Financial Ratios Bradespar S.A.

Equities

BRAP3

BRBRAPACNOR5

Iron & Steel

Market Closed - Sao Paulo Other stock markets 01:33:00 06/06/2026 am IST			5-day change	1st Jan Change
18.94 ^BRL	-3.81%		-3.76%	+6.11%

14/05	Bradespar S.A. Reports Earnings Results for the First Quarter Ended March 31, 2026	CI
27/03	Bradespar S.A. Reports Earnings Results for the Full Year Ended December 31, 2025	CI

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Published financial data: BRADESPAR S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Selling General & Admin Expenses, Total	2.73Cr	2.04Cr	2.14Cr	2.63Cr	3.45Cr
Other Operating Expenses	3.6Cr	3.15Cr	4.38Cr	2.7Cr	6.48Cr
Other Operating Expenses, Total	6.32Cr	5.19Cr	6.52Cr	5.33Cr	9.94Cr
Operating Income	-6.32Cr	-5.19Cr	-6.52Cr	-5.33Cr	-9.94Cr
Interest Expense, Total	-9L	-6L	-	-	-
Interest And Investment Income	6.05Cr	8.03Cr	6.64Cr	5.18Cr	6.42Cr
Net Interest Expenses	5.96Cr	7.97Cr	6.64Cr	5.18Cr	6.42Cr
Income (Loss) On Equity Invest.	808.05Cr	369.83Cr	189.41Cr	118.78Cr	57Cr
Other Non Operating Income (Expenses)	24.03L	15.88L	13.57L	57.92L	1.09Cr
EBT, Excl. Unusual Items	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Income Tax Expense	-	-	-	-	-
Earnings From Continuing Operations	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Net Income to Company	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Net Income - (IS)	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Net Income to Common Incl Extra Items	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Net Income to Common Excl. Extra Items	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
Per Share Items
Net EPS - Basic	20.55	9.48	4.82	3.03	1.39
Basic EPS - Continuing Operations	20.55	9.48	4.82	3.03	1.39
Basic Weighted Average Shares Outstanding	39Cr	39Cr	39Cr	39Cr	39Cr
Net EPS - Diluted	20.55	9.48	4.82	3.03	1.39
Diluted EPS - Continuing Operations	20.55	9.48	4.82	3.03	1.39
Diluted Weighted Average Shares Outstanding	39Cr	39Cr	39Cr	39Cr	39Cr
Normalized Basic EPS	12.85	5.93	3.02	1.9	0.87
Normalized Diluted EPS	12.85	5.93	3.02	1.9	0.87
Dividend Per Share	9.21	2.66	2.7	1.84	2.14
Payout Ratio	49.76	30.72	60.72	62.67	171.77
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITA	-6.32Cr	-5.19Cr	-6.52Cr	-5.33Cr	-9.94Cr
EBIT	-6.32Cr	-5.19Cr	-6.52Cr	-5.33Cr	-9.94Cr
Effective Tax Rate - (Ratio)	-	-	-	-	-
Normalized Net Income	504.95Cr	232.98Cr	118.54Cr	75Cr	34Cr
Interest on Long-Term Debt	-	-	-	-	-
Supplemental Operating Expense Items
General and Administrative Expenses	2.73Cr	2.04Cr	2.14Cr	2.63Cr	3.45Cr

