Minerva SA
BOVESPA:BEEF3

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Minerva SA Logo
Minerva SA
BOVESPA:BEEF3
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Price: 6.03 BRL -1.79% Market Closed
Market Cap: 5.9B BRL

Income Statement

Earnings Waterfall
Minerva SA

Revenue
44.3B BRL
Cost of Revenue
-35.9B BRL
Gross Profit
8.4B BRL
Operating Expenses
-5.3B BRL
Operating Income
3.1B BRL
Other Expenses
-4B BRL
Net Income
-847.1m BRL

Income Statement
Minerva SA

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Income Statement
Currency: BRL
Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025
Revenue
Interest Expense
0
0
0
0
0
0
0
0
0
0
0
0
0
35
67
112
167
299
314
315
221
239
275
309
320
327
332
352
372
395
418
452
493
552
637
729
793
820
833
808
832
843
844
913
884
897
930
924
990
987
985
970
952
996
1 004
1 011
1 046
1 035
1 021
1 027
1 014
1 030
1 092
1 153
1 221
1 251
1 247
1 278
1 631
2 050
2 490
2 910
3 038
3 130
0
Revenue
1 192
N/A
1 269
+6%
1 274
+0%
1 378
+8%
1 463
+6%
1 619
+11%
1 883
+16%
2 102
+12%
2 121
+1%
2 237
+5%
2 310
+3%
2 379
+3%
2 602
+9%
2 768
+6%
3 015
+9%
3 232
+7%
3 408
+5%
3 544
+4%
3 596
+1%
3 750
+4%
3 977
+6%
4 041
+2%
4 178
+3%
4 266
+2%
4 380
+3%
4 631
+6%
4 876
+5%
5 220
+7%
5 457
+5%
5 660
+4%
5 993
+6%
6 304
+5%
6 987
+11%
7 746
+11%
8 316
+7%
8 899
+7%
9 525
+7%
9 706
+2%
9 701
0%
9 846
+1%
9 649
-2%
9 453
-2%
9 811
+4%
10 695
+9%
12 104
+13%
13 493
+11%
14 650
+9%
15 569
+6%
16 215
+4%
16 411
+1%
16 700
+2%
16 873
+1%
17 123
+1%
17 562
+3%
17 937
+2%
18 563
+3%
19 406
+5%
21 043
+8%
22 931
+9%
25 162
+10%
26 965
+7%
28 391
+5%
30 575
+8%
31 645
+3%
30 978
-2%
30 130
-3%
28 935
-4%
27 565
-5%
26 892
-2%
27 697
+3%
28 087
+1%
29 521
+5%
34 069
+15%
38 078
+12%
44 330
+16%
Gross Profit
Cost of Revenue
(919)
(975)
(993)
(1 082)
(1 162)
(1 291)
(1 517)
(1 721)
(1 742)
(1 857)
(1 926)
(1 963)
(2 132)
(2 272)
(2 438)
(2 597)
(2 760)
(2 904)
(3 004)
(3 186)
(3 376)
(3 378)
(3 444)
(3 420)
(3 464)
(3 672)
(3 865)
(4 151)
(4 331)
(4 479)
(4 748)
(5 025)
(5 634)
(6 273)
(6 773)
(7 213)
(7 602)
(7 701)
(7 644)
(7 798)
(7 763)
(7 642)
(7 947)
(8 702)
(9 867)
(11 088)
(12 073)
(12 791)
(13 367)
(13 481)
(13 718)
(13 877)
(13 830)
(14 180)
(14 264)
(14 718)
(15 571)
(17 014)
(18 879)
(20 862)
(22 320)
(23 464)
(25 174)
(25 840)
(25 240)
(24 465)
(23 275)
(22 086)
(21 378)
(21 908)
(22 145)
(23 282)
(27 066)
(30 428)
(35 901)
