GBAF Logo
Global Banking & Finance Awards® 2026 Nominations open, free to enter Nominate now →
A

Azzas 2154 AZZA3.SA · BRL

Consumer Discretionary · B3 · 🇧🇷 Brazil

Compare

15.12

+2.44%

Close of 9 Nov 2026, in BRL

Search any instrument

Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

Popular Bitcoin Ethereum Nvidia Apple S&P 500 Gold EUR/USD US 10Y

At a glance

Figures in BRL, from our data supplier.

FY2025

Revenue

BRL 11.82bn

FY2016FY2025

Net income

BRL 911.2m

FY2016FY2025

Free cash flow

BRL 691.2m

FY2016FY2025

Shareholders' equity

BRL 7.98bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueBRL 11.82bnBRL 8.38bnBRL 4.85bnBRL 4.23bnBRL 2.92bnBRL 1.59bnBRL 1.68bnBRL 1.53bnBRL 1.36bnBRL 1.24bn
Gross profitBRL 6.50bnBRL 4.47bnBRL 2.63bnBRL 2.28bnBRL 1.54bnBRL 755.2mBRL 775.7mBRL 710.7mBRL 623.8mBRL 549.3m
Operating incomeBRL 837.0mBRL 501.2mBRL 562.0mBRL 550.1mBRL 466.3mBRL 113.0mBRL 219.9mBRL 191.3mBRL 173.6mBRL 151.3m
Net incomeBRL 911.2mBRL 341.7mBRL 399.4mBRL 424.7mBRL 345.2mBRL 48.6mBRL 162.1mBRL 142.6mBRL 154.5mBRL 116.1m
Diluted earnings per share4.512.663.483.763.430.531.791.561.721.30

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsBRL 15.45bnBRL 15.25bnBRL 5.98bnBRL 4.66bnBRL 3.37bnBRL 2.83bnBRL 1.41bnBRL 1.05bnBRL 1.05bnBRL 907.1m
Cash and short-term investmentsBRL 1.08bnBRL 774.5mBRL 749.7mBRL 476.4mBRL 262.6mBRL 561.2mBRL 277.7mBRL 235.8mBRL 337.9mBRL 242.8m
Total liabilitiesBRL 7.47bnBRL 7.53bnBRL 3.05bnBRL 2.00bnBRL 1.77bnBRL 1.48bnBRL 667.2mBRL 333.7mBRL 384.9mBRL 237.4m
DebtBRL 4.00bnBRL 3.53bnBRL 1.60bnBRL 776.4mBRL 766.5mBRL 847.6mBRL 389.8mBRL 111.4mBRL 181.7mBRL 106.0m
Shareholders' equityBRL 7.98bnBRL 7.70bnBRL 2.91bnBRL 2.65bnBRL 1.59bnBRL 1.35bnBRL 746.1mBRL 711.3mBRL 665.0mBRL 669.7m
Shares outstanding202m128m115m113m101m91m91m92m90m89m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsBRL 1.07bnBRL 364.0mBRL 412.6mBRL 138.3mBRL 241.9mBRL 220.3mBRL 204.9mBRL 117.8mBRL 171.8mBRL 101.7m
Capital spending−BRL 383.7m−BRL 419.0m−BRL 235.2m−BRL 233.1m−BRL 168.9m−BRL 46.2m−BRL 65.6m−BRL 48.6m−BRL 21.5m−BRL 25.1m
Free cash flowBRL 691.2m−BRL 55.0mBRL 177.4m−BRL 94.9mBRL 73.1mBRL 174.1mBRL 139.3mBRL 69.2mBRL 150.3mBRL 76.6m
Dividends paid−BRL 500.0m−BRL 60.0m−BRL 33.0m−BRL 76.2m−BRL 2.6m−BRL 28.6m−BRL 100.0m−BRL 73.8m−BRL 141.8m−BRL 30.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueBRL 2.66bnBRL 2.48bnBRL 3.26bnBRL 2.96bnBRL 2.90bnBRL 2.70bnBRL 3.40bnBRL 2.55bn
Gross profitBRL 1.46bnBRL 1.35bnBRL 1.80bnBRL 1.60bnBRL 1.62bnBRL 1.48bnBRL 1.83bnBRL 1.39bn
Operating incomeBRL 113.6mBRL 143.0mBRL 291.9mBRL 274.7mBRL 360.3mBRL 265.1m−BRL 93.2mBRL 356.5m
Net incomeBRL 29.8mBRL 38.6mBRL 90.8mBRL 165.0mBRL 537.7mBRL 117.8m−BRL 67.3mBRL 206.5m
Diluted earnings per share0.150.190.450.822.660.58-0.521.61
Cash from operationsBRL 279.0m−BRL 11.0mBRL 949.0mBRL 142.0mBRL 87.0m−BRL 104.0mBRL 364.0m−BRL 34.0m
Capital spending−BRL 76.0m−BRL 61.0m−BRL 96.0m−BRL 109.0m−BRL 94.0m−BRL 84.0m−BRL 195.0m−BRL 115.0m
Free cash flowBRL 203.0m−BRL 72.0mBRL 853.0mBRL 33.0m−BRL 7.0m−BRL 188.0mBRL 169.0m−BRL 149.0m
Total assetsBRL 15.05bnBRL 15.19bnBRL 15.45bnBRL 15.52bnBRL 15.52bnBRL 15.34bnBRL 15.25bnBRL 14.91bn
Cash and short-term investmentsBRL 1.14bnBRL 1.06bnBRL 1.08bnBRL 735.5mBRL 823.2mBRL 1.10bnBRL 774.5mBRL 766.4m
DebtBRL 980.1mBRL 3.45bnBRL 4.00bnBRL 3.85bnBRL 3.84bnBRL 4.07bnBRL 3.53bnBRL 3.29bn
Shareholders' equityBRL 8.04bnBRL 8.01bnBRL 7.98bnBRL 8.35bnBRL 8.34bnBRL 7.80bnBRL 7.70bnBRL 7.87bn

Financial ratios

Data as of 16 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin55.0%53.3%54.2%53.9%52.6%47.5%
Operating margin7.1%2.7%10.7%14.1%15.2%4.9%
Net margin7.7%4.1%8.2%10.0%11.8%3.1%
Return on equity11.4%4.4%13.7%16.0%21.7%3.6%
Return on assets5.9%2.2%6.7%9.1%10.3%1.7%
Free cash flow yield30.6%25.8%23.9%13.9%17.3%12.3%
Revenue growth41.0%72.9%14.5%44.8%83.8%-5.3%
Earnings growth166.7%-14.4%-6.0%23.0%610.6%-70.0%
Current ratio1.84x1.51x1.27x1.46x1.08x1.72x
Debt to equity0.43x0.37x0.41x0.19x0.37x0.22x
Equity ratio51.6%50.5%48.7%57.0%47.2%47.6%
Interest coverage1.74x0.62x3.63x4.79x10.86x3.32x
Buybacks as a share of market value-57.3%-11.7%-1.7%-12.3%-10.0%-0.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue40.8%49.3%26.6%
Operating income15.0%49.2%19.5%
Net income29.0%79.7%22.5%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin54.3%54.2%53.8%52.3%
Operating margin6.6%8.4%9.0%9.6%
Net margin6.2%7.1%7.3%7.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings5.611.118.620.822.4128.435.835.431.919.3
Price to sales0.40.51.52.12.63.93.53.33.61.8

Dividends and splits

Per share, in the currency the company pays

Paid for 15 years. Last went ex-dividend on 22 Dec 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year2.4761.1161.9321.8360.5880.2341.5261.285

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.