H 
4.77
+7.19%
Close of 9 Nov 2026, in BRL
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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 31.58bn
FY2016FY2025
Net income
−BRL 141.7m
FY2016FY2025
Free cash flow
−BRL 419.6m
FY2016FY2025
Shareholders' equity
BRL 48.25bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 31.58bn | BRL 28.91bn | BRL 27.95bn | BRL 23.75bn | BRL 9.88bn | BRL 8.55bn | BRL 5.63bn | BRL 4.58bn | BRL 3.85bn | BRL 3.04bn |
| Operating income | BRL 1.41bn | BRL 1.53bn | BRL 1.69bn | BRL 49.1m | BRL 636.6m | BRL 1.36bn | BRL 1.25bn | BRL 870.5m | BRL 783.5m | BRL 469.9m |
| Net income | −BRL 141.7m | −BRL 649.3m | −BRL 615.2m | −BRL 777.2m | BRL 497.8m | BRL 783.5m | BRL 849.8m | BRL 787.5m | BRL 648.8m | BRL 457.1m |
| Diluted earnings per share | -0.30 | -1.28 | -1.23 | -1.64 | 1.93 | 3.16 | 2.96 | 3.52 | 2.90 | 2.04 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 72.29bn | BRL 73.50bn | BRL 73.21bn | BRL 71.96bn | BRL 21.36bn | BRL 13.52bn | BRL 12.43bn | BRL 4.88bn | BRL 2.34bn | BRL 1.70bn |
| Cash and short-term investments | BRL 7.86bn | BRL 8.77bn | BRL 7.00bn | BRL 4.60bn | BRL 2.07bn | BRL 2.48bn | BRL 1.40bn | BRL 887.8m | BRL 907.0m | BRL 499.2m |
| Total liabilities | BRL 24.04bn | BRL 24.82bn | BRL 23.53bn | BRL 24.46bn | BRL 10.79bn | BRL 5.69bn | BRL 5.16bn | BRL 1.27bn | BRL 1.86bn | BRL 1.19bn |
| Debt | BRL 15.45bn | BRL 16.52bn | BRL 14.86bn | BRL 14.07bn | BRL 6.73bn | BRL 3.09bn | BRL 3.07bn | — | — | — |
| Shareholders' equity | BRL 48.25bn | BRL 48.68bn | BRL 49.68bn | BRL 48.75bn | BRL 10.57bn | BRL 7.83bn | BRL 7.26bn | BRL 3.60bn | BRL 471.9m | BRL 510.3m |
| Shares outstanding | 475m | 508m | 500m | 473m | 258m | 248m | 287m | 224m | 224m | 224m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 324.3m | BRL 2.71bn | BRL 2.32bn | BRL 971.9m | BRL 212.4m | BRL 1.33bn | BRL 656.8m | BRL 516.7m | BRL 618.5m | BRL 483.7m |
| Capital spending | −BRL 743.9m | −BRL 513.5m | −BRL 243.8m | −BRL 736.0m | −BRL 708.1m | −BRL 366.0m | −BRL 273.8m | −BRL 206.5m | −BRL 129.6m | −BRL 25.9m |
| Free cash flow | −BRL 419.6m | BRL 2.20bn | BRL 2.07bn | BRL 235.9m | −BRL 495.7m | BRL 959.6m | BRL 383.0m | BRL 310.1m | BRL 488.9m | BRL 457.8m |
| Dividends paid | — | — | −BRL 455.6m | −BRL 1.02bn | −BRL 284.6m | −BRL 204.7m | −BRL 192.7m | −BRL 823.8m | −BRL 161.4m | −BRL 193.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 1.22bn | BRL 1.39bn | BRL 7.89bn | BRL 7.92bn | BRL 7.96bn | BRL 7.80bn | BRL 7.41bn | BRL 7.73bn |
| Operating income | BRL 245.6m | BRL 622.1m | BRL 216.6m | BRL 349.9m | BRL 295.4m | BRL 808.9m | BRL 597.2m | BRL 527.0m |
| Net income | −BRL 76.3m | −BRL 101.0m | −BRL 83.5m | BRL 87.1m | −BRL 331.5m | BRL 186.1m | −BRL 252.0m | −BRL 81.3m |
