| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 5.7 | 10.0 | 15.9 | 18.6 | 19.5 | 21.2 | +8.7% | |
| Cost of revenue | 6.2 | 8.2 | 14.3 | 15.4 | 14.4 | 15.3 | +6.6% | |
| Gross profit | (0.5) | 1.8 | 1.7 | 3.1 | 5.2 | 5.9 | +14.3% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.2 | 0.5 | 0.8 | 1.3 | 1.6 | 1.7 | +5.1% | |
| Selling & marketing | 0.4 | 0.4 | 0.7 | 0.8 | 0.9 | 0.0 | −100.0% | |
| Operating expenses | 0.9 | 1.8 | 0.3 | 1.5 | 1.8 | 1.7 | −5.7% | |
| Operating income | (1.4) | 0.1 | 1.4 | 1.7 | 3.4 | 4.2 | +24.7% | |
| Interest expense | 2.7 | 3.4 | 4.0 | 4.6 | 5.5 | 7.3 | +31.4% | |
| Interest income | 0.0 | 0.1 | 0.2 | (0.3) | 0.2 | 0.1 | −42.9% | |
| Other income / expense | (9.7) | (4.3) | (2.2) | (4.0) | (12.6) | (4.1) | +67.4% | |
| Pre-tax income | (11.1) | (4.2) | (0.7) | (2.3) | (9.2) | 0.1 | +101.3% | |
| Income tax | (0.2) | 0.0 | 0.0 | 0.0 | (0.0) | 0.0 | +100.0% | |
| Net income | (10.8) | (4.2) | (0.7) | (2.4) | (9.2) | 0.1 | +101.3% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| EPS, basic (per share) | (95.76) | (38.01) | (6.45) | (20.55) | (78.96) | 46,590.00 | +59104.6% | |
| EPS, diluted (per share) | (95.76) | (38.01) | (6.45) | (20.55) | (78.96) | 46,590.00 | +59104.6% | |
| EBITDA | (7.1) | 0.6 | 5.6 | 4.6 | 3.6 | 7.2 | +101.9% | |
| Depreciation & amortization | 1.8 | 1.5 | 2.1 | 2.4 | 0.3 | 3.0 | +851.8% | |
| Weighted average shares (shares) | 114,588,488 | 115,209,406 | 115,763,942 | 115,837,274 | 115,887,285 | 2,627 | −100.0% | |
| Weighted average diluted shares (shares) | 114,588,488 | 115,224,159 | 115,802,491 | 115,844,056 | 115,887,284 | 2,627 | −100.0% | |
| Gross margin | −8.2% | 18.1% | 10.6% | 16.9% | 26.4% | 27.7% | +1.4 pts | |
| Operating margin | −24.4% | 0.5% | 9.0% | 9.0% | 17.4% | 19.9% | +2.6 pts | |
| Net margin | −188.6% | −42.2% | −4.5% | −12.8% | −46.9% | 0.6% | +47.4 pts |
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.
