| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 11.7 | 13.1 | 14.9 | 14.5 | 14.8 | 15.2 | +2.4% | |
| Depreciation & amortization | 5.2 | 5.4 | 6.0 | 6.4 | 7.1 | 6.8 | −4.2% | |
| Stock-based compensation | 0.2 | 0.4 | 0.3 | 0.3 | 0.4 | 0.5 | +13.3% | |
| Change in working capital | 0.9 | 3.0 | (2.7) | (0.3) | (0.2) | (1.6) | −879.4% | |
| Operating cash flow | 18.9 | 22.9 | 20.6 | 24.7 | 26.1 | 24.5 | −6.3% | |
| Capital expenditure | (4.7) | (7.7) | (6.5) | (6.0) | (4.7) | (4.6) | +3.3% | |
| Acquisitions | (0.4) | (0.1) | (0.0) | (0.0) | 0.0 | 0.1 | +634.1% | |
| Investing cash flow | (6.8) | (7.7) | (5.0) | (5.8) | (5.5) | (5.0) | +9.4% | |
| Dividends paid | (6.9) | (11.1) | (12.2) | (11.9) | (4.1) | (20.5) | −404.5% | |
| Share buybacks | (0.0) | (0.0) | (0.1) | (0.1) | (0.5) | (1.9) | −311.8% | |
| Debt issued / repaid | 1.2 | (2.8) | (0.8) | (1.4) | (1.4) | (1.3) | +11.6% | |
| Financing cash flow | (8.6) | (16.0) | (16.3) | (16.1) | (10.4) | (26.8) | −158.6% | |
| Free cash flow | 14.2 | 15.2 | 14.1 | 18.7 | 21.3 | 19.9 | −7.0% | |
| Net change in cash | 5.2 | (0.5) | (1.7) | 1.2 | 12.5 | (10.0) | −179.4% |
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.
