| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 17.8 | 19.5 | 22.1 | 25.6 | 36.1 | 37.3 | +3.3% | |
| Cost of revenue | 11.2 | 12.8 | 14.4 | 16.1 | 16.6 | 23.7 | +42.5% | |
| Gross profit | 6.6 | 6.7 | 7.7 | 9.5 | 19.5 | 13.7 | −30.0% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 1.6 | 1.9 | 2.0 | 2.4 | 2.9 | 1.6 | −47.2% | |
| Selling & marketing | 0.8 | 0.8 | 0.4 | 1.0 | 0.4 | 0.0 | −100.0% | |
| Operating expenses | 2.1 | 2.6 | 3.1 | 3.2 | 4.0 | 1.6 | −59.2% | |
| Operating income | 4.5 | 4.1 | 4.6 | 6.3 | 15.5 | 12.0 | −22.4% | |
| Interest expense | 0.2 | 0.7 | 1.2 | 1.4 | 1.8 | 4.2 | +135.0% | |
| Interest income | 0.0 | 0.1 | 0.2 | 0.6 | 0.3 | 1.8 | +567.3% | |
| Other income / expense | (3.2) | (0.9) | (0.4) | (1.6) | (1.9) | (0.6) | +69.8% | |
| Pre-tax income | 1.3 | 3.2 | 4.3 | 4.8 | 13.6 | 11.5 | −15.9% | |
| Income tax | 0.4 | 0.9 | 1.2 | 1.2 | 4.1 | 3.2 | −21.8% | |
| Net income | 1.0 | 2.3 | 3.1 | 3.5 | 9.6 | 8.3 | −13.4% | |
| 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) | 0.28 | 0.67 | 0.91 | 1.03 | 2.80 | 2.42 | −13.7% | |
| EPS, diluted (per share) | 0.28 | 0.67 | 0.91 | 1.03 | 2.80 | 2.42 | −13.7% | |
| EBITDA | 4.1 | 6.2 | 7.9 | 9.0 | 18.1 | 17.9 | −1.4% | |
| Depreciation & amortization | 2.0 | 2.3 | 2.5 | 2.8 | 2.7 | 2.2 | −19.1% | |
| Weighted average shares (shares) | 3,417,549,345 | 3,417,549,345 | 3,417,550,000 | 3,417,550,000 | 3,417,550,000 | 3,419,585,000 | +0.1% | |
| Weighted average diluted shares (shares) | 3,417,549,345 | 3,417,549,345 | 3,417,550,000 | 3,417,550,000 | 3,417,550,000 | 3,421,160,000 | +0.1% | |
| Gross margin | 37.2% | 34.3% | 34.9% | 37.2% | 54.1% | 36.6% | −17.4 pts | |
| Operating margin | 25.2% | 21.0% | 21.1% | 24.8% | 42.9% | 32.2% | −10.7 pts | |
| Net margin | 5.5% | 11.8% | 14.2% | 13.8% | 26.5% | 22.2% | −4.3 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.