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	29Cr	41Cr	25Cr	29Cr	1.84Cr
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	29Cr	41Cr	25Cr	29Cr	1.84Cr
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	-	24Cr	-	7.23Cr	55Cr
Total Receivables	-	24Cr	-	7.23Cr	55Cr
Prepaid Expenses	-	3L	8T	4L	44T
Other Current Assets, Total	-	-	-	-	42T
Total Current Assets	29Cr	65Cr	25Cr	36Cr	57Cr
Net Property Plant And Equipment	56T	1L	33T	10.11L	9L
Long-term Investments	704.84Cr	726.91Cr	751.11Cr	815.37Cr	734.48Cr
Other Intangibles, Total	10L	10L	4L	23.06L	40.67L
Other Long-Term Assets, Total	21Cr	14Cr	13Cr	8.93Cr	8.47Cr
Total Assets	755.38Cr	806.2Cr	789.05Cr	860.69Cr	799.96Cr
Liabilities
Accrued Expenses, Total	-	-	-	3L	5L
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	1L	1L	81T	3L	4L
Current Income Taxes Payable	10L	47.43L	5L	3L	4L
Other Current Liabilities	4.9Cr	58Cr	5.54Cr	12Cr	35Cr
Total Current Liabilities	5Cr	58Cr	5.59Cr	12Cr	35Cr
Long-Term Debt	-	-	-	-	-
Long-Term Leases	10L	10L	5L	21.05L	39.68L
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	5.1Cr	59Cr	5.64Cr	12Cr	35Cr
Common Stock, Total	50Cr	310.01Cr	460.01Cr	460.01Cr	560.01Cr
Retained Earnings	525.78Cr	467.04Cr	438.71Cr	470.73Cr	300.73Cr
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	174.49Cr	-29Cr	-115.32Cr	-82Cr	-96Cr
Total Common Equity	750.28Cr	747.7Cr	783.4Cr	848.34Cr	764.78Cr
Total Equity	750.28Cr	747.7Cr	783.4Cr	848.34Cr	764.78Cr
Total Liabilities And Equity	755.38Cr	806.2Cr	789.05Cr	860.69Cr	799.96Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	39Cr	39Cr	39Cr	39Cr	39Cr
ECS Total Common Shares Outstanding	39Cr	39Cr	39Cr	39Cr	39Cr
Book Value / Share	19.09	19.02	19.93	21.58	19.46
Tangible Book Value	750.18Cr	747.6Cr	783.36Cr	848.11Cr	764.37Cr
Tangible Book Value Per Share	19.08	19.02	19.93	21.58	19.44
Total Debt	10.74L	11.03L	6L	24.48L	43.3L
Net Debt	-29Cr	-41Cr	-25Cr	-29Cr	-1.41Cr
Equity Method Investments, Total	704.84Cr	726.91Cr	751.11Cr	815.37Cr	734.48Cr
Account Code - Inventory Valuation	3	3	3	3	3

