BRF S.A(NYSE:BRFS)
BRF S.A. focuses on raising, producing, and slaughtering poultry and pork for processing, production, and sale of fresh meat, processed products, pasta, margarine, and other products. The company's product portfolio comprises meat products, including frozen whole and cut chicken, frozen pork, and be...
Website: http://www.brf-global.com
Founded: 1934
Full Time Employees: 90,000
Sector: Consumer Defensive
Industry: Packaged Foods
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At a glance:
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Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-06-06 | 2025-05-19 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2018-03-30 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-03-31 | 2014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
note | 12.31 | ||||||||||||||||||||||||||||||||||||||||||||
net sales | 13,561,117,000 | 13,239,707 | 35,875,584 | 22,711,655 | 10,867,663 | 35,532,958,000 | 23,288,016,000 | 11,997,860,000 | 33,484,167,000 | 21,333,844,000 | 10,071,859,000 | 34,618,863 | 19,522,706 | 9,291,389 | 22,716,953,000 | 7,063,409,000 | 7,449,045,000 | ||||||||||||||||||||||||||||
yoy | 21.83% | -99.90% | -99.90% | -99.91% | 6.12% | 9.16% | 19.12% | 96622.32% | 109177.08% | 108299.93% | -99.85% | -99.72% | -99.88% | ||||||||||||||||||||||||||||||||
qoq | 57.96% | 108.98% | 52.58% | 94.10% | 56.95% | 111.82% | 77.33% | 110.12% | 221.61% | -5.18% | |||||||||||||||||||||||||||||||||||
cost of sales | -9,924,566,000 | -9,557,198 | -27,473,542 | -17,902,501 | -8,645,982 | -28,883,005,000 | -19,239,866,000 | -9,720,386,000 | -29,098,084,000 | -19,012,457,000 | -9,358,029,000 | -27,573,239 | -15,670,856 | -7,204,997 | -18,633,112,000 | -6,182,886,000 | -5,828,909,000 | ||||||||||||||||||||||||||||
gross profit | 3,636,551,000 | 19,690,670,000 | 2,371,064,000 | 3,682,509 | 8,402,042 | 4,809,154 | 2,221,681 | 6,649,953,000 | 4,048,150,000 | 2,277,474,000 | 4,386,083,000 | 2,321,387,000 | 713,830,000 | 7,045,624 | 3,851,850 | 2,086,392 | 4,083,841,000 | 880,523,000 | 1,620,136,000 | -14,800 | -8,300 | ||||||||||||||||||||||||
yoy | 234255.77% | 49203.14% | 65.75% | -99.87% | -99.88% | -99.90% | 51.61% | 74.38% | 219.05% | 62152.58% | 60166.81% | 34113.61% | -99.83% | -99.56% | -99.87% | -5949579.73% | |||||||||||||||||||||||||||||
qoq | -81.53% | 730.46% | 64287.19% | 74.71% | 116.46% | 64.27% | 77.75% | 88.94% | 225.20% | 82.92% | 84.62% | 363.80% | -45.65% | ||||||||||||||||||||||||||||||||
gross margin % | 26.82% | Infinity% | Infinity% | 27.81% | NaN% | 23.42% | 21.17% | 20.44% | NaN% | 18.71% | 17.38% | 18.98% | NaN% | 13.10% | 10.88% | 7.09% | NaN% | 20.35% | 19.73% | 22.46% | NaN% | 17.98% | 12.47% | 21.75% | NaN% | NaN% | -Infinity% | NaN% | NaN% | NaN% | NaN% | -Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
operating income | |||||||||||||||||||||||||||||||||||||||||||||
yoy | |||||||||||||||||||||||||||||||||||||||||||||
qoq | |||||||||||||||||||||||||||||||||||||||||||||
operating margin % | 0% | NaN% | NaN% | 0% | NaN% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% |
selling expenses | -1,826,302,000 | -11,235,367,000 | -1,644,804 | -4,918,624 | -3,176,085 | -1,523,767 | -4,772,201,000 | -3,141,147,000 | -1,584,564,000 | -4,419,090,000 | -2,715,788,000 | -1,272,112,000 | -4,624,899 | -2,348,974 | -1,103,976 | -3,150,070,000 | -1,057,781,000 | -1,032,567,000 | |||||||||||||||||||||||||||
general and administrative expenses | -179,285,000 | -2,218,427,000 | -111,063 | -421,260 | -304,738 | -129,258 | -310,779,000 | -198,354,000 | -95,086,000 | -328,901,000 | -203,497,000 | -86,740,000 | -573,966 | -225,853 | -98,680 | -360,690,000 | -122,609,000 | -87,281,000 | |||||||||||||||||||||||||||
impairment loss on trade receivables | 3,237,000 | -1,001 | -13,258 | -34,793 | -15,920 | -17,332,000 | -7,392,000 | -5,545,000 | -7,274,000 | -4,988,000 | -3,397,000 | -11,627 | -5,716 | -2,556 | -6,850,000 | 22,024,000 | |||||||||||||||||||||||||||||
other operating income (expenses) | -121,278,000 | -11,352 | 45,268 | 17,561 | 30,130 | 154,321,000 | 134,646,000 | 77,458,000 | 9,368,000 | -12,779,000 | -5,939,000 | 103,581 | 101,389 | 35,010 | -82,861,000 | 147,221,000 | -231,331,000 | ||||||||||||||||||||||||||||
income from associates and joint ventures | -148,388,000 | -542,968 | 3,659,093 | 3,253,777 | 898,641 | -2,264,087,000 | -2,165,467,000 | -1,023,781,000 | -4,360,000 | -644,546,000 | -1,868,686,000 | -694,847 | 976,726 | 7,192,215,000 | 2,086,260,000 | 3,987,252,000 | |||||||||||||||||||||||||||||
income before financial results and income taxes | 1,364,535,000 | 1,371,321 | 1,481,507 | -560,125,000 | -1,329,564,000 | -354,044,000 | -364,174,000 | -1,260,211,000 | -2,523,044,000 | 1,938,713 | 677,849 | 1,892,916 | 7,675,585,000 | 1,955,638,000 | 4,225,107,000 | ||||||||||||||||||||||||||||||
