| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 2.4 | 15.6 | 11.5 | 7.5 | 4.6 | 1.4 | −69.2% | |
| Depreciation & amortization | 2.5 | 2.7 | 2.9 | 3.0 | 3.1 | 3.7 | +17.8% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | 0.6 | (6.9) | (4.6) | 0.1 | 1.4 | 0.6 | −55.3% | |
| Operating cash flow | 6.4 | 12.5 | 11.2 | 11.1 | 11.4 | 8.0 | −29.8% | |
| Capital expenditure | (1.8) | (3.2) | (4.5) | (5.3) | (5.9) | (6.9) | −15.2% | |
| Acquisitions | (0.5) | 0.1 | (0.0) | (0.5) | (0.6) | (0.8) | −22.1% | |
| Investing cash flow | (2.2) | (3.0) | (4.5) | (5.8) | (5.0) | (7.6) | −50.4% | |
| Dividends paid | (0.3) | (5.3) | (5.9) | (2.7) | (1.7) | (1.3) | +22.4% | |
| Share buybacks | 0.0 | 0.0 | (1.1) | 0.0 | (1.2) | (1.2) | +2.1% | |
| Debt issued / repaid | (2.2) | (4.6) | (1.2) | (1.4) | 0.2 | 0.7 | +350.7% | |
| Financing cash flow | (2.5) | (10.0) | (8.3) | (4.1) | (2.7) | (1.7) | +36.1% | |
| Free cash flow | 4.6 | 9.3 | 6.7 | 5.8 | 5.4 | 1.1 | −79.1% | |
| Net change in cash | 2.0 | (0.5) | (1.7) | 0.5 | 4.8 | (1.8) | −138.6% |
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.
