In the 2024 consolidated, the company’s net income totaled R $ 1.19 billion, a 37% decline in the annual comparison
Bradespar (BRAP4) ended the fourth quarter with a net loss of R $ 86.9 million, reversing a profit of R $ 524 million in the same interval of 2023. In the consolidated 2024, the company’s net profit totaled R $ 1.19 billion, a 37% decrease in the annual comparison.
The company’s operating revenue was negative at R $ 163.2 million between October and December, a positive result of R $ 451 million in an equal period of 2023. The 2024 operating revenue was R $ 1.2 billion, annual drop of 36.5%.
As an investment company, Bradespar has its operating revenue originated from the result of equity equivalence and interest on Vale’s equity (Vale3).
Bradespar’s financial result ended 2024 at R $ 57.6 million positive, 15% lower than in the previous year, mainly due to financial investments and remuneration on taxes to be recovered. According to the company, “such a result reflects the continuity of the net cash position as it liquidated all financial indebtedness in previous years.”
By 2024, Bradespar’s personnel, general and administrative expenses totaled R $ 26.3 million.
