| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 130.9 | 157.5 | 239.6 | 254.7 | 249.6 | 342.2 | +37.1% | |
| Cost of revenue | 67.3 | 64.5 | 157.1 | 186.6 | 170.9 | 223.8 | +30.9% | |
| Gross profit | 63.7 | 93.1 | 82.5 | 68.2 | 78.7 | 118.4 | +50.5% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 37.3 | 39.1 | 39.9 | 40.6 | 43.1 | 47.6 | +10.4% | |
| Selling & marketing | 3.9 | 4.4 | 5.2 | 4.6 | 5.4 | 31.5 | +481.3% | |
| Operating expenses | 59.6 | 60.2 | 57.9 | 57.9 | 61.8 | 122.3 | +97.9% | |
| Operating income | 4.1 | 32.9 | 24.6 | 10.2 | 16.9 | (3.8) | −122.7% | |
| Interest expense | 48.6 | 55.1 | 130.8 | 156.4 | 144.3 | 190.0 | +31.7% | |
| Interest income | 119.7 | 138.2 | 200.6 | 211.5 | 211.7 | 261.9 | +23.7% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 22.3 | — | |
| Pre-tax income | 4.1 | 32.9 | 24.6 | 10.2 | 16.9 | 18.5 | +9.4% | |
| Income tax | (12.0) | 9.5 | 3.2 | (4.3) | (0.6) | (2.8) | −343.1% | |
| Net income | 15.8 | 23.2 | 21.2 | 14.3 | 17.3 | 23.2 | +34.5% | |
| 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 | 2.1 | — | |
| EPS, basic (per share) | 1.48 | 1.97 | 1.99 | 1.34 | 1.63 | 2.19 | +34.4% | |
| EPS, diluted (per share) | 1.48 | 1.97 | 1.99 | 1.34 | 1.63 | 2.19 | +34.4% | |
| EBITDA | 10.0 | 38.6 | 30.3 | 16.7 | 23.6 | (3.6) | −115.1% | |
| Depreciation & amortization | 5.9 | 5.8 | 5.7 | 6.5 | 6.7 | 2.4 | −64.4% | |
| Weighted average shares (shares) | 10,690,985,000 | 11,739,031,000 | 10,657,450,000 | 10,642,174,000 | 10,614,145,000 | 10,577,012,000 | −0.3% | |
| Weighted average diluted shares (shares) | 10,690,985,000 | 11,739,031,000 | 10,657,450,000 | 10,642,171,000 | 10,614,140,000 | 10,577,012,000 | −0.3% | |
| Gross margin | 48.6% | 59.1% | 34.4% | 26.8% | 31.5% | 34.6% | +3.1 pts | |
| Operating margin | 3.1% | 20.9% | 10.3% | 4.0% | 6.8% | −1.1% | −7.9 pts | |
| Net margin | 12.1% | 14.7% | 8.9% | 5.6% | 6.9% | 6.8% | −0.1 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.