financial income | 243,651,000 | 12,654,204,000 | 4,229,425,000 | 183,202 | 586,734 | 368,238 | 196,746 | 534,208,000 | 308,783,000 | 157,563,000 | 722,052,000 | 355,338,000 | 191,468,000 | 340,283 | 175,441 | 108,871 | 232,713,000 | 66,332,000 | 106,777,000 | ||||||||||||||||||||||||||
financial expenses | -999,824,000 | -18,186,363,000 | -926,626 | -2,886,451 | -1,842,926 | -931,482 | -3,238,504,000 | -2,210,821,000 | -1,058,307,000 | -2,655,907,000 | -1,687,074,000 | -810,994,000 | -2,470,878 | -1,477,049 | -710,929 | -1,942,389,000 | -577,883,000 | -614,740,000 | 12,900 | -19,500 | |||||||||||||||||||||||||
foreign exchange and monetary variations | 334,537,000 | 698,950 | -1,544,514 | -1,519,444 | -252,604 | 347,418,000 | 671,020,000 | 200,051,000 | 203,845,000 | 611,637,000 | 1,826,300,000 | -216,381 | 418,139 | -1,304,691 | -5,396,236,000 | -1,037,987,000 | -3,813,529,000 | ||||||||||||||||||||||||||||
financial income (expenses) | -421,636,000 | -44,474 | -3,844,231 | -2,994,132 | -987,340 | -2,356,878,000 | -1,231,018,000 | -700,693,000 | -1,730,010,000 | -720,099,000 | 1,206,774,000 | -2,346,976 | -883,469 | ||||||||||||||||||||||||||||||||
income before taxes | 942,899,000 | 1,326,847 | 1,570,744 | 494,167 | -2,917,003,000 | -2,560,582,000 | -1,054,737,000 | -2,094,184,000 | -1,980,310,000 | -1,316,270,000 | -408,263 | -205,620 | -13,833 | 569,673,000 | 406,100,000 | ||||||||||||||||||||||||||||||
income taxes | -202,278,000 | -202,412 | -391,729 | -77,999 | 10,826 | 137,062,000 | 167,655,000 | 20,718,000 | -109,045,000 | -100,349,000 | -221,638,000 | -38,818 | 27,206 | 38,275 | -94,933,000 | -102,230,000 | 50,464,000 | ||||||||||||||||||||||||||||
income for the period | 740,621,000 | -1,572,448,000 | -494,883 | -219,700 | 24,442 | 474,740,000 | 303,870,000 | ||||||||||||||||||||||||||||||||||||||
income attributable to | |||||||||||||||||||||||||||||||||||||||||||||
controlling shareholders | 740,621,000 | 1,124,435 | 2,517,301 | 1,492,745 | 504,993 | -2,779,941,000 | -2,392,927,000 | -1,034,019,000 | -2,203,229,000 | -2,080,659,000 | -1,537,908,000 | -454,014 | -178,414 | 24,442 | 474,740,000 | 303,870,000 | -45,921,000 | 114,900 | 202,300 | ||||||||||||||||||||||||||
non-controlling interest | 1,085,469,000 | 6,933 | |||||||||||||||||||||||||||||||||||||||||||
income per share | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding - basic | 808,013,781 | ||||||||||||||||||||||||||||||||||||||||||||
loss per share - basic | |||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares outstanding - diluted | 808,013,781 | ||||||||||||||||||||||||||||||||||||||||||||
income per share - diluted | -0.56 | ||||||||||||||||||||||||||||||||||||||||||||
net sales revenue | 148,860,959,000 | 10,791,159,000 | |||||||||||||||||||||||||||||||||||||||||||
cost of products and goods sold | -129,170,289,000 | ||||||||||||||||||||||||||||||||||||||||||||
operating expenses | -13,753,399,000 | ||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of subsidiaries | -34,585,000 | 14,263,000 | |||||||||||||||||||||||||||||||||||||||||||
other operating income | -265,020,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income before financial income | 5,937,271,000 | 1,435,552,000 | |||||||||||||||||||||||||||||||||||||||||||
net financial result | -5,532,159,000 | ||||||||||||||||||||||||||||||||||||||||||||
net income before taxes | 405,112,000 | ||||||||||||||||||||||||||||||||||||||||||||
income and social contribution taxes | 2,391,309,000 | 2,822,691,000 | |||||||||||||||||||||||||||||||||||||||||||
current income and social contribution taxes | -319,893,000 | 1,036,605,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred income and social contribution taxes | 2,711,202,000 | 1,786,086,000 | |||||||||||||||||||||||||||||||||||||||||||
net profit for the year from continued operations | 2,796,421,000 | 1,710,635,000 | |||||||||||||||||||||||||||||||||||||||||||
net income for the year from discontinued operations | 1,084,449,000 | 1,084,766,000 | |||||||||||||||||||||||||||||||||||||||||||
net income for the year from continuing and discontinued operations | 3,880,870,000 | 2,795,401,000 | |||||||||||||||||||||||||||||||||||||||||||
net income attributable to: | |||||||||||||||||||||||||||||||||||||||||||||
controlling interest – continuing operation | 1,710,635,000 | ||||||||||||||||||||||||||||||||||||||||||||
controlling interest – discontinued operation | 1,084,766,000 | ||||||||||||||||||||||||||||||||||||||||||||
controlling interest | 2,795,401,000 | 2,795,401,000 | |||||||||||||||||||||||||||||||||||||||||||
non-controlling interest – continuing operation | 1,085,786,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest – discontinued operation | -317,000 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share – common continuing operation | 1.893 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share – common discontinued operation | 1.201 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share – common | 3.094 | ||||||||||||||||||||||||||||||||||||||||||||
