Overview
- IndustryMeat Packing Plants1
- HeadquartersD51
- Incorporated inBrazil3
- Business addressAv Das Nacoes Unidas 14401 22Nd-25Th, Floors Torre A2 Vila Gertrudes 04794-000, Sao Paulo3
- Filer categoryLarge accelerated filer3
See how the biggest companies compare on our leaderboards
2024, Marfrig and its affiliates acquired the beneficial ownership of a significant percentage of our common shares in the open market.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in BRL, the currency the company reports in.
Key numbers, fiscal 2024
Where the money goes
Where each dollar of revenue went, fiscal 2024
- Cost of revenue74¢45.5B BRL
- Research and development0¢66.1M BRL
- Other costs12¢7.1B BRL
- Interest6¢3.6B BRL
- Income tax2¢1.4B BRL
- Profit6¢3.7B BRL
Out of 61.4B BRL in revenue.2
Where each dollar of operating cash went, fiscal 2024
- Capital spending8¢809.8M BRL
- Kept or used elsewhere92¢10.0B BRL
Out of 10.8B BRL of cash from operations.2
Financial statements
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 28.3B BRL5 | 30.2B BRL6 | 33.4B BRL7 | 39.5B BRL8 | 48.3B BRL9 | 53.8B BRL2 | 53.6B BRL2 | 61.4B BRL2 |
| Cost of revenue | 38.7B BRL9 | 45.7B BRL2 | 44.8B BRL2 | 45.5B BRL2 | ||||
| Gross profit | 5.7B BRL5 | 4.9B BRL6 | 8.0B BRL7 | 9.0B BRL8 | 9.7B BRL9 | 8.1B BRL2 | 8.8B BRL2 | 15.8B BRL2 |
| Research and development | 48.0M BRL2 | 66.1M BRL2 | ||||||
| Selling, general and admin | 6.1B BRL8 | |||||||
| Operating income | 663.2M BRL10 | -206.3M BRL10 | ||||||
| Interest | 3.3B BRL9 | 3.6B BRL2 | 4.1B BRL2 | 3.6B BRL2 | ||||
| Income before tax | -34.8M BRL9 | -2.8B BRL2 | -2.0B BRL2 | 5.0B BRL2 | ||||
| Income tax | -552.1M BRL9 | 285.6M BRL2 | -115.9M BRL2 | 1.4B BRL2 | ||||
| Net income | -1.1B BRL5 | -4.5B BRL6 | 162.5M BRL7 | 1.5B BRL8 | 437.4M BRL9 | -3.1B BRL2 | -1.9B BRL2 | 3.7B BRL2 |
| Earnings per share | -1 BRL/shares5 | -5 BRL/shares6 | 1 BRL/shares7 | 2 BRL/shares8 | 1 BRL/shares9 | -3 BRL/shares2 | -1 BRL/shares2 | 2 BRL/shares2 |
| Earnings per share (diluted) | -1 BRL/shares5 | -5 BRL/shares6 | 1 BRL/shares7 | 2 BRL/shares8 | 1 BRL/shares9 | -3 BRL/shares2 | -1 BRL/shares2 | 2 BRL/shares2 |
| Shares (weighted, basic) | 807.7M shares9 | 1.1B shares2 | 1.4B shares2 | 1.7B shares2 | ||||
| Shares (weighted, diluted) | 807.7M shares9 | 1.1B shares2 | 1.4B shares2 | 1.7B shares2 |
No quarterly figures reported.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash | 6.0B BRL10 | 4.9B BRL5 | 4.2B BRL6 | 7.6B BRL7 | 7.5B BRL8 | 8.1B BRL9 | 9.3B BRL2 | 11.2B BRL2 |
| Inventory | 9.7B BRL8 | 8.7B BRL9 | 6.6B BRL2 | 6.7B BRL2 | ||||
| Current assets | 26.2B BRL8 | 26.5B BRL9 | 26.0B BRL2 | 30.8B BRL2 | ||||
| Property, plant and equipment | 13.0B BRL9 | 14.3B BRL2 | 14.6B BRL2 | 15.1B BRL2 | ||||
