MASTERBEEF GROUP (MB) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	963.3M	459.1M	504.0M	499.5M	456.7M
Cost of Revenue	886.4M	316.9M	332.5M	161.8M	161.1M
Gross Profit	76.9M	142.2M	171.5M	337.7M	295.6M
Operating Expenses
R&D Expense	—	7.0M	5.9M	—	—
SG&A Expense	102.8M	64.3M	55.1M	161.6M	172.5M
General & Admin Expense	—	64.3M	55.1M	161.6M	166.2M
Selling & Marketing Expense	—	—	—	—	6.3M
Other Expenses	—	103.2M	116.2M	90.3M	79.7M
Total Operating Expenses	102.8M	174.5M	177.3M	251.9M	252.2M
Cost and Expenses	989.2M	491.4M	509.8M	413.8M	413.3M
Operating Income (EBIT)	(25.9M)	(32.3M)	(5.8M)	85.8M	43.4M
Non-Operating
Interest Income	1.2M	484.2K	682.4K	—	28.3K
Interest Expense	19.9M	9.7M	10.2M	9.6M	7.6M
Net Interest Income	(18.7M)	(9.2M)	(9.5M)	(9.6M)	(7.6M)
Other Non-Op Income/Expense	15.7M	(13.3M)	41.4M	(75.1M)	(5.6M)
Non-Operating Income (excl Interest)	—	3.6M	(51.6M)	65.5M	(2.0M)
EBT (Pre-Tax Income)	(10.2M)	(45.6M)	35.6M	10.7M	37.8M
Income Tax Expense	9.7M	7.0M	2.7M	7.7M	4.4M
Bottom Line
Net Income	(19.8M)	(52.5M)	32.9M	3.0M	33.4M
Earnings from Cont. Ops	(19.8M)	(52.5M)	32.9M	3.0M	33.4M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	(19.8M)	(52.5M)	32.9M	3.0M	33.4M
Per Share
Basic EPS	($1.14)	($3.04)	$0.69	$0.06	$0.70
Diluted EPS	($1.14)	($3.04)	$0.69	$0.06	$0.70
Revenue Per Share	$56.16	$26.76	$10.61	$10.52	$9.62
Shares
Basic Shares Outstanding	17.2M	17.2M	47.5M	47.5M	47.5M
Diluted Shares Outstanding	17.2M	17.2M	47.5M	47.5M	47.5M
Profitability Metrics
EBITDA	119.3M	30.7M	124.4M	104.5M	114.0M
D&A	145.2M	66.6M	78.6M	84.3M	68.6M
EBIT	(25.9M)	(35.8M)	45.8M	20.3M	45.4M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Dec 1, 2025