| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.6 | 23.6 | 24.3 | 25.9 | 39.5 | 41.5 | +4.9% | |
| Cost of revenue | 17.1 | 19.8 | 19.4 | 21.4 | 32.4 | 34.2 | +5.6% | |
| Gross profit | 2.5 | 3.5 | 4.9 | 4.5 | 7.1 | 7.3 | +2.1% | |
| Research & development | 0.2 | 0.2 | 0.6 | 0.4 | 0.3 | 0.4 | +19.8% | |
| Selling, general & administrative | 1.8 | 2.1 | 2.5 | 2.6 | 3.1 | 3.0 | −3.9% | |
| Selling & marketing | 1.0 | 1.3 | 1.5 | 1.5 | 1.9 | 1.9 | −3.2% | |
| Operating expenses | 4.2 | 2.2 | 5.5 | 2.9 | 3.0 | 3.9 | +31.4% | |
| Operating income | (1.7) | 1.3 | (0.6) | 1.5 | 4.1 | 3.3 | −19.3% | |
| Interest expense | 1.2 | 1.4 | 1.3 | 1.2 | 1.4 | 1.1 | −22.6% | |
| Interest income | 0.1 | 0.2 | 0.3 | 0.6 | 0.6 | 0.7 | +7.8% | |
| Other income / expense | (1.6) | 0.0 | (0.5) | (1.0) | (0.7) | (1.9) | −173.2% | |
| Pre-tax income | (3.3) | 0.2 | (1.1) | 0.6 | 3.4 | 1.5 | −57.4% | |
| Income tax | 0.5 | 0.4 | (0.0) | (0.2) | 1.3 | (0.5) | −140.0% | |
| Net income | (3.8) | (0.3) | (1.0) | 0.8 | 2.2 | 1.9 | −11.6% | |
| 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) | (20.60) | (1.36) | (5.36) | 4.32 | 11.88 | 10.52 | −11.4% | |
| EPS, diluted (per share) | (20.60) | (1.36) | (5.36) | 4.32 | 11.88 | 10.52 | −11.4% | |
| EBITDA | (0.6) | 2.7 | 1.2 | 2.9 | 6.3 | 4.0 | −36.7% | |
| Depreciation & amortization | 1.5 | 1.2 | 1.1 | 1.2 | 1.5 | 1.4 | −5.7% | |
| Weighted average shares (shares) | 184,041,000 | 183,682,500 | 183,658,250 | 183,658,291 | 183,658,213 | 183,284,992 | −0.2% | |
| Weighted average diluted shares (shares) | 184,041,000 | 183,682,500 | 183,658,250 | 183,658,250 | 183,658,201 | 183,284,992 | −0.2% | |
| Gross margin | 12.7% | 15.0% | 20.1% | 17.3% | 18.0% | 17.5% | −0.5 pts | |
| Operating margin | −8.6% | 5.6% | −2.4% | 6.0% | 10.4% | 8.0% | −2.4 pts | |
| Net margin | −19.4% | −1.1% | −4.1% | 3.1% | 5.5% | 4.6% | −0.9 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.