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	807.93Cr	372.77Cr	189.66Cr	119.22Cr	55Cr
(Gain) Loss From Sale Of Asset	-	-33T	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-808.05Cr	-369.83Cr	-189.41Cr	-118.78Cr	-57Cr
Other Operating Activities, Total	-50.06L	-2.06Cr	-1.09Cr	-1.26Cr	-1.91Cr
Change In Income Taxes	-2.44Cr	-3.07Cr	-3.26Cr	-3.72Cr	-5.45Cr
Change in Other Net Operating Assets	428.31Cr	128.14Cr	103.01Cr	84Cr	77Cr
Cash from Operations	425.24Cr	125.94Cr	99Cr	79Cr	67Cr
Capital Expenditure	-	-2L	-4T	-10.99L	-
Sale of Property, Plant, and Equipment	-	73T	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Cash from Investing	-	-1L	-4T	-10.99L	-
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-	-	-	-	-
Total Debt Repaid	-	-	-	-	-
Common Dividends Paid	-402.03Cr	-114.53Cr	-115.17Cr	-75Cr	-94Cr
Common & Preferred Stock Dividends Paid	-402.03Cr	-114.53Cr	-115.17Cr	-75Cr	-94Cr
Cash from Financing	-402.03Cr	-114.53Cr	-115.17Cr	-75Cr	-94Cr
Net Change in Cash	23Cr	11Cr	-16Cr	4.17Cr	-27Cr
Supplemental Items
Cash Income Tax Paid (Refund)	2.44Cr	3.07Cr	3.26Cr	3.72Cr	5.45Cr
Levered Free Cash Flow	33Cr	26Cr	-33Cr	-4.18Cr	-31Cr
Unlevered Free Cash Flow	33Cr	26Cr	-33Cr	-4.18Cr	-31Cr
Change In Net Working Capital	-37Cr	-29Cr	29Cr	74.48L	25Cr
Net Debt Issued / Repaid	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	-0.42	-0.42	-0.51	-0.4	-0.75
Return on Total Capital	-0.42	-0.43	-0.53	-0.41	-0.77
Return On Equity %	86.14	49.77	24.77	14.61	6.78
Return on Common Equity	86.14	49.77	24.77	14.61	6.78
Short Term Liquidity
Current Ratio	5.89	1.11	4.4	2.97	1.62
Quick Ratio	5.89	1.11	4.4	2.97	1.62
Operating Cash Flow to Current Liabilities	84.98	2.16	17.68	6.51	1.93
Long Term Solvency
Total Debt/Equity	0.01	0.01	0.01	0.03	0.06
Total Debt / Total Capital	0.01	0.01	0.01	0.03	0.06
LT Debt/Equity	0.01	0.01	0.01	0.02	0.05
Long-Term Debt / Total Capital	0.01	0.01	0.01	0.02	0.05
Total Liabilities / Total Assets	0.68	7.26	0.72	1.44	4.4
EBIT / Interest Expense	-69.12	-89.1	-	-	-
Growth Over Prior Year
EBITA, 1 Yr. Growth %	38.14	-17.86	25.52	-18.38	86.57
EBIT, 1 Yr. Growth %	38.14	-17.86	25.52	-18.38	86.57
Earnings From Cont. Operations, 1 Yr. Growth %	450.71	-53.86	-49.12	-37.14	-54.12
Net Income, 1 Yr. Growth %	450.71	-53.86	-49.12	-37.14	-54.12
Normalized Net Income, 1 Yr. Growth %	450.71	-53.86	-49.12	-37.14	-54.12
Diluted EPS Before Extra, 1 Yr. Growth %	450.73	-53.86	-49.12	-37.14	-54.12
Net Property, Plant and Equip., 1 Yr. Growth %	-30	150	-76.43	2.96T	-11.08
Total Assets, 1 Yr. Growth %	-33.14	6.73	-2.13	9.08	-7.06
Tangible Book Value, 1 Yr. Growth %	-33.34	-0.34	4.78	8.27	-9.87
Common Equity, 1 Yr. Growth %	-33.34	-0.34	4.77	8.29	-9.85
Cash From Operations, 1 Yr. Growth %	334.57	-70.38	-21.46	-20.13	-15.19
Capital Expenditures, 1 Yr. Growth %	-	-	-98.02	27.38T	-
Levered Free Cash Flow, 1 Yr. Growth %	-205.27	-20.67	-225.97	-87.23	640.55
Unlevered Free Cash Flow, 1 Yr. Growth %	-206.78	-20.69	-225.97	-87.23	640.55
