| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Cash & cash equivalents | 2.0 | 2.5 | 3.6 | 3.9 | 5.6 | 10.4 | +84.6% | |
| Cash & short-term investments | 22.0 | 36.2 | 41.3 | 54.4 | 74.9 | 10.4 | −86.2% | |
| Receivables | 4.6 | 13.4 | 23.0 | 31.9 | 35.2 | 35.9 | +2.1% | |
| Inventory | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Total current assets | 34.6 | 62.5 | 76.1 | 119.5 | 158.1 | 46.3 | −70.7% | |
| Property, plant & equipment | 0.4 | 0.6 | 0.6 | 0.7 | 0.8 | 0.8 | +5.4% | |
| Goodwill & intangibles | 0.7 | 0.8 | 0.8 | 2.5 | 2.6 | 2.8 | +4.9% | |
| Long-term investments | 52.2 | 62.9 | 102.6 | 114.0 | 157.7 | 318.9 | +102.3% | |
| Total assets | 96.0 | 139.3 | 192.0 | 249.0 | 347.5 | 396.5 | +14.1% | |
| Payables | 0.9 | 0.9 | 0.6 | 0.9 | 0.8 | 0.0 | −100.0% | |
| Short-term debt | 31.9 | 27.9 | 33.7 | 40.8 | 81.8 | 81.9 | +0.1% | |
| Total current liabilities | 60.3 | 75.2 | 105.4 | 124.1 | 196.1 | 81.9 | −58.2% | |
| Long-term debt | 0.3 | 0.3 | 1.9 | 27.7 | 33.3 | 3.1 | −90.6% | |
| Total debt | 32.1 | 28.2 | 35.5 | 68.6 | 115.1 | 85.3 | −25.9% | |
| Net debt | 30.2 | 25.7 | 32.0 | 64.6 | 109.5 | 74.9 | −31.6% | |
| Deferred revenue | 0.0 | 0.0 | 0.0 | 0.0 | 1.0 | 0.0 | −100.0% | |
| Total liabilities | 85.1 | 124.9 | 175.0 | 229.6 | 327.4 | 373.0 | +13.9% | |
| Total equity | 10.9 | 14.4 | 17.0 | 19.4 | 20.0 | 23.5 | +17.5% | |
| Retained earnings | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
Statements are reported in BRL; the shares trade in USD.
