G 
3.75
—
Close of 26 Oct 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 190.2m
FY2016FY2025
Net income
BRL 22.2m
FY2016FY2025
Free cash flow
−BRL 54.7m
FY2016FY2025
Shareholders' equity
−BRL 1.51bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 190.2m | BRL 180.5m | BRL 160.7m | BRL 154.1m | BRL 130.6m | BRL 91.8m | BRL 139.2m | BRL 215.6m | BRL 252.3m | BRL 259.2m |
| Operating income | −BRL 11.6m | −BRL 99.8m | BRL 51.9m | BRL 48.0m | BRL 50.3m | BRL 16.2m | BRL 117.1m | BRL 53.3m | BRL 428.5m | BRL 197.7m |
| Net income | BRL 22.2m | −BRL 815.3m | BRL 93.2m | −BRL 86.8m | −BRL 256.5m | −BRL 472.9m | −BRL 34.3m | −BRL 357.0m | BRL 251.5m | BRL 183.4m |
| Diluted earnings per share | 11.82 | -434.74 | 49.68 | -46.27 | -136.76 | -252.20 | -18.30 | -5.29 | 3.72 | 97.79 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 1.06bn | BRL 1.22bn | BRL 1.53bn | BRL 1.50bn | BRL 1.73bn | BRL 1.69bn | BRL 1.70bn | BRL 2.97bn | BRL 3.56bn | BRL 3.30bn |
| Cash and short-term investments | BRL 79.4m | BRL 145.0m | BRL 92.5m | BRL 127.0m | BRL 269.3m | BRL 113.5m | BRL 268.5m | BRL 516.6m | BRL 108.6m | BRL 72.8m |
| Total liabilities | BRL 2.57bn | BRL 2.75bn | BRL 2.25bn | BRL 2.31bn | BRL 2.45bn | BRL 2.16bn | BRL 1.70bn | BRL 2.93bn | BRL 2.34bn | BRL 2.33bn |
| Debt | BRL 2.22bn | BRL 2.38bn | BRL 1.80bn | BRL 1.79bn | BRL 1.93bn | BRL 1.70bn | BRL 1.30bn | BRL 1.29bn | BRL 1.34bn | BRL 1.22bn |
| Shareholders' equity | −BRL 1.51bn | −BRL 1.53bn | −BRL 718.6m | −BRL 811.8m | −BRL 725.0m | −BRL 468.6m | BRL 4.4m | BRL 38.7m | BRL 1.22bn | BRL 973.2m |
| Shares outstanding | 2m | 2m | 2m | 2m | 2m | 2m | 2m | 68m | 68m | 2m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 39.8m | −BRL 8.6m | −BRL 62.9m | −BRL 125.9m | −BRL 39.7m | BRL 40.2m | −BRL 68.9m | −BRL 90.5m | BRL 97.8m | BRL 116.0m |
| Capital spending | −BRL 14.9m | −BRL 73.0m | −BRL 119.8m | −BRL 98.6m | −BRL 81.9m | −BRL 133.4m | −BRL 394.5m | −BRL 99.9m | −BRL 65.1m | −BRL 104.2m |
| Free cash flow | −BRL 54.7m | −BRL 81.6m | −BRL 182.7m | −BRL 224.5m | −BRL 121.6m | −BRL 93.2m | −BRL 463.4m | −BRL 190.4m | BRL 32.7m | BRL 11.7m |
| Dividends paid | — | — | — | — | — | — | −BRL 207.2m | −BRL 207.2m | −BRL 207.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 44.6m | BRL 46.7m | BRL 54.6m | BRL 46.6m | BRL 44.2m | BRL 44.8m | BRL 53.9m | BRL 43.0m |
| Operating income | BRL 13.7m | −BRL 340.6m | −BRL 57.1m | BRL 18.2m | BRL 14.8m | BRL 12.5m | −BRL 138.4m | BRL 23.4m |
| Net income | BRL 52.8m | −BRL 282.8m | −BRL 193.7m | BRL 20.7m | BRL 71.0m | BRL 124.1m | −BRL 472.8m | BRL 2.6m |
| Diluted earnings per share | 28.16 | -150.82 | -103.27 | 11.02 | 37.87 | 66.20 | -252.10 | 1.40 |
| Cash from operations | BRL 48.0m | −BRL 6.0m | −BRL 39.0m | −BRL 38.0m | −BRL 23.0m | −BRL 11.0m | −BRL 8.0m | −BRL 93.0m |
| Capital spending | — | −BRL 3.0m | −BRL 14.0m | −BRL 5.0m | −BRL 3.0m | −BRL 2.0m | −BRL 72.0m | −BRL 54.0m |
| Free cash flow | — | −BRL 9.0m | −BRL 53.0m | −BRL 43.0m | −BRL 26.0m | −BRL 13.0m | −BRL 80.0m | −BRL 147.0m |
| Total assets | BRL 705.5m | BRL 1.02bn | BRL 1.06bn | BRL 1.14bn | BRL 1.16bn | BRL 1.19bn | BRL 1.22bn | BRL 1.39bn |
| Cash and short-term investments | — | — | BRL 79.4m | BRL 72.3m | BRL 86.1m | BRL 115.7m | BRL 145.0m | BRL 91.9m |
| Debt | BRL 1.82bn | BRL 2.13bn | BRL 2.22bn | BRL 2.13bn | BRL 2.15bn | BRL 2.23bn | BRL 2.38bn | BRL 2.08bn |
| Shareholders' equity | −BRL 1.74bn | −BRL 1.79bn | −BRL 1.51bn | −BRL 1.32bn | −BRL 1.34bn | −BRL 1.41bn | −BRL 1.53bn | −BRL 1.06bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 7.3% | 15.7% | -6.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | -30.0% | -1.7% | 6.1% | 42.0% |
| Net margin | -214.0% | -114.8% | -167.0% | -94.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 0.3 | -0.0 | 0.3 | -0.5 | -0.3 | -0.2 | -5.5 | -8.8 | 10.8 | 0.3 |
| Price to sales | 0.0 | 0.1 | 0.2 | 0.3 | 0.5 | 1.2 | 1.4 | 14.5 | 10.8 | 0.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 27 Mar 2019.
| FY2018 | |
|---|---|
| Paid in the year | 110.507 |
- 36-to-1 reverse split · 13 Jan 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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