Dividend Per Share, 1 Yr. Growth %	142.42	-71.07	1.35	-31.68	16.19
Compound Annual Growth Rate Over Two Years
EBITA, 2 Yr. CAGR %	5.46	6.52	1.57	1.22	23.4
EBIT, 2 Yr. CAGR %	5.46	6.52	1.57	1.22	23.4
Earnings From Cont. Operations, 2 Yr. CAGR %	347.63	59.4	-51.55	-43.45	-46.3
Net Income, 2 Yr. CAGR %	347.63	59.4	-51.55	-43.45	-46.3
Normalized Net Income, 2 Yr. CAGR %	347.7	59.4	-51.55	-43.45	-46.3
Diluted EPS Before Extra, 2 Yr. CAGR %	347.64	59.4	-51.55	-43.45	-46.3
Net Property, Plant and Equip., 2 Yr. CAGR %	-26.97	32.29	-23.24	168.73	421.94
Total Assets, 2 Yr. CAGR %	-13.54	-15.53	2.2	3.32	0.69
Tangible Book Value, 2 Yr. CAGR %	-11.42	-18.5	2.19	6.51	-1.22
Common Equity, 2 Yr. CAGR %	-11.41	-18.49	2.18	6.52	-1.2
Cash From Operations, 2 Yr. CAGR %	492.36	13.45	-51.77	-20.87	-17.7
Capital Expenditures, 2 Yr. CAGR %	-	-	-	133.25	-
Levered Free Cash Flow, 2 Yr. CAGR %	-13.31	-8.63	0.03	-59.9	-2.77
Unlevered Free Cash Flow, 2 Yr. CAGR %	-12.41	-7.98	-0.05	-59.9	-2.77
Dividend Per Share, 2 Yr. CAGR %	278.33	-16.26	-45.85	-16.79	-10.9
Compound Annual Growth Rate Over Three Years
EBITA, 3 Yr. CAGR %	-65.39	-2.97	12.54	-5.57	24.1
EBIT, 3 Yr. CAGR %	-65.39	-2.97	12.54	-5.57	24.1
Earnings From Cont. Operations, 3 Yr. CAGR %	89.33	109.88	8.94	-47.16	-47.26
Net Income, 3 Yr. CAGR %	89.33	109.88	8.94	-47.16	-47.26
Normalized Net Income, 3 Yr. CAGR %	482.67	109.9	8.94	-47.16	-47.25
Diluted EPS Before Extra, 3 Yr. CAGR %	89.33	109.88	8.94	-47.16	-47.26
Net Property, Plant and Equip., 3 Yr. CAGR %	123.74	10.06	-25.56	162.33	85.87
Total Assets, 3 Yr. CAGR %	-10.78	-7.26	-11.28	4.45	-0.26
Tangible Book Value, 3 Yr. CAGR %	-9.01	-7.87	-11.38	4.17	0.74
Common Equity, 3 Yr. CAGR %	-9.01	-7.87	-11.38	4.18	0.76
Cash From Operations, 3 Yr. CAGR %	75.82	118.22	0.36	-42.94	-19.02
Capital Expenditures, 3 Yr. CAGR %	-	19.97	-	-	-
Levered Free Cash Flow, 3 Yr. CAGR %	-37.3	-15.84	1.74	-49.64	6
Unlevered Free Cash Flow, 3 Yr. CAGR %	-35.92	-15.27	2.17	-49.67	6
Dividend Per Share, 3 Yr. CAGR %	109.79	60.58	-10.76	-41.49	-7
Compound Annual Growth Rate Over Five Years
EBITA, 5 Yr. CAGR %	21.32	-15.73	-46.76	-1.3	16.76
EBIT, 5 Yr. CAGR %	21.32	-15.73	-46.76	-1.3	16.76
Earnings From Cont. Operations, 5 Yr. CAGR %	66.61	9.87	9.76	24.21	-17.91
Net Income, 5 Yr. CAGR %	66.61	9.87	9.76	24.21	-17.91
Normalized Net Income, 5 Yr. CAGR %	65.54	27.57	115.46	24.22	-17.91
Diluted EPS Before Extra, 5 Yr. CAGR %	66.61	9.87	9.76	24.21	-17.91
Net Property, Plant and Equip., 5 Yr. CAGR %	44.14	82.06	45.85	57.29	62.23
Total Assets, 5 Yr. CAGR %	-5.97	-6.57	-5.79	-3.16	-6.67
Tangible Book Value, 5 Yr. CAGR %	-1.06	-3.22	-4.69	-2.37	-7.45
Common Equity, 5 Yr. CAGR %	-1.05	-3.22	-4.69	-2.36	-7.44
Cash From Operations, 5 Yr. CAGR %	133.64	86.47	4.8	45.49	-7.3
Capital Expenditures, 5 Yr. CAGR %	-	-	-	56.52	-
Levered Free Cash Flow, 5 Yr. CAGR %	-11.05	-2.5	-24.41	-37.42	-0.09
Unlevered Free Cash Flow, 5 Yr. CAGR %	-14.38	6.16	-23.45	-37.18	0.17
Dividend Per Share, 5 Yr. CAGR %	81.33	8.11	22.04	23.45	-10.82