controlling interest - continuing operation | 1,710,635,000 | ||||||||||||||||||||||||||||||||||||||||||||
controlling interest - discontinued operation | 1,084,766,000 | ||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest - continuing operation | |||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest - discontinued operation | |||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share - common continuing operation | 1.893 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share - common discontinued operation | 1.201 | ||||||||||||||||||||||||||||||||||||||||||||
basic and diluted earnings per share - common | 3.094 | ||||||||||||||||||||||||||||||||||||||||||||
income for the year | 1,124,435 | 1,492,745 | 504,993 | ||||||||||||||||||||||||||||||||||||||||||
income (loss) before financial results and income taxes | 6,753,261 | 4,564,876 | |||||||||||||||||||||||||||||||||||||||||||
income (loss) before taxes | 2,909,030 | ||||||||||||||||||||||||||||||||||||||||||||
income (loss) for the year | 2,517,301 | ||||||||||||||||||||||||||||||||||||||||||||
income (loss) attributable to | |||||||||||||||||||||||||||||||||||||||||||||
income (loss) per share | |||||||||||||||||||||||||||||||||||||||||||||
weighted average shares outstanding - basic | |||||||||||||||||||||||||||||||||||||||||||||
weighted average shares outstanding - diluted | |||||||||||||||||||||||||||||||||||||||||||||
income (loss) per share - diluted | |||||||||||||||||||||||||||||||||||||||||||||
continuing operations | |||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | -2,779,941,000 | -2,392,927,000 | -1,034,019,000 | -2,203,229,000 | -2,080,659,000 | -1,537,908,000 | -447,081 | -178,414 | 474,740,000 | 303,870,000 | -45,921,000 | ||||||||||||||||||||||||||||||||||
income from discontinued operations | -50,948,000 | -50,948,000 | -34,540,000 | -47,802 | -41,286 | ||||||||||||||||||||||||||||||||||||||||
loss for the period | -2,779,941,000 | -2,392,927,000 | -1,034,019,000 | -2,254,177,000 | -2,131,607,000 | -45,921,000 | |||||||||||||||||||||||||||||||||||||||
net income from continuing operation attributable to | |||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operations attributable to | |||||||||||||||||||||||||||||||||||||||||||||
loss per share from continued operations | |||||||||||||||||||||||||||||||||||||||||||||
loss per share - diluted | |||||||||||||||||||||||||||||||||||||||||||||
loss per share from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
income per share from continued operations | |||||||||||||||||||||||||||||||||||||||||||||
income per share - basic | -0.56 | ||||||||||||||||||||||||||||||||||||||||||||
losse per share - basic | |||||||||||||||||||||||||||||||||||||||||||||
losse per share - diluted | |||||||||||||||||||||||||||||||||||||||||||||
losses per share - basic | -0.06 | ||||||||||||||||||||||||||||||||||||||||||||
losses per share - diluted | -0.06 | ||||||||||||||||||||||||||||||||||||||||||||
losses per share from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
net income attributable to | |||||||||||||||||||||||||||||||||||||||||||||
discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
net income from discontinued operation attributable to | |||||||||||||||||||||||||||||||||||||||||||||
income per share from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||
income (losses) per share from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
income (losses) per share - basic | |||||||||||||||||||||||||||||||||||||||||||||
income (losses) per share - diluted | |||||||||||||||||||||||||||||||||||||||||||||
impairment loss on trade and other receivables | -31,102,000 | ||||||||||||||||||||||||||||||||||||||||||||
income before taxes from continuing operations | -96,385,000 | ||||||||||||||||||||||||||||||||||||||||||||
losses per share from continuing operations | |||||||||||||||||||||||||||||||||||||||||||||
net revenue | 6,600 | -800 | |||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 12,000 | 1,400 | |||||||||||||||||||||||||||||||||||||||||||
operating revenues | 7,200 | ||||||||||||||||||||||||||||||||||||||||||||
sales | 19,200 | -4,700 | |||||||||||||||||||||||||||||||||||||||||||
general and administrative | -31,400 | -900 | |||||||||||||||||||||||||||||||||||||||||||
other operating expenses | -105,800 | 349,800 | |||||||||||||||||||||||||||||||||||||||||||
equity income | -21,000 | -23,600 | |||||||||||||||||||||||||||||||||||||||||||
profit before financial result | -131,100 | -59,400 | |||||||||||||||||||||||||||||||||||||||||||
financial revenues | 5,500 | -34,900 | |||||||||||||||||||||||||||||||||||||||||||
income before income tax and social contribution | 100,900 | 323,800 | |||||||||||||||||||||||||||||||||||||||||||
current income tax and social contribution | -116,500 | -110,800 | |||||||||||||||||||||||||||||||||||||||||||
