| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 13.5 | 15.6 | 14.3 | 9.4 | 13.4 | 13.0 | −3.3% | |
| Depreciation & amortization | 2.6 | 2.4 | 2.6 | 2.7 | 2.7 | 2.6 | −3.9% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 61.4 | 9.7 | (52.2) | 27.0 | (30.2) | (15.5) | +48.5% | |
| Operating cash flow | 42.3 | 6.8 | 6.8 | 36.6 | (21.1) | 5.0 | +123.6% | |
| Capital expenditure | (2.0) | (2.4) | (2.9) | (3.4) | (2.6) | (3.7) | −40.1% | |
| Acquisitions | (0.0) | (0.0) | (0.5) | (0.0) | (0.1) | (0.0) | +93.4% | |
| Investing cash flow | (1.2) | (1.9) | (2.7) | (2.6) | (2.0) | (3.3) | −64.8% | |
| Dividends paid | (10.3) | (9.9) | (7.4) | (5.5) | (5.6) | (6.5) | −15.6% | |
| Share buybacks | (0.1) | 0.0 | (0.5) | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | (23.8) | 10.1 | 21.4 | 12.0 | 0.1 | 2.4 | +3350.5% | |
| Financing cash flow | (34.2) | (0.7) | 12.8 | 5.8 | 0.9 | 4.4 | +373.3% | |
| Free cash flow | 40.3 | 4.4 | 4.0 | 33.3 | (23.7) | 1.3 | +105.6% | |
| Net change in cash | 7.0 | 4.2 | 16.9 | 39.9 | (22.2) | 6.1 | +127.3% |
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.
