A 
4.82
+10.55%
Close of 9 Nov 2026, in USD
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 21.64bn
FY2016FY2025
Net income
BRL 124.9m
FY2016FY2025
Free cash flow
−BRL 1.40bn
FY2016FY2025
Shareholders' equity
−BRL 29.02bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 21.64bn | BRL 19.53bn | BRL 18.55bn | BRL 15.95bn | BRL 9.98bn | BRL 5.74bn | BRL 11.44bn | BRL 9.06bn | BRL 7.70bn | BRL 6.67bn |
| Operating income | BRL 4.32bn | BRL 3.39bn | BRL 1.66bn | BRL 1.43bn | BRL 54.8m | −BRL 1.40bn | −BRL 1.20bn | BRL 1.19bn | BRL 1.24bn | BRL 344.3m |
| Net income | BRL 124.9m | −BRL 9.15bn | −BRL 2.38bn | −BRL 722.4m | −BRL 4.21bn | −BRL 10.83bn | −BRL 2.40bn | −BRL 635.7m | BRL 424.5m | −BRL 126.3m |
| Diluted earnings per share | 0.14 | -39.48 | -61.62 | -3.11 | -31.14 | -47.51 | -10.49 | -2.77 | 1.88 | -0.57 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 23.63bn | BRL 26.27bn | BRL 20.53bn | BRL 18.72bn | BRL 18.53bn | BRL 15.79bn | BRL 19.20bn | BRL 16.09bn | BRL 13.92bn | BRL 8.40bn |
| Cash and short-term investments | BRL 1.02bn | BRL 1.28bn | BRL 1.90bn | BRL 668.3m | BRL 3.08bn | BRL 3.16bn | BRL 1.71bn | BRL 1.69bn | BRL 1.81bn | BRL 933.8m |
| Total liabilities | BRL 52.65bn | BRL 56.71bn | BRL 41.86bn | BRL 37.73bn | BRL 36.87bn | BRL 29.94bn | BRL 22.72bn | BRL 17.24bn | BRL 14.31bn | BRL 7.40bn |
| Debt | BRL 35.84bn | BRL 37.54bn | BRL 26.34bn | BRL 23.97bn | BRL 24.91bn | BRL 19.88bn | BRL 15.62bn | BRL 11.68bn | BRL 9.92bn | BRL 4.08bn |
| Shareholders' equity | −BRL 29.02bn | −BRL 30.44bn | −BRL 21.33bn | −BRL 19.01bn | −BRL 18.33bn | −BRL 14.15bn | −BRL 3.52bn | −BRL 1.15bn | BRL 2.83bn | BRL 1.00bn |
| Shares outstanding | 896m | 232m | 39m | 232m | 135m | 228m | 229m | 230m | 225m | 220m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 1.21bn | BRL 2.79bn | BRL 3.44bn | BRL 2.44bn | −BRL 310.6m | BRL 976.2m | BRL 2.59bn | BRL 1.76bn | BRL 1.01bn | BRL 54.0m |
| Capital spending | −BRL 194.5m | −BRL 1.26bn | −BRL 803.3m | −BRL 1.25bn | −BRL 624.3m | −BRL 343.1m | −BRL 1.43bn | −BRL 1.09bn | −BRL 695.0m | −BRL 385.8m |
| Free cash flow | −BRL 1.40bn | BRL 1.53bn | BRL 2.64bn | BRL 1.18bn | −BRL 934.9m | BRL 633.2m | BRL 1.17bn | BRL 678.5m | BRL 319.2m | −BRL 331.8m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 5.09bn | BRL 5.47bn | BRL 5.57bn | BRL 5.62bn | BRL 4.94bn | BRL 5.39bn | BRL 5.55bn | BRL 5.13bn |
| Operating income | −BRL 299.5m | BRL 676.0m | BRL 1.05bn | BRL 831.2m | −BRL 36.3m | BRL 1.48bn | BRL 977.7m | BRL 1.03bn |
| Net income | −BRL 1.43bn | BRL 6.02bn | −BRL 1.63bn | −BRL 1.34bn | BRL 1.47bn | BRL 1.65bn | −BRL 4.53bn | BRL 360.3m |