| Diluted earnings per share | -0.16 | -0.21 | -0.18 | 0.18 | -0.70 | 0.39 | -0.50 | -0.16 |
| Cash from operations | −BRL 504.0m | BRL 610.0m | −BRL 672.0m | BRL 278.0m | BRL 639.0m | BRL 885.0m | BRL 561.0m | BRL 708.0m |
| Capital spending | −BRL 103.0m | −BRL 122.0m | −BRL 328.0m | −BRL 182.0m | −BRL 130.0m | −BRL 198.0m | −BRL 1.0m | −BRL 1.0m |
| Free cash flow | −BRL 607.0m | BRL 488.0m | −BRL 1.00bn | BRL 96.0m | BRL 509.0m | BRL 687.0m | BRL 560.0m | BRL 707.0m |
| Total assets | BRL 72.80bn | BRL 72.99bn | BRL 72.29bn | BRL 74.47bn | BRL 74.35bn | BRL 74.22bn | BRL 73.50bn | BRL 73.87bn |
| Cash and short-term investments | BRL 7.89bn | BRL 8.33bn | BRL 7.86bn | BRL 9.51bn | BRL 9.54bn | BRL 9.48bn | BRL 8.77bn | BRL 7.40bn |
| Debt | BRL 1.43bn | BRL 13.88bn | BRL 16.02bn | BRL 16.99bn | BRL 16.64bn | BRL 16.78bn | BRL 16.52bn | BRL 14.27bn |
| Shareholders' equity | BRL 48.06bn | BRL 48.15bn | BRL 48.25bn | BRL 48.65bn | BRL 48.57bn | BRL 48.86bn | BRL 48.68bn | BRL 48.69bn |
Financial ratios
Data as of 15 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Operating margin | 4.5% | 5.5% | 6.2% | 0.7% | 7.4% | 15.0% |
| Net margin | -0.4% | -2.2% | -2.2% | -3.3% | 5.0% | 9.2% |
| Return on equity | -0.3% | -1.3% | -1.2% | -1.6% | 4.7% | 10.0% |
| Return on assets | -0.2% | -0.9% | -0.8% | -1.1% | 2.3% | 5.8% |
| Free cash flow yield | 26.3% | 74.1% | 59.9% | 42.2% | 41.7% | 79.8% |
| Revenue growth | 9.2% | 3.5% | 17.7% | 140.3% | 15.5% | 51.8% |
| Earnings growth | -78.2% | 5.6% | -20.9% | -256.1% | -36.5% | -7.8% |
| Current ratio | 1.90x | 2.11x | 1.46x | 0.98x | 1.04x | 1.65x |
| Debt to equity | 0.28x | 0.27x | 0.24x | 0.25x | 0.53x | 0.27x |
| Equity ratio | 66.7% | 66.2% | 67.9% | 67.7% | 49.5% | 57.9% |
| Interest coverage | 0.51x | 0.77x | 0.76x | 0.10x | 3.10x | 8.57x |
| Buybacks as a share of market value | 6.6% | -1.7% | -5.6% | -83.5% | -4.1% | 13.8% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.0% | 29.8% | 29.1% |
| Operating income | 206.1% | 0.7% | 15.7% |
| Net income | -43.3% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.9% | 4.2% | 5.1% | 6.9% |
| Net margin | -1.3% | -1.9% | -0.7% | 1.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | -27.9 | -8.6 | -17.7 | -15.2 | 26.4 | 23.7 | 21.2 | 8.7 |
| Price to sales | 0.1 | 0.2 | 0.4 | 0.5 | 1.3 | 2.2 | 3.2 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 28 Dec 2021.
| FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|
| Paid in the year | 0.56 | 1.819 | 0.365 | 0.553 |
- 15-to-1 reverse split · 6 Jun 2025
- 5-for-1 split · 25 Nov 2020
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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