| Goodwill | 3.4B BRL8 | 3.5B BRL9 | 3.4B BRL2 | 3.8B BRL2 | ||||
| Total assets | 45.2B BRL10 | 42.4B BRL5 | 41.8B BRL6 | 49.7B BRL7 | 55.9B BRL8 | 57.9B BRL9 | 57.3B BRL2 | 62.7B BRL2 |
| Short-term debt | 3.2B BRL8 | 3.9B BRL9 | 2.5B BRL2 | 1.2B BRL2 | ||||
| Current liabilities | 21.2B BRL8 | 22.3B BRL9 | 19.4B BRL2 | 20.8B BRL2 | ||||
| Long-term debt | 22.3B BRL9 | 19.6B BRL2 | 17.6B BRL2 | 19.5B BRL2 | ||||
| Long-term liabilities | 25.9B BRL8 | 23.7B BRL9 | 22.2B BRL2 | 25.4B BRL2 | ||||
| Total liabilities | 18.6B BRL10 | 20.4B BRL5 | 20.2B BRL6 | 25.4B BRL7 | 25.9B BRL7 | |||
| Retained earnings | -2.1B BRL8 | -2.4B BRL9 | ||||||
| Shareholders’ equity | 11.7B BRL6 | 7.5B BRL7 | 8.0B BRL8 | 8.8B BRL9 | 8.8B BRL2 | 11.8B BRL2 | 15.6B BRL2 | 16.5B BRL2 |
| Shares outstanding | 812.5M shares11 | 812.5M shares10 | 812.5M shares5 | 812.5M shares6 | 812.5M shares7 | 1.1B shares8 | 1.7B shares9 | 1.7B shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 649.4M BRL5 | 295.7M BRL6 | 3.8B BRL7 | 5.8B BRL8 | 3.9B BRL9 | 1.9B BRL2 | 3.9B BRL2 | 10.8B BRL2 |
| Capital spending | 681.2M BRL5 | 578.0M BRL6 | 417.2M BRL7 | 804.6M BRL8 | 1.6B BRL9 | 1.5B BRL2 | 791.8M BRL2 | 809.8M BRL2 |
| Free cash flow | -31.8M BRL | -282.4M BRL | 3.4B BRL | 5.0B BRL | 2.4B BRL | 423.7M BRL | 3.1B BRL | 10.0B BRL |
| Cash from investing | -3.5B BRL9 | -3.3B BRL2 | -2.1B BRL2 | -3.5B BRL2 | ||||
| Cash from financing | -572.5M BRL7 |
Corporate structure
BRF S.A. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of BRF S.A.
- PUBLIC INVESTMENT FUND Filed SCHEDULE 13D/A on BRF S.A., latest Jan 5, 2026 (3 filings since Sep 21, 2023)
- MARFRIG GLOBAL FOODS S.A. Filed SCHEDULE 13D/A on BRF S.A., latest May 22, 2025 (8 filings since Oct 25, 2021)
- BlackRock Filed SC 13G/A on BRF S.A., latest Mar 8, 2023 (4 filings since Feb 3, 2022)
- BRF S.A. D5
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What BRF S.A. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, net | 15.1B BRL2 Dec 31, 2024 | 14.6B BRL2 Dec 31, 2023 | +3.1% |
| Operating-lease assets (leased space) | 3.2B BRL2 Dec 31, 2024 | 3.1B BRL2 Dec 31, 2023 | +2.5% |
Real estate and locations
| Item | Latest | A year before | Change |
|---|---|---|---|
| Real estate investments, net | 129.3M BRL2 Dec 31, 2024 | 97.9M BRL2 Dec 31, 2023 | +32.1% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | 11.2B BRL2 Dec 31, 2024 | 9.3B BRL2 Dec 31, 2023 | +20.5% |
| Long-term investments | 323.8M BRL2 Dec 31, 2024 | 320.0M BRL2 Dec 31, 2023 | +1.2% |
Intangibles and goodwill
Inventory
Former names
Filings
394 filings to the SEC since October 2021: 4 annual reports, 15 large holders, 375 other. The latest 20:
