| BRL millions | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|
| Net income | 172.7 | 426.1 | 794.4 | 1,046.6 | +31.8% | |
| Depreciation & amortization | 119.8 | 134.9 | 164.8 | 201.9 | +22.5% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 780.0 | 67.0 | 491.4 | (61.3) | −112.5% | |
| Operating cash flow | 610.2 | (33.3) | 487.0 | (409.6) | −184.1% | |
| Capital expenditure | (98.8) | (80.3) | (107.8) | (162.4) | −50.6% | |
| Acquisitions | 0.0 | 2.3 | 0.0 | 0.0 | — | |
| Investing cash flow | (98.8) | (78.0) | (107.8) | (162.4) | −50.6% | |
| Dividends paid | 0.0 | 0.0 | (179.8) | 0.0 | +100.0% | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (73.9) | (69.8) | 361.9 | 19.9 | −94.5% | |
| Financing cash flow | (73.9) | (69.8) | 572.8 | 19.9 | −96.5% | |
| Free cash flow | 511.4 | (113.7) | 379.2 | (572.0) | −250.8% | |
| Net change in cash | 437.5 | (181.1) | 952.0 | (552.1) | −158.0% |
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.