| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 50.9 | 75.3 | 110.9 | 121.4 | 129.0 | 151.5 | +17.5% | |
| Cost of revenue | 20.0 | 28.8 | 68.9 | 85.8 | 85.1 | 109.8 | +29.1% | |
| Gross profit | 30.9 | 46.5 | 42.0 | 35.5 | 43.9 | 41.7 | −5.1% | |
| Research & development | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Selling, general & administrative | 15.4 | 15.8 | 16.8 | 18.1 | 18.9 | 19.4 | +2.6% | |
| Selling & marketing | 0.7 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | −6.5% | |
| Operating expenses | 21.2 | 21.7 | 22.4 | 23.6 | 24.7 | 25.0 | +1.0% | |
| Operating income | 9.7 | 24.8 | 19.6 | 11.9 | 19.2 | 16.7 | −12.8% | |
| Interest expense | 18.3 | 26.7 | 67.7 | 81.4 | 80.5 | 104.9 | +30.3% | |
| Interest income | 62.8 | 78.0 | 115.2 | 128.3 | 137.2 | 162.5 | +18.5% | |
| Other income / expense | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Pre-tax income | 9.7 | 24.8 | 19.6 | 11.9 | 19.2 | 16.7 | −12.8% | |
| Income tax | (3.8) | 9.2 | 5.2 | 2.4 | 5.8 | 3.8 | −34.8% | |
| Net income | 13.4 | 15.5 | 14.3 | 9.4 | 13.4 | 12.8 | −4.5% | |
| 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) | 1.80 | 2.08 | 1.92 | 0.62 | 0.87 | 1.63 | +87.4% | |
| EPS, diluted (per share) | 1.80 | 2.08 | 1.90 | 0.62 | 0.87 | 1.63 | +87.4% | |
| EBITDA | 12.2 | 27.2 | 22.2 | 14.7 | 21.9 | 19.4 | −11.7% | |
| Depreciation & amortization | 2.6 | 2.4 | 2.6 | 2.7 | 2.7 | 2.6 | −3.9% | |
| Weighted average shares (shares) | 7,464,806,000 | 7,469,274,000 | 7,436,210,000 | 7,451,305,000 | 7,459,996,000 | 3,804,009,000 | −49.0% | |
| Weighted average diluted shares (shares) | 7,464,806,000 | 7,469,274,000 | 7,511,714,000 | 7,451,305,000 | 7,459,991,000 | 3,804,009,000 | −49.0% | |
| Gross margin | 60.7% | 61.7% | 37.8% | 29.3% | 34.0% | 27.5% | −6.5 pts | |
| Operating margin | 19.0% | 32.9% | 17.7% | 9.8% | 14.9% | 11.0% | −3.8 pts | |
| Net margin | 26.4% | 20.6% | 12.9% | 7.8% | 10.4% | 8.4% | −1.9 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.
