| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (10.8) | (4.2) | (0.7) | (2.4) | (9.2) | 0.1 | +101.3% | |
| Depreciation & amortization | 1.8 | 1.6 | 2.1 | 2.4 | 2.9 | 3.0 | +0.4% | |
| Stock-based compensation | 0.1 | 0.0 | (0.0) | 0.1 | 0.0 | 0.0 | −100.0% | |
| Change in working capital | 0.5 | (1.0) | (2.0) | 1.1 | 0.6 | (2.8) | −592.7% | |
| Operating cash flow | 1.0 | (0.3) | 2.4 | 3.4 | 2.8 | (1.2) | −143.4% | |
| Capital expenditure | (0.3) | (0.6) | (1.3) | (0.8) | (1.3) | (0.2) | +84.5% | |
| Acquisitions | (0.0) | (0.0) | (0.0) | 0.0 | 0.0 | 0.0 | — | |
| Investing cash flow | (0.4) | (0.7) | (0.6) | (0.9) | (1.6) | (0.6) | +64.1% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | +99.8% | |
| Debt issued / repaid | 0.9 | 0.9 | (3.4) | (0.1) | (1.3) | 4.7 | +454.1% | |
| Financing cash flow | 0.9 | 0.8 | (4.2) | (1.4) | (1.9) | 1.7 | +187.3% | |
| Free cash flow | 0.6 | (0.9) | 1.2 | 2.6 | 1.5 | (1.4) | −191.8% | |
| Net change in cash | 1.4 | 0.0 | (2.4) | 1.2 | (0.7) | 0.1 | +117.3% |
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.