Gross Profit
274
N/A
294
+7%
281
-4%
297
+6%
300
+1%
327
+9%
366
+12%
381
+4%
379
0%
380
+0%
383
+1%
416
+8%
470
+13%
496
+6%
577
+16%
635
+10%
648
+2%
640
-1%
592
-7%
564
-5%
600
+6%
663
+11%
734
+11%
846
+15%
916
+8%
959
+5%
1 012
+5%
1 069
+6%
1 126
+5%
1 181
+5%
1 245
+5%
1 279
+3%
1 354
+6%
1 473
+9%
1 543
+5%
1 686
+9%
1 923
+14%
2 006
+4%
2 056
+3%
2 048
0%
1 885
-8%
1 811
-4%
1 864
+3%
1 993
+7%
2 237
+12%
2 405
+8%
2 577
+7%
2 779
+8%
2 848
+2%
2 930
+3%
2 982
+2%
2 996
+0%
3 293
+10%
3 383
+3%
3 673
+9%
3 845
+5%
3 835
0%
4 028
+5%
4 052
+1%
4 301
+6%
4 645
+8%
4 927
+6%
5 402
+10%
5 804
+7%
5 737
-1%
5 665
-1%
5 660
0%
5 479
-3%
5 514
+1%
5 789
+5%
5 942
+3%
6 239
+5%
7 003
+12%
7 650
+9%
8 429
+10%
Operating Income
Operating Expenses
(192)
(195)
(183)
(180)
(195)
(248)
(289)
(393)
(603)
(614)
(584)
(542)
(396)
(375)
(450)
(458)
(424)
(412)
(363)
(330)
(319)
(359)
(398)
(449)
(497)
(520)
(552)
(582)
(632)
(685)
(705)
(724)
(760)
(831)
(867)
(907)
(978)
(1 023)
(1 055)
(1 076)
(976)
(983)
(1 004)
(1 100)
(1 248)
(1 376)
(2 113)
(2 177)
(2 155)
(2 235)
(1 662)
(1 690)
(1 830)
(1 855)
(1 959)
(2 058)
(2 041)
(2 141)
(2 201)
(2 360)
(2 610)
(2 733)
(2 996)
(3 244)
(3 314)
(3 392)
(3 487)
(3 434)
(3 463)
(3 663)
(3 792)
(4 016)
(4 542)
(4 978)
(5 294)
Selling, General & Administrative
(166)
(174)
(184)
(195)
(196)
(215)
(235)
(240)
(252)
(260)
(270)
(300)
(329)
(347)
(396)
(434)
(426)
(420)
(381)
(349)
(347)
(380)
(410)
(467)
(528)
(551)
(590)
(622)
(647)
(666)
(694)
(702)
(738)
(816)
(839)
(882)
(977)
(984)
(1 022)
(1 036)
(963)
(958)
(975)
(1 070)
(1 257)
(1 381)
(1 533)
(1 630)
(1 632)
(1 685)
(1 698)
(1 710)
(1 826)
(1 857)
(1 943)
(2 035)
(2 010)
(2 110)
(2 194)
(2 365)
(2 624)
(2 785)
(3 043)
(3 278)
(3 360)
(3 405)
(3 498)
(3 475)
(3 484)
(3 704)
(3 858)
(4 075)
(4 637)
(5 046)
(5 352)
Other Operating Expenses
(27)
(21)
1
15
1
(33)
(54)
(154)
(351)
(354)
(314)
(243)
(68)
(27)
(55)
(24)
2
8
18
18
29
21
12
18
31
31
38
40
15
(20)
(11)
(22)
(22)
(16)
(29)
(26)
(1)
(39)
(34)
(40)
(14)
(25)
(29)
(30)
10
6
(580)
(546)
(523)
(549)
36
20
(4)
1
(15)
(24)
(31)
(31)
(6)
5
15
53
47
34
46
13
11
41
20
41
66
59
95
68
58
Operating Income
81
N/A
99
+22%
98
0%
117
+19%
105
-10%
80
-24%
77
-3%
(13)
N/A
(224)
-1 650%
(233)
-4%
(201)
+14%
(127)
+37%
74
N/A
122
+64%
127
+4%
177
+39%
224
+27%
228
+2%
230
+1%
234
+2%
282
+21%
304
+8%
336
+10%
397
+18%
418
+5%
439
+5%
460
+5%
487
