BRF S.A.

CIK:0001122491|SEC Filings

Consolidated Statements of Income (Loss) - BRL (R$) R$ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CONTINUING OPERATIONS
NET SALES	R$ 61,379,038	R$ 53,615,440	R$ 53,805,028
Cost of sales	(45,543,222)	(44,781,739)	(45,672,376)
GROSS PROFIT	15,835,816	8,833,701	8,132,652
OPERATING INCOME (EXPENSES)
Selling expenses	(8,082,662)	(7,454,163)	(7,067,148)
General and administrative expenses	(953,059)	(757,836)	(644,827)
Impairment loss on trade receivables	(28,817)	(32,809)	(12,772)
Other operating income (expenses), net	82,783	250,512	(545,270)
Income from associates and joint ventures	(13,675)	(3,264)	1,076
INCOME (LOSS) BEFORE FINANCIAL RESULTS AND INCOME TAXES	6,840,386	836,141	(136,289)
Financial income	1,225,792	1,202,520	1,082,935
Financial expenses	(3,645,839)	(4,136,312)	(3,585,765)
Foreign exchange and monetary variations	629,534	112,945	(165,925)
FINANCIAL INCOME (EXPENSES), NET	(1,790,513)	(2,820,847)	(2,668,755)
INCOME (LOSS) BEFORE TAXES	5,049,873	(1,984,706)	(2,805,044)
Income taxes	(1,357,969)	115,854	(285,634)
INCOME (LOSS) FROM CONTINUING OPERATIONS	3,691,904	(1,868,852)	(3,090,678)
INCOME (LOSS) FROM DISCONTINUED OPERATIONS			(50,948)
INCOME (LOSS) FOR THE YEAR	3,691,904	(1,868,852)	(3,141,626)
Income (Loss) From Continuing Operations Attributable to
Controlling shareholders	3,213,274	(2,028,559)	(3,115,455)
Non-controlling interest	478,630	159,707	24,777
INCOME (LOSS) FROM CONTINUING OPERATIONS	3,691,904	(1,868,852)	(3,090,678)
Net Loss From Discontinued Operations Attributable to
Controlling shareholders			(50,948)
Non-controlling interest
INCOME (LOSS) PER SHARE FROM CONTINUED OPERATIONS
Weighted average shares outstanding - basic	1,653,093,656	1,360,268,402	1,052,606,000
Income (loss) per share - basic	R$ 1.94379	R$ (1.49129)	R$ (2.95975)
Weighted average shares outstanding - diluted	1,655,501,136	1,360,268,402	1,052,606,000
Income (loss) per share - diluted	R$ 1.94097	R$ (1.49129)	R$ (2.95975)
Discontinued operations [member]
INCOME (LOSS) PER SHARE FROM CONTINUED OPERATIONS
Weighted average shares outstanding - basic	1,653,093,656	1,360,268,402	1,052,606,000
Income (loss) per share - basic			R$ (0.04840)
Weighted average shares outstanding - diluted	1,655,501,136	1,360,268,402	1,052,606,000
Income (loss) per share - diluted			R$ (0.04840)

Consolidated Statements of Cash Flows - BRL (R$)
R$ in Thousands

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

CASH FLOWS FROM OPERATING ACTIVITIES

Income (loss) from continuing operations

R$ 3,691,904

R$ (1,868,852)

R$ (3,090,678)

Adjustments for:

Depreciation and amortization

2,006,113

1,834,232

1,777,703

Depreciation and depletion of biological assets

1,518,391

1,390,550

1,214,002

Result on disposal of property, plant and equipments, investment and intangible

(163,983)

(63,229)

3,985

Provision for tax, civil and labor risks

1,349,026

271,063

341,038

Income from investments under the equity method

13,675

3,264

(1,076)

Financial results, net

1,790,513

2,820,850

2,668,755

Deferred income tax

8,180

(244,172)

208,060

Other

808,446

(159,748)

561,060

Cash flow provided by operating activities before working capital

11,022,265

3,983,958

3,682,849

Changes in assets and liabilities:

Trade accounts and notes receivables

(14,552)

(606,550)

(144,597)

Inventories

545,882

1,961,810

712,913

Biological assets - current

(134,427)

385,027

(296,934)

Trade accounts payable

(1,155,516)

(3,295,127)

(1,366,667)

Cash generated by operating activities

10,263,652

2,429,118

2,587,564

Redemptions (investments) in securities at FVTPL

^[1]

272,942

18,768

4,093

Interest received

923,798

455,827

281,989

Dividends and interest on shareholders' equity received

(851)

Payment of tax, civil and labor provisions

(260,967)

(397,872)

(292,385)

Derivative financial instruments

(154,476)

(237,773)

(1,191,475)

Other operating assets and liabilities

(268,207)

1,672,180

486,598

Net cash provided by operating activities

10,776,742

3,939,397

1,876,384

CASH FLOWS FROM INVESTING ACTIVITIES

Redemption (additions) on investments in securities at amortized cost

36,425

(60,711)

