| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | 6.0 | 6.0 | 4.8 | 5.6 | 6.8 | 6.0 | −10.6% | |
| Depreciation & amortization | 11.2 | 12.0 | 12.7 | 13.4 | 14.2 | 14.7 | +3.2% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.1 | 0.0 | 0.0 | — | |
| Change in working capital | (0.1) | (1.2) | (0.3) | (1.1) | (1.8) | (2.9) | −60.9% | |
| Operating cash flow | 19.3 | 18.1 | 18.9 | 18.8 | 19.9 | 20.3 | +2.2% | |
| Capital expenditure | (8.3) | (9.3) | (9.9) | (8.8) | (9.3) | (9.3) | +0.6% | |
| Acquisitions | (0.0) | 0.0 | 0.1 | (0.1) | (0.2) | (0.6) | −265.5% | |
| Investing cash flow | (6.4) | (8.1) | (14.2) | (7.9) | (8.9) | (9.8) | −10.2% | |
| Dividends paid | (5.3) | (4.9) | (5.7) | (3.8) | (2.5) | (2.1) | +15.3% | |
| Share buybacks | (0.0) | (0.5) | (0.6) | (0.5) | (2.8) | (3.7) | −35.8% | |
| Debt issued / repaid | (5.3) | (3.9) | (2.5) | (4.4) | (3.4) | (5.2) | −52.8% | |
| Financing cash flow | (10.6) | (9.3) | (8.9) | (8.9) | (8.6) | (10.2) | −17.7% | |
| Free cash flow | 11.1 | 8.8 | 9.0 | 10.0 | 10.6 | 11.0 | +4.6% | |
| Net change in cash | 2.4 | 0.7 | (4.2) | 2.1 | 2.3 | 1.1 | −54.1% |
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.