deferred income tax and social contribution | 61,500 | 121,000 | |||||||||||||||||||||||||||||||||||||||||||
descontinued operations | |||||||||||||||||||||||||||||||||||||||||||||
net result of descontinued operations | 118,700 | ||||||||||||||||||||||||||||||||||||||||||||
net income of the year | 1,680,200 | 199,100 | |||||||||||||||||||||||||||||||||||||||||||
attributable to | 306,400 | ||||||||||||||||||||||||||||||||||||||||||||
non-controlling shareholders | -97,100 | 429,700 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-06-06 | 2023-09-30 | 2022-02-11 | 2021-09-30 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2016-03-31 | 2015-12-31 | 2014-07-03 |
|---|---|---|---|---|---|---|---|---|---|---|
current assets | ||||||||||
cash and cash equivalents | 3,855,210,000 | 938 | 4,869,600 | 6,010,800,000 | 6,356,900,000 | 13.3 | 5,362,900,000 | |||
financial investments and marketable securities | 16,121,532,000 | |||||||||
trade accounts receivable | 7,919,133,000 | 2,604,900 | 3,919,000,000 | 3,085,100,000 | 9.6 | 3,876,300,000 | ||||
inventories | 11,062,645,000 | 54,517 | 3,877,300 | 4,948,200,000 | 4,791,600,000 | 10 | 4,032,900,000 | |||
biological assets | 3,724,163,000 | 3.3 | ||||||||
recoverable taxes | 3,801,014,000 | 27,748 | 3 | |||||||
prepaid expenses | 644,435,000 | |||||||||
notes receivable | 34,280,000 | 0.8 | ||||||||
advances to suppliers | 419,009,000 | |||||||||
derivative financial instruments | 253,747,000 | |||||||||
restricted cash | 262,686,000 | 3.3 | ||||||||
dividends receivable | 1,169,000 | |||||||||
other receivables | 610,991,000 | |||||||||
assets held for sale | 1,343,629,000 | 3,326,300 | ||||||||
total current assets | 50,053,643,000 | 19,030,900 | 19,185,400,000 | 18,893,700,000 | 47.5 | 19,180,100,000 | ||||
non-current assets | ||||||||||
judicial deposits | 489,427,000 | 1.8 | ||||||||
deferred income and social contribution taxes | 5,108,406,000 | 3.1 | ||||||||
investments | 700,270,000 | |||||||||
investment property | 120,317,000 | |||||||||
property, plant and equipment | 40,427,521,000 | 139,042 | 10,697,000 | 12,190,600,000 | 11,746,200,000 | 10,915,800,000 | ||||
right-of-use assets | 4,775,229,000 | |||||||||
intangible assets | 19,671,286,000 | 206,553 | 5,019,400 | 7,197,600,000 | 6,672,600,000 | 5,010,900,000 | ||||
total non-current assets | 85,300,703,000 | 23,351,500 | 26,043,100,000 | 24,051,200,000 | 52.5 | 21,207,900,000 | ||||
total assets | 135,354,346,000 | 42,382,400 | 45,228,500,000 | 42,944,900,000 | 100 | 40,388,000,000 | ||||
current liabilities | ||||||||||
trade accounts payable | 20,897,879,000 | 5,778,000 | 55,919 | 5,552,400 | 6,445,500,000 | 5,839,800,000 | 11.7 | 4,745,000,000 | ||
accrued payroll and related charges | 2,372,190,000 | |||||||||
taxes payable | 1,215,626,000 | 11,487 | ||||||||
loans, financing and debentures | 6,621,740,000 | |||||||||
advances from customers | 5,570,128,000 | |||||||||
lease payable | 1,246,651,000 | |||||||||
notes payable | 272,447,000 | |||||||||
provision for contingencies | 721,318,000 | |||||||||
dividends and interest on equity paid | 2,971,000 | |||||||||
other payables | 1,150,340,000 | |||||||||
liabilities related to held-for-sale assets | 847,228,000 | |||||||||
total current liabilities | 41,023,517,000 | 14,488,600 | 14,907,900,000 | 12,640,400,000 | 28.8 | 11,621,200,000 | ||||
non-current liabilities | ||||||||||
total non-current liabilities | 74,279,957,000 | 20,362,000 | 18,607,800,000 | 18,085,100,000 | 37 | 14,930,800,000 | ||||
equity | ||||||||||
share capital | 10,367,391,000 | |||||||||
capital reserve and treasury shares | ||||||||||
legal reserve | 624,664,000 | |||||||||
tax incentive reserve | 964,286,000 | |||||||||
earnings reserve | 2,637,330,000 | |||||||||
other comprehensive income | ||||||||||
equity amounts related to assets held for sale | ||||||||||
retained earnings | 88,132,000 | |||||||||
controlling shareholders’ equity | 2,816,466,000 | |||||||||
non-controlling interest | 17,234,406,000 | |||||||||
total equity | 20,050,872,000 | 7,531,800 | 11,712,900,000 | |||||||
total liabilities and equity | 135,354,346,000 | 42,382,400 | 45,228,500,000 | |||||||
non derivative financial liabilities | ||||||||||
loans and borrowings | 3,948,651,000 | 22,688 | ||||||||
principal | 2,839,213,000 | |||||||||
interest | 1,109,438,000 | |||||||||
supply chain finance | 2.9 | |||||||||
lease liabilities | 515,998,000 | |||||||||
derivative financial liabilities | ||||||||||
financial instruments designated as cash flow hedge | ||||||||||
interest rate derivatives | ||||||||||
currency derivatives | ||||||||||
commodities derivatives | ||||||||||
financial instruments not designated as cash flow hedge | ||||||||||
23.4. | ||||||||||
23.4.1. | ||||||||||
brf s.a. | condensed consolidated interim financial information – september 30, 2021 | ||||||||||
table of contents | ||||||||||
09.30.21 | 12,310 | |||||||||
fair value hedge - derivative instruments | ||||||||||