1,111

Investments in securities at FVTOCI

^[2]

(886,751)

Redemption of restricted cash

(258,484)

12,851

(2,074)

Additions to property, plant and equipment

(809,765)

(791,817)

(1,452,733)

Additions to biological assets - non-current

(1,454,225)

(1,457,174)

(1,387,669)

Proceeds from disposals of property, plant, equipments and investment

78,339

167,704

62,545

Additions to intangible

(158,945)

(167,601)

(228,734)

Business combination, net of cash

(158,348)

Capital increase in affiliates

(45,173)

(768)

(92,885)

Capital increase in subsidiaries

183,672

Net cash used in investing activities

(3,498,579)

(2,113,844)

(3,258,787)

CASH FLOWS FROM FINANCING ACTIVITIES

Proceeds from debt issuance

2,344,762

3,836,483

3,392,613

Repayment of debt

(3,986,019)

(6,889,936)

(3,984,422)

Payment of interest

(1,676,827)

(1,679,825)

(1,518,301)

Payment of interest derivatives - fair value hedge

(110,041)

(699,345)

(252,662)

Capital increase through issuance of shares

5,313,241

5,275,444

Treasury shares acquisition

(1,288,242)

Dividends and interests on shareholders' equity paid

(1,144,453)

Acquisition of non-controlling interests

(7,288)

Payment of lease liabilities

(866,492)

(742,455)

(649,846)

Net cash provided (used in) financing activities

(6,727,312)

(861,837)

2,255,538

Effect of exchange rate variation on cash and cash equivalents

1,349,849

170,019

(271,026)

Net increase (decrease) in cash and cash equivalents

1,900,700

1,133,735

602,109

Balance at the beginning of the year

9,264,664

8,130,929

7,528,820

Balance at the end of the year

R$ 11,165,364

R$ 9,264,664

R$ 8,130,929

[1]	FVTPL: Fair Value through Profit or Loss.
[2]	FVTOCI: Fair Value through Other Comprehensive Income.

Consolidated Statements of Financial Position - BRL (R$) R$ in Thousands	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	R$ 11,165,364	R$ 9,264,664
Marketable securities	894,080	447,878
Trade receivables	6,075,013	4,766,071
Notes receivable	32,302	64,731
Inventories	6,728,002	6,628,890
Biological assets	2,844,633	2,702,164
Recoverable taxes	2,214,186	1,517,548
Derivative financial instruments	63,033	109,222
Prepaid expenses	176,290	166,230
Advances	114,469	123,319
Restricted cash	276,025	13,814
Assets held for sale	3,445	7,204
Other current assets	243,643	142,527
Total current assets	30,830,485	25,954,262
LONG-TERM RECEIVALBLES
Marketable securities	323,811	319,995
Trade receivables	22,620	5,897
Notes receivable	8,035	1,530
Recoverable taxes	4,545,446	5,000,740
Deferred income taxes	2,331,012	2,113,108
Judicial deposits	422,333	415,718
Biological assets	1,787,237	1,858,316
Derivative financial instruments	251,570	529,830
Restricted cash	60,790	72,395
Other non-current assets	221,014	153,052
Total long-term receivables	9,973,868	10,470,581
Investments	129,283	97,895
Property, plant and equipment	15,068,229	14,608,914
Intangible assets	6,673,211	6,140,438
Total non-current assets	31,844,591	31,317,828
TOTAL ASSETS	62,675,076	57,272,090
CURRENT LIABILITIES
Loans and borrowings	1,230,273	2,451,838
Trade accounts payable	13,558,284	12,592,006
Lease	1,014,813	944,326
Payroll, related charges and employee profit sharing	1,557,051	984,457
Taxes payable	1,141,951	585,129
Derivative financial instruments	382,976	76,940
Provision for tax, civil and labor risks	692,650	720,187
Employee benefits	95,276	86,423
Customer advances	475,650	290,279
Other current liabilities	671,653	658,763
Total current liabilities	20,820,577	19,390,348
NON-CURRENT LIABILITIES
Loans and borrowings	19,510,275	17,643,710
Trade accounts payable	11,766	422
Lease	2,978,116	2,777,521
Taxes payable	77,854	90,669
Provision for tax, civil and labor risks	1,539,464	482,983
Deferred income taxes	1,933	60,125
Liabilities with related parties
Employee benefits	467,127	454,398
Derivative financial instruments	236,206	59,819
Other non-current liabilities	532,554	668,439
Total non-current liabilities	25,355,295	22,238,086
EQUITY
Capital	13,349,156	13,349,156
Capital reserves	2,763,364	2,763,364
Profit reserves	2,079,253
Other equity transactions	(141,608)	(70,106)
Treasury shares	(1,345,657)	(96,145)
Other comprehensive loss	(1,618,857)	(1,022,841)
Attributable to controlling shareholders	15,085,651	14,923,428
Non-controlling interests	1,413,553	720,228
Total equity	16,499,204	15,643,656
TOTAL LIABILITIES AND EQUITY	R$ 62,675,076	R$ 57,272,090