| Diluted earnings per share | -7.77 | 32.67 | -1.82 | -1.49 | 1.64 | 1.85 | -12.58 | 1.55 |
| Cash from operations | −BRL 213.0m | −BRL 126.0m | BRL 206.0m | −BRL 1.03bn | −BRL 68.0m | −BRL 313.0m | — | BRL 693.0m |
| Capital spending | −BRL 77.0m | −BRL 64.0m | −BRL 132.0m | −BRL 29.0m | −BRL 57.0m | −BRL 144.0m | — | −BRL 247.0m |
| Free cash flow | −BRL 290.0m | −BRL 190.0m | BRL 74.0m | −BRL 1.06bn | −BRL 125.0m | −BRL 457.0m | — | BRL 446.0m |
| Total assets | BRL 30.74bn | BRL 30.78bn | BRL 23.64bn | BRL 27.67bn | BRL 26.90bn | BRL 25.55bn | BRL 26.27bn | BRL 23.40bn |
| Cash and short-term investments | BRL 1.27bn | BRL 2.06bn | — | BRL 1.77bn | BRL 2.59bn | BRL 1.60bn | BRL 1.28bn | BRL 1.14bn |
| Debt | BRL 12.47bn | BRL 12.17bn | BRL 9.58bn | BRL 24.93bn | BRL 21.62bn | BRL 4.87bn | BRL 28.90bn | BRL 6.47bn |
| Shareholders' equity | −BRL 5.15bn | −BRL 3.73bn | −BRL 29.04bn | −BRL 27.45bn | −BRL 26.04bn | −BRL 28.45bn | −BRL 30.44bn | −BRL 26.04bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | — | 16.6% | 11.9% | 22.1% | -9.8% | -154.3% | -30.6% |
| Net margin | — | -46.9% | -12.8% | -4.5% | -42.2% | -188.6% | 7.2% |
| Return on equity | — | 30.1% | 11.2% | 3.8% | 23.0% | 76.6% | -23.4% |
| Return on assets | — | -34.8% | -11.6% | -3.9% | -22.7% | -68.6% | 4.3% |
| Free cash flow yield | — | 508.9% | 533.7% | 403.1% | 50.8% | 167.8% | 510.5% |
| Revenue growth | — | 5.2% | 16.3% | 59.9% | 73.7% | -49.8% | 24.3% |
| Earnings growth | — | 284.4% | 229.5% | -82.9% | -61.1% | -1415.4% | 17.1% |
| Current ratio | — | 0.27x | 0.34x | 0.32x | 0.50x | 0.53x | 0.60x |
| Debt to equity | — | -0.74x | -0.70x | -0.71x | -0.74x | -0.68x | -1.45x |
| Equity ratio | — | -115.8% | -103.9% | -101.5% | -98.9% | -89.6% | -18.3% |
| Interest coverage | — | 0.67x | 0.49x | 0.83x | -0.28x | -4.01x | -2.64x |
| Buybacks as a share of market value | -23.1% | 0.0% | 17.6% | -5.1% | -16.7% | 0.2% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.7% | 30.4% | 13.2% |
| Operating income | 44.6% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 18.7% | 14.3% | 10.3% | 8.2% |
| Net margin | -21.9% | -16.0% | -29.7% | -23.4% |
Valuation history
At each fiscal year end
| FY2025 | |
|---|---|
| Price to earnings | 3.6 |
| Price to sales | 0.0 |
Market value over time
29 Sept 2017 to 14 Oct 2026, in BRL
BRL 3.10bnBRL 979.9m
Share price return
Finished calendar years
| 2025 | |
|---|---|
| Return | 2460% |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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