- Jan 5, 2026SCHEDULE 13D/A EDGAR
- Oct 3, 202515-12G EDGAR
- Sep 26, 2025SCHEDULE 13D/A EDGAR
- Sep 23, 20256-K EDGAR
- Sep 23, 20256-K EDGAR
- Sep 19, 20256-K EDGAR
- Sep 9, 20256-K EDGAR
- Sep 5, 20256-K EDGAR
- Aug 29, 20256-K EDGAR
- Aug 22, 20256-K EDGAR
- Aug 22, 20256-K EDGAR
- Aug 15, 20256-K EDGAR
- Aug 13, 20256-K EDGAR
- Aug 8, 20256-K EDGAR
- Aug 6, 20256-K EDGAR
- Aug 6, 20256-K EDGAR
- Aug 5, 20256-K EDGAR
- Aug 4, 20256-K EDGAR
- Jul 17, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
- Jul 14, 20256-K EDGAR
The 394 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- PUBLIC INVESTMENT FUNDSCHEDULE 13D/A, 3 filings Sep 21, 2023 to Jan 5, 202612
- MARFRIG GLOBAL FOODS S.A.SCHEDULE 13D/A, 8 filings Oct 25, 2021 to May 22, 202513
- BlackRockSC 13G/A, 4 filings Feb 3, 2022 to Mar 8, 202314
SEC filer profile
How BRF S.A. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARBRF S.A.1
- CIK0001122491
- Filer statusLarge accelerated filer not an emerging growth company; a shell company4
- Incorporated inD54
- Fiscal year endsDecember 311
- Industry code (SIC)2011 Meat Packing Plants1
- SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
- Business addressAv Das Nacoes Unidas 14401 22Nd-25Th, Floors Torre A2 Vila Gertrudes 04794-000, Sao Paulo, Sao Paulo, Brazil1
- Phone5511232253771
- Shares outstanding1,682,473,246 shares as of Dec 31, 20244
- AuditorGrant Thornton Auditores Independentes Ltda., São Paulo, Brazil PCAOB ID 5270; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceFeb 11, 20021
- Filings2,053 in all: 6-K (1,746), 6-K/A (126), CB/A (33), SC 13D/A (26), 20-F (24), CORRESP (13), UPLOAD (11), SC 13G/A (9)1
All 35 form types
IRANNOTICE (6), SC 13D (6), SC TO-C (6), SC 13G (5), 424B3 (4), SC TO-T/A (4), EFFECT (3), SCHEDULE 13D/A (3), 20-F/A (2), 25-NSE (2), 424B2 (2), 424B5 (2), 8-A12B (2), CB (2), F-3/A (2), F-3ASR (2), F-6 (2), 15-12G (1), 424B4 (1), 8-A12B/A (1), CERTNYS (1), CT ORDER (1), F-3 (1), F-6EF (1), F-X (1), NT 20-F (1), SC TO-T (1)
- Latest filingsAnnual report (20-F) Apr 30, 2025
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| American Depositary Shares | BRFS | New York Stock Exchange |
From the cover page of the 20-F filed Apr 30, 2025 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARBRF S.A. filings on SEC EDGAR
- 2SEC EDGARBRF S.A. 10-K for fiscal 2024
- 3SEC EDGARBRF S.A. filings on SEC EDGAR
- 4
- 5SEC EDGARBRF S.A. 10-K for fiscal 2017
- 6SEC EDGARBRF S.A. 10-K for fiscal 2018
- 7SEC EDGARBRF S.A. 10-K for fiscal 2019
- 8SEC EDGARBRF S.A. 10-K for fiscal 2020
- 9SEC EDGARBRF S.A. 10-K for fiscal 2021
- 10SEC EDGARBRF S.A. 10-K for fiscal 2017
- 11SEC EDGARBRF S.A. 10-K for fiscal 2017
- 12
- 13
- 14SEC EDGARBlackRock SC 13G/A on BRF S.A.