| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 43.8 | 78.3 | 82.4 | 68.9 | 67.0 | 69.9 | +4.2% | |
| Cost of revenue | 37.9 | 57.5 | 63.7 | 57.6 | 57.8 | 61.9 | +7.0% | |
| Gross profit | 5.9 | 20.8 | 18.8 | 11.3 | 9.2 | 8.0 | −13.4% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.5 | 2.1 | 2.2 | 2.2 | 2.2 | 2.1 | −2.1% | |
| Selling & marketing | 0.5 | 0.7 | 0.7 | 0.7 | 0.8 | 0.8 | +2.6% | |
| Operating expenses | 5.9 | 0.8 | 2.2 | 1.7 | 2.8 | 2.4 | −15.4% | |
| Operating income | 0.0 | 20.0 | 16.6 | 9.6 | 6.4 | 5.6 | −12.6% | |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.8 | 0.2 | −69.5% | |
| Interest income | 0.0 | 0.0 | 0.1 | 0.2 | 0.4 | 0.1 | −86.1% | |
| Other income / expense | 3.5 | 0.3 | (0.7) | (0.3) | (1.0) | (3.1) | −224.5% | |
| Pre-tax income | 3.5 | 20.3 | 15.9 | 9.3 | 5.5 | 2.5 | −53.8% | |
| Income tax | 1.1 | 4.7 | 4.4 | 1.8 | 0.9 | 1.1 | +27.9% | |
| Net income | 2.4 | 15.5 | 11.4 | 7.5 | 4.6 | 1.4 | −69.6% | |
| 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) | 1.34 | 8.69 | 6.22 | 3.55 | 2.18 | 0.69 | −68.3% | |
| EPS, diluted (per share) | 1.34 | 8.69 | 6.19 | 3.55 | 2.18 | 0.69 | −68.3% | |
| EBITDA | 7.0 | 24.0 | 19.7 | 13.2 | 9.4 | 7.6 | −19.4% | |
| Depreciation & amortization | 2.5 | 2.7 | 2.9 | 3.0 | 3.1 | 3.7 | +17.8% | |
| Weighted average shares (shares) | 1,785,661,944 | 1,790,035,185 | 1,836,898,605 | 2,112,057,303 | 2,090,240,000 | 2,004,019,000 | −4.1% | |
| Weighted average diluted shares (shares) | 1,786,219,503 | 1,791,034,188 | 1,846,738,704 | 2,111,929,549 | 2,099,379,000 | 2,012,733,000 | −4.1% | |
| Gross margin | 13.5% | 26.6% | 22.8% | 16.4% | 13.7% | 11.4% | −2.3 pts | |
| Operating margin | 0.0% | 25.6% | 20.1% | 14.0% | 9.6% | 8.0% | −1.5 pts | |
| Net margin | 5.4% | 19.8% | 13.9% | 10.9% | 6.8% | 2.0% | −4.8 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.
