | BRL 585.6m | BRL 766.0m | −BRL 132.6m | −BRL 1,809m | −BRL 201.1m | BRL 250.6m |
| Income tax | −BRL 150.0m | BRL 58.8m | −BRL 54.4m | −BRL 267.0m | −BRL 13.3m | BRL 68.9m | −BRL 148.8m | −BRL 544.2m | BRL 79.6m | BRL 55.5m |
| Net profit | BRL 810.5m | −BRL 1,559m | BRL 421.1m | BRL 652.5m | BRL 598.9m | BRL 697.1m | BRL 16.2m | −BRL 1,265m | −BRL 281.0m | BRL 194.9m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 45,877m | BRL 42,142m | BRL 28,594m | BRL 21,400m | BRL 20,069m | BRL 16,923m | BRL 13,234m | BRL 12,824m | BRL 11,905m | BRL 8,959m |
| Current assets | BRL 28,504m | BRL 24,457m | BRL 18,136m | BRL 12,987m | BRL 13,767m | BRL 11,286m | BRL 8,269m | BRL 8,142m | BRL 7,352m | BRL 5,659m |
| Cash | BRL 10,203m | BRL 7,551m | BRL 4,010m | BRL 5,234m | BRL 6,076m | BRL 4,788m | BRL 3,220m | BRL 3,034m | BRL 3,279m | BRL 2,884m |
| Total liabilities | BRL 43,983m | BRL 42,055m | BRL 27,935m | BRL 20,338m | BRL 19,415m | BRL 16,083m | BRL 13,515m | BRL 13,126m | BRL 11,834m | BRL 8,437m |
| Current liabilities | BRL 21,235m | BRL 16,573m | BRL 9,747m | BRL 8,130m | BRL 7,238m | BRL 6,396m | BRL 5,628m | BRL 5,989m | BRL 3,947m | BRL 2,811m |
| Equity | BRL 1,310m | −BRL 478.6m | BRL 174.4m | BRL 506.8m | BRL 654.1m | BRL 840.1m | −BRL 281.7m | −BRL 301.1m | BRL 71.1m | BRL 520.6m |
| Equity including minorities | BRL 1,893m | BRL 87.2m | BRL 659.6m | BRL 1,062m | BRL 654.1m | BRL 840.1m | −BRL 281.7m | −BRL 301.1m | BRL 71.1m | BRL 522.1m |
| Minority interests | BRL 583.0m | BRL 565.9m | BRL 485.2m | BRL 555.7m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 1.4m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 4,703m | BRL 6,556m | BRL 2,697m | BRL 3,135m | BRL 2,595m | BRL 3,224m | BRL 1,758m | BRL 1,330m | BRL 588.2m | BRL 582.1m |
| Investing cash flow | −BRL 1,203m | −BRL 6,466m | −BRL 2,484m | −BRL 1,658m | −BRL 568.5m | −BRL 376.1m | −BRL 247.1m | −BRL 189.1m | −BRL 1,384m | −BRL 179.6m |
| Financing cash flow | −BRL 2,574m | BRL 799.7m | BRL 5,354m | −BRL 1,452m | −BRL 1,972m | −BRL 1,828m | −BRL 1,269m | −BRL 606.1m | BRL 1,205m | BRL 245.4m |
| Dividends paid | −BRL 162.1m | — | −BRL 295.3m | −BRL 328.1m | −BRL 602.7m | −BRL 138.5m | — | — | −BRL 11.4m | −BRL 48.7m |
Where each figure comes from
From the annual financial statements (DFP) that Minerva Foods 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 Minerva Foods page.
More companies from Brazil and the rest of the region: Latin American stocks.
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.