+6%
494
+1%
496
+0%
540
+9%
555
+3%
594
+7%
642
+8%
676
+5%
778
+15%
945
+21%
983
+4%
1 001
+2%
972
-3%
909
-6%
828
-9%
860
+4%
894
+4%
990
+11%
1 030
+4%
464
-55%
602
+30%
693
+15%
695
+0%
1 320
+90%
1 306
-1%
1 462
+12%
1 527
+4%
1 715
+12%
1 786
+4%
1 794
+0%
1 887
+5%
1 851
-2%
1 941
+5%
2 035
+5%
2 195
+8%
2 406
+10%
2 560
+6%
2 423
-5%
2 273
-6%
2 173
-4%
2 045
-6%
2 050
+0%
2 126
+4%
2 150
+1%
2 223
+3%
2 462
+11%
2 672
+9%
3 135
+17%
Pre-Tax Income
Interest Income Expense
0
(6)
(8)
(8)
0
0
0
0
0
0
0
0
0
(55)
(106)
(113)
(167)
(251)
(233)
(403)
(272)
(352)
(579)
(499)
(505)
(484)
(518)
(541)
(689)
(701)
(443)
(729)
(881)
(1 592)
(1 610)
(2 030)
(1 813)
(896)
(712)
(46)
(53)
(229)
(654)
(624)
(964)
(1 176)
(2 063)
(2 532)
(2 162)
(2 133)
(1 161)
(1 130)
(1 351)
(1 921)
(2 096)
(1 788)
(1 451)
(1 106)
(781)
(924)
(1 524)
(1 299)
(1 597)
(1 538)
(1 190)
(1 326)
(1 188)
(1 414)
(1 324)
(1 455)
(1 760)
(1 688)
(5 052)
(5 174)
(5 236)
Non-Reccuring Items
0
0
0
(39)
(40)
(40)
(40)
(1)
0
(1)
(1)
(1)
0
0
(4)
(6)
(5)
(3)
1
3
0
(0)
0
0
0
0
0
0
(34)
0
0
0
0
0
0
(8)
(23)
0
0
0
(22)
0
0
0
0
0
0
0
(19)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(34)
0
0
Total Other Income
0
(0)
(1)
(0)
(9)
(2)
(1)
(1)
0
(0)
0
0
0
(8)
(21)
(35)
(73)
(120)
(143)
(87)
(103)
(95)
(73)
(119)
(115)
(69)
(85)
(107)
(86)
(45)
(126)
(39)
(132)
(134)
(2)
98
146
(142)
(367)
(582)
(584)
(415)
(238)
(209)
(227)
(218)
(174)
(79)
(321)
(276)
(499)
(462)
(244)
581
969
740
423
(34)
(480)
(419)
74
(717)
(360)
(477)
(846)
(306)
(608)
(395)
(385)
(597)
(357)
(459)
1 119
1 359
1 316
Pre-Tax Income
81
N/A
92
+14%
91
-2%
70
-23%
57
-19%
37
-35%
36
-3%
(15)
N/A
(224)
-1 445%
(234)
-4%
(202)
+14%
(128)
+37%
74
N/A
59
-21%
(4)
N/A
23
N/A
(22)
N/A
(146)
-564%
(146)
0%
(254)
-74%
(92)
+64%
(143)
-55%
(316)
-121%
(221)
+30%
(201)
+9%
(114)
+43%
(143)
-25%
(161)
-13%
(316)
-96%
(251)
+21%
(30)
+88%
(214)
-625%
(420)
-96%
(1 084)
-158%
(936)
+14%
(1 161)
-24%
(746)
+36%
(55)
+93%
(79)
-43%
344
N/A
251
-27%
185
-26%
(31)
N/A
61
N/A
(201)
N/A
(365)
-81%
(1 773)
-386%
(2 009)
-13%
(1 809)
+10%
(1 715)
+5%
(340)
+80%
(285)
+16%
(133)
+53%
187
N/A
587
+214%
739
+26%
766
+4%
747
-3%
590
-21%
598
+1%
586
-2%
178
-70%
449
+152%
545
+21%
388
-29%
642
+65%
377
-41%
235
-38%
341
+45%
74
-78%
32
-56%
76
+135%
(1 505)
N/A
(1 144)
+24%
(785)
+31%
Net Income
Tax Provision
(28)
(34)
(33)
(25)
(22)
(13)
(14)
(7)
8
20
22
13
7
(1)