interest rate swap | ||||||||||
corresponds to the accumulated amount of fair value hedge adjustments on the hedged items, included in the carrying amount of the debentures. | ||||||||||
23.4.2. | ||||||||||
i. | ||||||||||
other assets and liabilities | ||||||||||
exposure of assets and liabilities in foreign currencies | ||||||||||
exposure in result | ||||||||||
net p&l exposure | ||||||||||
argentinian peso | ||||||||||
angolan kwanza | ||||||||||
euros | ||||||||||
yen | ||||||||||
turkish liras | ||||||||||
u.s. dollars | ||||||||||
total | 523,866 | -38,818,000 | ||||||||
derivative instruments not designated | ||||||||||
non-deliverable forward | 265,000,000 | |||||||||
futures - b3 | 358,000,000 | |||||||||
currency swap | 47,583,000 | |||||||||
ii. | ||||||||||
cash flow hedge - derivative instruments | ||||||||||
collar | ||||||||||
cash flow hedge - non-derivative instruments | ||||||||||
bond brf sa brfsbz 5 7/8 | ||||||||||
bond brf sa brfsbz 3.95 | ||||||||||
corresponds to the effective portion of the hedge result accumulated in other comprehensive income. | ||||||||||
iii. | ||||||||||
net investment hedge - non-derivative instruments | ||||||||||
bond - brf sa brfsbz 4.35 | 75,673,000 | |||||||||
23.4.3. | ||||||||||
non-deliverable forward - buy | ||||||||||
collar - buy | ||||||||||
base price of each commodity in usd/ton, except for corn – b3 denominated in r/ton. | ||||||||||
non-deliverable forward - sell | ||||||||||
corn future - sell | ||||||||||
collar - sell | ||||||||||
put - buy | ||||||||||
23.5. | ||||||||||
income for the period | ||||||||||
jul - sep 2021 | ||||||||||
net sales | ||||||||||
derivatives result | ||||||||||
net revenue | ||||||||||
cost of sales | ||||||||||
interests on loans and borrowings | ||||||||||
interest rate derivatives result | ||||||||||
foreign exchange variation on assets and liabilities | ||||||||||
foreign exchange derivatives result | ||||||||||
effects on financial result | ||||||||||
derivative instruments - current | ||||||||||
non-derivative instruments – current | ||||||||||
non-derivative instruments – non-current | ||||||||||
non-derivative instruments - non-current | ||||||||||
jan - sep 2021 | ||||||||||
all effects are presented gross of taxes. | ||||||||||
statement of financial position | ||||||||||
designated derivatives | ||||||||||
not designated derivatives | ||||||||||
asset / (liability) net | ||||||||||
includes r(2,192) related to the time value of the foreign exchange option contracts, and r(234) related to the time value of the commodity options contracts. | ||||||||||
12.31.20 | ||||||||||
assets | ||||||||||
designated as hedge accounting | ||||||||||
not designated as hedge accounting | ||||||||||
liabilities | ||||||||||
23.6. | ||||||||||
exchange rate - balance | ||||||||||
usd | ||||||||||
monetary assets and liabilities | ||||||||||
derivative instruments - not designated | ||||||||||
net effect | ||||||||||
eur | ||||||||||
jpy | ||||||||||
try | ||||||||||
aoa | ||||||||||
exchange rate - operating results | ||||||||||
revenue in usd | ||||||||||
ndf | ||||||||||
loans - designated | ||||||||||
operating results - commodities | ||||||||||
soy grain - cbot | ||||||||||
soybean meal - cbot | ||||||||||
soybean oil - cbot | ||||||||||
corn - cbot | ||||||||||
corn - b3 | ||||||||||
put | ||||||||||
23.7. | ||||||||||
amortized cost | ||||||||||
cash and bank | ||||||||||
cash equivalents | ||||||||||
marketable securities | 29,824 | 1.8 | ||||||||
derivatives not designated | ||||||||||
derivatives designated as hedge accounting | ||||||||||
written option– business combination | ||||||||||
all derivatives are classified at fair value through profit and loss. those designated as hedge accounting instruments have their gains and losses also affecting equity and inventories. | ||||||||||
the part of the loans and borrowings the is object in a fair value hedge is classified as fair value through profit and loss. the rest of the loans and borrowings balance is classified as amortized cost and those designated as cash flow or net investment hedge accounting instruments have their gains and losses also affecting equity. | ||||||||||
23.8. | ||||||||||
» | ||||||||||
level 1 | ||||||||||
financial assets | ||||||||||
fair value through other comprehensive income | ||||||||||
stocks | 42,029,000 | |||||||||
fair value through profit and loss | ||||||||||
savings account and overnight | 1,220,232,000 | |||||||||
term deposits | 250,189,000 | |||||||||
bank deposit certificates | ||||||||||
financial treasury bills | 312,515,000 | |||||||||
investment funds | 21,371,000 | |||||||||
derivatives | ||||||||||
financial liabilities | ||||||||||
976,007 | 1,846,336,000 | |||||||||
brf s.a. | ||||||||||
brf sa brfsbz 5 7/8 | ||||||||||
brf sa brfsbz 4 3/4 | ||||||||||
brf sa brfsbz 3.95 | ||||||||||
brf sa brfsbz 2 3/4 | ||||||||||
brf sa brfsbz 4 7/8 | ||||||||||
brf sa brfsbz 5 3/4 | ||||||||||
