| BRL millions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (10.4) | (73.9) | (112.4) | (247.9) | (68.7) | (96.4) | −40.3% | |
| Depreciation & amortization | 2.7 | 13.6 | 17.2 | 18.7 | 19.9 | 19.6 | −1.5% | |
| Stock-based compensation | 0.0 | 3.7 | 9.9 | 6.3 | 0.9 | 0.1 | −94.4% | |
| Change in working capital | 3.8 | (10.2) | (5.1) | 8.5 | 14.3 | 2.4 | −83.5% | |
| Operating cash flow | 2.2 | (6.7) | 14.2 | 2.8 | 38.6 | 8.0 | −79.1% | |
| Capital expenditure | 0.0 | (3.8) | (4.3) | (12.2) | (16.1) | (7.1) | +55.7% | |
| Acquisitions | 0.0 | (91.0) | 0.0 | 0.0 | 0.0 | (1.8) | — | |
| Investing cash flow | (0.0) | (94.8) | (4.3) | (12.2) | (16.1) | (8.9) | +44.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Share buybacks | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Debt issued / repaid | 0.0 | 74.0 | 6.5 | 8.1 | (10.0) | (12.9) | −29.0% | |
| Financing cash flow | 6.6 | 110.8 | (12.8) | 12.8 | (15.9) | 2.5 | +115.5% | |
| Free cash flow | 2.2 | (10.5) | 9.9 | (9.4) | 22.5 | 0.9 | −95.8% | |
| Net change in cash | 0.0 | 9.3 | (2.9) | 3.4 | 6.6 | (4.6) | −169.1% |
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.
