MRV (B3: MRVE3) financial statements
The consolidated income statement, balance sheet and cash flow statement of MRV 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 28,529m in total assets and BRL 5,328m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 10,906m | BRL 9,009m | BRL 7,430m | BRL 6,645m | BRL 7,106m | BRL 6,646m | BRL 6,056m | BRL 5,419m | BRL 4,760m | BRL 4,249m |
| Cost of sales | BRL 7,706m | BRL 6,633m | BRL 5,743m | BRL 5,328m | BRL 5,277m | BRL 4,772m | BRL 4,213m | BRL 3,620m | BRL 3,148m | BRL 2,862m |
| Gross profit | BRL 3,200m | BRL 2,376m | BRL 1,687m | BRL 1,318m | BRL 1,829m | BRL 1,874m | BRL 1,842m | BRL 1,799m | BRL 1,612m | BRL 1,387m |
| Operating profit | BRL 201.2m | BRL 433.5m | BRL 69.9m | BRL 362.4m | BRL 1,129m | BRL 713.7m | BRL 740.7m | BRL 741.9m | BRL 666.5m | BRL 454.8m |
| Profit before tax | −BRL 840.5m | −BRL 333.6m | −BRL 73.4m | BRL 125.6m | BRL 1,154m | BRL 760.7m | BRL 877.9m | BRL 878.6m | BRL 805.2m | BRL 668.5m |
| Income tax | BRL 202.2m | BRL 148.5m | −BRL 54.9m | BRL 249.1m | BRL 277.4m | BRL 139.8m | BRL 130.0m | BRL 120.4m | BRL 105.2m | BRL 94.1m |
| Net profit | −BRL 1,042m | −BRL 503.2m | −BRL 29.8m | −BRL 176.6m | BRL 779.1m | BRL 550.1m | BRL 690.2m | BRL 690.3m | BRL 653.4m | BRL 557.1m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 28,529m | BRL 29,431m | BRL 25,072m | BRL 22,601m | BRL 20,321m | BRL 18,062m | BRL 14,686m | BRL 13,637m | BRL 14,559m | BRL 12,327m |
| Current assets | BRL 15,452m | BRL 13,695m | BRL 11,662m | BRL 10,303m | BRL 9,458m | BRL 8,564m | BRL 7,801m | BRL 7,861m | BRL 8,316m | BRL 7,120m |
| Cash | BRL 255.9m | BRL 414.6m | BRL 406.8m | BRL 733.7m | BRL 947.9m | BRL 1,081m | BRL 674.9m | BRL 794.9m | BRL 713.1m | BRL 1,764m |
| Total liabilities | BRL 22,374m | BRL 21,960m | BRL 17,507m | BRL 16,027m | BRL 13,748m | BRL 12,027m | BRL 9,578m | BRL 8,762m | BRL 8,761m | BRL 6,890m |
| Current liabilities | BRL 7,626m | BRL 8,142m | BRL 5,626m | BRL 5,064m | BRL 3,980m | BRL 3,616m | BRL 2,806m | BRL 2,641m | BRL 3,250m | BRL 2,924m |
| Equity | BRL 5,328m | BRL 6,433m | BRL 6,745m | BRL 5,827m | BRL 6,094m | BRL 5,673m | BRL 4,842m | BRL 4,630m | BRL 5,542m | BRL 5,184m |
| Equity including minorities | BRL 6,155m | BRL 7,470m | BRL 7,565m | BRL 6,574m | BRL 6,574m | BRL 6,035m | BRL 5,109m | BRL 4,875m | BRL 5,797m | BRL 5,437m |
| Minority interests | BRL 827.4m | BRL 1,038m | BRL 819.3m | BRL 746.9m | BRL 480.0m | BRL 361.3m | BRL 267.0m | BRL 244.1m | BRL 255.4m | BRL 253.8m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 542.0m | −BRL 400.7m | −BRL 823.9m | −BRL 810.7m | −BRL 403.1m | BRL 689.9m | −BRL 98.2m | BRL 625.6m | BRL 332.4m | BRL 576.1m |
| Investing cash flow | BRL 817.1m | −BRL 885.2m | −BRL 1,704m | −BRL 1,539m | −BRL 354.7m | −BRL 794.7m | BRL 160.6m | BRL 587.9m | −BRL 988.5m | −BRL 280.1m |
| Financing cash flow | −BRL 1,458m | BRL 1,232m | BRL 2,224m | BRL 2,121m | BRL 617.3m | BRL 511.8m | −BRL 182.3m | −BRL 1,132m | BRL 861.3m | −BRL 128.2m |
| Dividends paid | — | — | — | −BRL 194.2m | −BRL 310.4m | −BRL 163.9m | −BRL 491.9m | −BRL 455.7m | −BRL 282.4m | −BRL 156.1m |
Where each figure comes from
From the annual financial statements (DFP) that MRV 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 MRV 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.