debenture - 1st issue | ||||||||||
debenture - 2nd issue | ||||||||||
debenture - 3rd issue | ||||||||||
brf gmbh | ||||||||||
brf sa brfsbz 4.35 | ||||||||||
23.8.1. | ||||||||||
brf s.a. | 2022 and 2021 consolidated financial statements | ||||||||||
1.5.1. | ||||||||||
the fair value of the acquired assets and assumed liabilities in the business combination is presented below: | ||||||||||
mogiana group combined | ||||||||||
trade and other receivables | 59,758 | |||||||||
other current and non-current assets | 5,486 | |||||||||
lease liability | 10,168 | |||||||||
payroll, related charges and employee profit sharing | 6,296 | |||||||||
benefit from tax, civil and labor risks | 34,976 | |||||||||
employee benefits | 2,081 | |||||||||
deferred income taxes | 815 | |||||||||
other current and non-current liabilities | 16,932 | |||||||||
net assets acquired | 362,504 | |||||||||
fair value of consideration transferred | 477,408 | |||||||||
goodwill | 114,904 | |||||||||
income before taxes - continued operations | -408,263,000 | |||||||||
nominal tax rate | 34,000 | |||||||||
benefit (expense) at nominal rate | 138,809,000 | |||||||||
adjustments to income taxes | ||||||||||
difference of tax rates on results of foreign subsidiaries | 26,062,000 | |||||||||
difference of functional currency of foreign subsidiaries | -25,589,000 | |||||||||
deferred tax assets not recognized | -792,387,000 | |||||||||
share-based payment | -18,215,000 | |||||||||
penalties | -7,012,000 | |||||||||
investment grant | 59,454,000 | |||||||||
adjustment to the expcted annual rate | 557,112,000 | |||||||||
other permanent differences | 22,948,000 | |||||||||
effective rate | -9,500 | |||||||||
current tax | -310,621,000 | |||||||||
deferred tax | 271,803,000 | |||||||||
amount related to the non-recognition of deferred tax on tax losses carryforward in the amount of r2,330,550, due to limited capacity of realization (note 10.2). | ||||||||||
32 | ||||||||||
33 | ||||||||||
balance sheet data | ||||||||||
short-term debt | 4,547,400 | 5,031,400,000 | 3,245,000,000 | 2,628,200,000 | ||||||
long-term debt | 17,618,100 | 15,413,000,000 | 15,717,400,000 | 31.1 | 12,551,100,000 | |||||
capital | 12,460,500 | 12,460,500,000 | 12,460,500,000 | 12,460,500,000 | ||||||
shareholders’ equity | ||||||||||
total shareholders' equity | 12,219,400,000 | 34.3 | 13,836,000,000 | |||||||
total liabilities and shareholders’ equity | 42,944,900,000 | 40,388,000,000 | ||||||||
current | ||||||||||
interest on shareholders' equity receivable | 0.1 | |||||||||
other financial assets | 0.3 | |||||||||
other current assets | 1.9 | |||||||||
19,147,601 | 47.4 | |||||||||
assets of discontinued operations and held for sale | 0.1 | |||||||||
receivables from related parties | ||||||||||
other non-current assets | 0.5 | |||||||||
investments inassociates and join ventures | 0.5 | |||||||||
property, plan and equipment | 27 | |||||||||
intangible | 12.4 | |||||||||
balance sheets | ||||||||||
amounts in thousand of reais | ||||||||||
payroll and related charges | 1.2 | |||||||||
tax payable | 0.9 | |||||||||
interest on shareholders' equity | 1.3 | |||||||||
employee and management profit saring | 0.7 | |||||||||
other financial liabilities | 1.7 | |||||||||
provision for tax, civil and labor risks | 0.6 | |||||||||
pension and other post-employment plans | 0.2 | |||||||||
other current liabilities | 1.1 | |||||||||
11,621,113 | 28.8 | |||||||||
liabilities of discontinued operations | ||||||||||
other non-current liabilities | 2.4 | |||||||||
shareholders' equity | ||||||||||
capital reserves | ||||||||||
income reserves | 15 | |||||||||
treasury shares | -9.8 | |||||||||
other comprehensive loss | -2.7 | |||||||||
equity attributable to interest of controlling shareholde | 33.5 | |||||||||
equity attributable to non-controlling interest | 0.8 | |||||||||
total liabilities and shareholders' equity | 100 | |||||||||
to support the fair value of assets acquired | ||||||||||
and liabilities assumed in determining the | ||||||||||
purchase price allocation, as follows: | ||||||||||
cash - consideration paid for | ||||||||||
acquisition of 40% of equity interest | ||||||||||
fair value of equity interest in akf | ||||||||||
immediately before acquisition of | ||||||||||
40% of equity interest | ||||||||||
transaction preliminary goodwill generated in | ||||||||||
allocation of relationship with | ||||||||||
customers | ||||||||||
deferred income tax | ||||||||||
goodwill in the acquisition of equity | ||||||||||
corresponding to assets (current and non-current) of | ||||||||||
r29.112 and liabilities (current and non-current) of | ||||||||||
r23.863. | ||||||||||
additionally, brf has a commitment to | ||||||||||
acquire the remaining equity interest of akf | ||||||||||
within 36 to 90 months from the acquisition |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-06-30 | 2025-05-19 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2021-12-31 |
