| BRL billions | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Net income | (3.6) | (0.2) | (1.1) | 0.8 | 2.2 | 2.0 | −10.3% | |
| Depreciation & amortization | 1.6 | 1.2 | 1.1 | 1.2 | 1.5 | 1.4 | −5.7% | |
| Stock-based compensation | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | |
| Change in working capital | (3.2) | 2.6 | 3.2 | 2.2 | 0.6 | 2.2 | +273.1% | |
| Operating cash flow | (6.7) | 2.9 | 4.0 | 3.0 | 5.4 | 4.8 | −11.6% | |
| Capital expenditure | (1.2) | (1.5) | (1.4) | (2.1) | (2.9) | (2.7) | +8.1% | |
| Acquisitions | (0.0) | (0.0) | (0.0) | (0.1) | (0.1) | (0.1) | +40.5% | |
| Investing cash flow | (0.5) | (0.8) | (0.6) | (2.2) | (3.7) | (3.4) | +9.7% | |
| Dividends paid | 0.0 | 0.0 | 0.0 | (0.1) | 0.0 | (0.1) | — | |
| Share buybacks | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | (1.0) | — | |
| Debt issued / repaid | 5.2 | (2.4) | (4.4) | (1.6) | (2.5) | 0.7 | +126.4% | |
| Financing cash flow | 5.2 | (2.4) | (3.6) | (1.7) | (2.1) | 0.8 | +138.5% | |
| Free cash flow | (7.9) | 1.4 | 2.6 | 0.9 | 2.5 | 2.1 | −15.6% | |
| Net change in cash | (2.2) | 0.5 | (0.1) | (0.9) | (0.4) | 2.1 | +641.2% |
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.
