Annual Report 2024

Consolidated income statement by functions

For the years ended 31 December 2024 and 2023

Consolidated income statement by functions

(€ Million)

 

Notes

 

2024

 

2023

 

4th Quarter
2024

 

4th Quarter
2023

Sales and services rendered

 

3

 

33,464

 

30,608

 

8,700

 

8,157

Cost of sales

 

4

 

(26,613)

 

(24,357)

 

(6,915)

 

(6,507)

Gross profit

 

 

 

6,851

 

6,251

 

1,785

 

1,651

Distribution costs

 

4

 

(5,148)

 

(4,490)

 

(1,326)

 

(1,188)

Administrative costs

 

4

 

(514)

 

(495)

 

(124)

 

(128)

Other operating profits/losses

 

4.1

 

(119)

 

(80)

 

(45)

 

(44)

Operating profit

 

 

 

1,070

 

1,187

 

289

 

292

Net financial costs

 

6

 

(267)

 

(174)

 

(73)

 

(32)

Gains (losses) in joint ventures and associates

 

11

 

(1)

 

(1)

 

(0)

 

(0)

Profit before taxes

 

 

 

801

 

1,012

 

216

 

259

Income tax

 

7

 

(195)

 

(239)

 

(55)

 

(57)

Profit before non-controlling interests

 

 

 

606

 

773

 

161

 

202

Attributable to:

 

 

 

 

 

 

 

 

 

 

Non-controlling interests

 

 

 

7

 

16

 

2

 

4

Jerónimo Martins Shareholders

 

 

 

599

 

756

 

159

 

198

Basic and diluted earnings per share – euros

 

17

 

0.9532

 

1.2035

 

0.2533

 

0.3157

To be read with the attached notes to the consolidated financial statements.

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