|---|---|---|---|---|---|---|
cash flows from operating activities | ||||||
income for the period | 1,865,056,000 | |||||
adjustments for: | ||||||
depreciation and amortization | 773,338,000 | 179,391,000 | 1,139,297 | 755,102 | 376,823 | |
depreciation and depletion of biological assets | 656,743,000 | 1,009,691 | 671,937 | 335,242 | ||
result on disposal of property, plant and equipments, investment and intangible | 12,162,000 | |||||
provision for tax, civil and labor risks | 248,454,000 | 238,113 | 177,010 | 78,432 | ||
income from investments under the equity method | 691,356,000 | -3,658,951 | -3,253,777 | -898,641 | ||
financial results | 466,110,000 | 3,844,231 | 2,994,132 | 987,340 | ||
deferred income tax | 322,435,000 | 384,212 | 63,317 | -10,623 | ||
short-term employee benefits | 345,005 | 274,597 | 87,188 | |||
other | 224,658,000 | -10,279 | 35,703 | 13,033 | ||
changes in assets and liabilities: | ||||||
trade accounts and notes receivables | 2,507,389,000 | 1,376,981 | -437,482 | 1,406,005 | ||
inventories | -349,220,000 | -538,316 | 427,799 | 412,615 | ||
biological assets - current | -228,983,000 | 38,314 | -9,218 | -81,697 | ||
trade accounts payable | 217,272,000 | -2,821,433 | -359,214 | -957,735 | ||
cash generated by operating activities | 7,406,770,000 | 3,831,313 | 2,816,305 | 2,235,260 | ||
redemptions (investments) in securities at fvtpl | 1,285,000 | 271,212 | 8,987 | 5,839 | ||
interest received | 235,674,000 | 424,894 | 146,045 | 83,426 | ||
dividends and interest on shareholders' equity received | 13 | 13 | ||||
payment of tax, civil and labor provisions | -233,221,000 | -203,291 | -144,410 | -76,904 | ||
derivative financial instruments | 114,741,000 | 438,219,000 | 353 | -74,644 | -57,077 | |
other operating assets and liabilities | -1,722,051,000 | 2,277,677 | 1,377,435 | -689,052 | ||
net cash from operating activities | 5,803,198,000 | 6,602,171 | 4,129,731 | 1,501,492 | ||
capital expenditures | -602,360,000 | -424,845 | -250,782 | -120,860 | ||
free cash flows | 5,200,838,000 | 6,177,326 | 3,878,949 | 1,380,632 | ||
cash flows from investing activities | ||||||
redemption (additions) on investments in securities at amortized cost | ||||||
(constitution) redemption of restricted cash | -8,665,000 | |||||
investments in securities at fvtoci | -80,138,000 | -922,937 | -830,623 | |||
additions to property, plant and equipment | -602,360,000 | -424,845 | -250,782 | -120,860 | ||
additions to biological assets - non-current | -724,734,000 | -975,258 | -651,662 | -323,309 | ||
proceeds from disposals of property, plant, equipments and investment | 9,822,000 | 74,486 | 58,433 | 29,933 | ||
additions to intangible | -124,688,000 | -131,226 | -106,748 | -40,572 | ||
aquisição de participação em coligadas e joint ventures | 2,922,000 | |||||
capital increase in subsidiaries | -60,000,000 | 46,222 | 47,221 | -10,000 | ||
net cash from investing activities | -1,587,841,000 | -2,333,557 | -1,734,161 | -464,808 | ||
cash flows from financing activities | ||||||
proceeds from debt issuance | 1,187,623,000 | 2,005,582 | 1,981,490 | 19,647 | ||
repayment of debt | -286,643,000 | -3,594,406 | -1,213,151 | -404,307 | ||
payment of interest | -606,187,000 | -1,238,429 | -654,916 | -461,358 | ||
payment of interest derivatives - fair value hedge | -66,428,000 | -235,998 | -153,452 | -85,737 | ||
treasury shares acquisition | -416,741,000 | -844,122 | -348,272 | -135,094 | ||
dividends and interests on shareholders' equity paid | ||||||
payment of lease liabilities | -320,217,000 | -495,525 | -325,196 | -154,295 | ||
net cash from financing activities | -508,593,000 | -4,402,898 | -713,497 | |||
effect of exchange rate variation on cash and cash equivalents | 1,191,000 | -119,981 | 15,050 | 6,855 | 149,798,432 | |
net increase in cash and cash equivalents | 3,707,955,000 | -254,265 | 1,697,123 | -177,605 | ||
balance at the beginning at the period | 3,989,024,000 | |||||
balance at the end of the period | 7,696,979,000 | 4,447,284 | 6,398,672 | 4,523,944 | ||
net income from continuing operations in the year | 1,710,635,000 | |||||
non-cash items | ||||||
non-controlling interest | ||||||
provision for contingencies | 86,372,000 | |||||
deferred taxes and tax liabilities | ||||||
equity in earnings of subsidiaries | ||||||
exchange variation on financing | 1,238,252,000 | |||||
exchange variation on other assets and liabilities | ||||||
interest expenses on financial debt | 1,694,261,000 | |||||
interest expenses on finance lease | 1,227,000 | |||||
cost with issue of financial operations | 45,349,000 | |||||
adjustment to present value and market-to-market | 100,000 | |||||
estimated (reversion) losses on inventories | ||||||
estimated losses on doubtful accounts | 581,000 | |||||
estimated losses on non-realization of recoverable taxes | 30,000,000 | |||||
revaluation of investment property | ||||||
gain on fair value adjustment | ||||||