1
(13)
44
81
85
183
134
103
149
59
3
(13)
(50)
(50)
2
0
(6)
(17)
1
10
10
(17)
(54)
(111)
(166)
(95)
(56)
(33)
38
(16)
(80)
(33)
505
523
544
533
(29)
(35)
149
132
98
88
(69)
(61)
(41)
(35)
13
276
313
286
267
13
(26)
115
54
21
38
(53)
(59)
(49)
(45)
Income from Continuing Operations
54
59
58
45
35
24
23
(21)
(216)
(215)
(180)
(115)
81
57
(3)
11
23
(65)
(62)
(71)
42
(40)
(167)
(162)
(199)
(127)
(192)
(212)
(314)
(250)
(36)
(231)
(418)
(1 075)
(926)
(1 178)
(800)
(166)
(244)
249
195
151
7
45
(281)
(398)
(1 268)
(1 486)
(1 265)
(1 181)
(369)
(320)
16
319
686
827
697
685
549
563
599
454
762
831
655
654
350
350
396
95
70
23
(1 564)
(1 193)
(830)
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(2)
(3)
(1)
2
4
6
5
2
5
4
4
3
0
(0)
(0)
(0)
(0)
0
0
(1)
(1)
(1)
(1)
(0)
(0)
(0)
(1)
(0)
(0)
(0)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(3)
3
1
15
26
5
1
(22)
5
(9)
(17)
Net Income (Common)
54
N/A
59
+9%
58
-2%
45
-22%
35
-22%
24
-32%
23
-5%
(21)
N/A
(216)
-929%
(215)
+1%
(180)
+16%
(115)
+36%
81
N/A
58
-29%
(3)
N/A
11
N/A
21
+98%
(69)
N/A
(63)
+9%
(69)
-9%
45
N/A
(34)
N/A
(162)
-383%
(160)
+2%
(194)
-21%
(123)
+37%
(189)
-54%
(209)
-11%
(314)
-51%
(251)
+20%
(36)
+86%
(231)
-543%
(418)
-81%
(1 074)
-157%
(926)
+14%
(1 179)
-27%
(801)
+32%
(167)
+79%
(245)
-47%
249
N/A
195
-22%
151
-23%
6
-96%
45
+630%
(281)
N/A
(398)
-42%
(1 268)
-219%
(1 486)
-17%
(1 265)
+15%
(1 181)
+7%
(369)
+69%
(320)
+13%
16
N/A
319
+1 873%
686
+115%
827
+21%
697
-16%
685
-2%
549
-20%
563
+3%
599
+6%
454
-24%
762
+68%
831
+9%
653
-21%
658
+1%
351
-47%
365
+4%
421
+15%
100
-76%
71
-29%
1
-98%
(1 559)
N/A
(1 201)
+23%
(847)
+29%
EPS (Diluted)
0.7
N/A
0.77
+10%
0.76
-1%
0.59
-22%
0.45
-24%
0.31
-31%
0.29
-6%
-0.28
N/A
-2.84
-914%
-2.86
-1%
-1.34
+53%
-1.1
+18%
0.78
N/A
0.55
-29%
-0.03
N/A
0.1
N/A
0.2
+100%
-0.5
N/A
-0.63
-26%
-0.68
-8%
0.43
N/A
-0.33
N/A
-1.57
-376%
-1.51
+4%
-1.36
+10%
-0.76
+44%
-1.37
-80%
-1.39
-1%
-2.16
-55%
-1.55
+28%
-0.24
+85%
-1.55
-546%
-2.35
-52%
-6.03
-157%
-4.82
+20%
-6.14
-27%
-4.17
+32%
-0.87
+79%
-1.13
-30%
1.07
N/A
0.81
-24%
0.67
-17%
0.01
-99%
0.2
+1 900%
-1.27
N/A
-1.8
-42%
-5.76
-220%
-6.5
-13%
-3.39
+48%
-3.16
+7%
-0.99
+69%
-0.85
+14%
0.04
N/A
0.68
+1 600%
1.41
+107%
1.73
+23%
1.33
-23%
1.3
-2%
1.05
-19%
1.07
+2%
1.03
-4%
0.77
-25%
1.32
+71%
1.42
+8%
0.99
-30%
1.13
+14%
0.6
-47%
0.62
+3%
0.64
+3%
0.17
-73%
0.12
-29%
-0.01
N/A
-2.35
-23 400%
-1.79
+24%
-0.72
+60%