other non-cash effects | 17,955,000 | |||||
equity changes | ||||||
trade accounts receivable | ||||||
judicial deposits and contingencies | ||||||
accrued payroll and related charges | 121,661,000 | |||||
trade accounts payable and supplier chain financing | ||||||
current and deferred taxes | ||||||
notes receivable and payable | 3,165,208,000 | |||||
other assets and liabilities | ||||||
cash flow from operating activities | 156,235,000 | |||||
investments | ||||||
investments in fixed assets | ||||||
investments in non-current biological assets | ||||||
investments in intangible assets | ||||||
financial investments and marketable securities | ||||||
cash flow used in investing activities | ||||||
loans and financing | 600,919,000 | |||||
loans obtained | 6,400,446,000 | |||||
loans settled | ||||||
payment of derivatives - fair value hedge | ||||||
leases paid | -5,394,000 | |||||
treasury shares | ||||||
capital increase | ||||||
share issuance expenses | ||||||
dividends and interest on equity received | 194,303,000 | |||||
cash flow from financing activities | 228,858,000 | |||||
exchange variation on cash and equivalents | 489,021,000 | |||||
discontinued operations net of cash | 3,693,234,000 | |||||
cash flow in the year | ||||||
cash and cash equivalents | ||||||
balance at end of year | 732,320,000 | |||||
balance at beginning of year | 1,940,237,000 | |||||
change in the year | ||||||
income (loss) from continuing operations | 2,517,301 | |||||
result on disposal of property, plant and equipments and intangible | -32,853 | -16,346 | -17,715 | |||
redemption of restricted cash | 1 | |||||
capital increase in affiliates | ||||||
capital increase through issuance of shares | ||||||
balance at the beginning of the period | 4,701,549 | 4,701,549 | 4,701,549 | |||
income from continuing operations | 1,492,745 | 504,993 | ||||
benefit from contingencies | ||||||
cash flow provided by operating activities | ||||||
cash flow provided by financing activities | ||||||
net cash provided (used in) by financing activities | -1,221,144 | |||||
result on disposal of property, plant and equipments and investment | ||||||
write-down of inventories to net realizable value | ||||||
benefit from tax, civil and labor risks | ||||||
tax recoveries and gains in tax lawsuits | ||||||
gratuities for the employees | ||||||
other provisions | ||||||
additions to intangible assets | ||||||
business combination, net of cash | ||||||
operating activities | ||||||
investments in securities at fvtpl | ||||||
redemptions of securities at fvtpl | ||||||
investing activities | ||||||
additions on investments in securities at amortized cost | ||||||
redemptions of securities at amortized cost | ||||||
financing activities | ||||||
investments in securities at amortized cost | ||||||
employee profit sharing | ||||||
supply chain finance | ||||||
redemptions of securities at fvtoci | ||||||
sale of participation in subsidiaries with loss of control | ||||||
net cash from investing activities from discontinued operations | ||||||
acquisition of non-controlling interests | ||||||
net cash from operating activities⁽1⁾ | ||||||
net cash invested in investing activities | ||||||
net cash from financing activities⁽1⁾ | ||||||
net increase in the balance of cash and cash equivalents | ||||||
cash flow provided by operating activities before working capital | ||||||
payment of income taxes | ||||||
acquisition of participation in joint ventures and subsidiaries | ||||||
cash generated (applied) by operating activities | ||||||
capital increase in associates | ||||||
income | ||||||
impairment | ||||||
result on disposals of property, plant and equipments | ||||||
income from associates and joint ventures | ||||||
payment of income tax and social contribution | ||||||
net cash applied by operating activities from discontinued operations | ||||||
proceeds from disposals of property, plant, equipment and investments | ||||||
sale of participation in associated entities | ||||||
sale (acquisition) of participation in joint ventures and associated entities | ||||||
capital increase in associates and joint ventures | ||||||
advance for future capital increase | ||||||
net cash provided (used in) investing activities | ||||||
net cash provided (used in) investing activities from discontinued operations | ||||||
net cash provided (used in) by financing activities from discontinued operations | ||||||
at the beginning of the period | ||||||
at the end of the period | ||||||
cash (applied) generated by operating activities | ||||||
net cash (applied) provided by operating activities | ||||||
net cash (applied) provided by operating activities from discontinued operations | ||||||
redemption (investments) of restricted cash | ||||||
benefit from losses in inventories | ||||||
gains in tax lawsuit | ||||||
others | ||||||
redemption (investments) in restricted cash | ||||||
cash flow | ||||||
net cash from (used) in investing activities |
