K
6.74
+0.75%
Close of 6 Nov 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 1.49bn
FY2016FY2025
Net income
BRL 156.3m
FY2016FY2025
Free cash flow
BRL 77.6m
FY2016FY2025
Shareholders' equity
BRL 774.2m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 1.49bn | BRL 1.61bn | BRL 1.51bn | BRL 1.82bn | BRL 1.23bn | BRL 671.2m | BRL 583.5m | BRL 576.3m | BRL 578.4m | BRL 475.3m |
| Gross profit | BRL 362.2m | BRL 481.2m | BRL 446.1m | BRL 662.2m | BRL 331.5m | BRL 162.5m | BRL 145.2m | BRL 83.4m | BRL 48.4m | BRL 32.7m |
| Research and development | — | BRL 2.0m | BRL 2.9m | BRL 839,000 | BRL 800,000 | BRL 349,000 | BRL 412,000 | BRL 337,000 | BRL 274,000 | BRL 210,000 |
| Operating income | BRL 164.8m | BRL 289.2m | BRL 317.7m | BRL 531.3m | BRL 204.9m | BRL 80.4m | BRL 52.4m | BRL 21.0m | −BRL 39.4m | −BRL 48.6m |
| Net income | BRL 156.3m | BRL 199.2m | BRL 245.2m | BRL 382.5m | BRL 154.6m | BRL 67.7m | BRL 37.6m | BRL 8.3m | −BRL 34.3m | −BRL 22.1m |
| Diluted earnings per share | 0.90 | 1.15 | 1.39 | 2.14 | 1.74 | 0.86 | 0.48 | 0.10 | -0.43 | -0.28 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 1.54bn | BRL 1.59bn | BRL 1.47bn | BRL 1.27bn | BRL 1.02bn | BRL 948.8m | BRL 676.1m | BRL 704.3m | BRL 716.2m | BRL 763.8m |
| Cash and short-term investments | BRL 316.4m | BRL 421.5m | BRL 355.2m | BRL 337.9m | BRL 131.8m | BRL 281.5m | BRL 79.1m | BRL 48.9m | BRL 94.3m | BRL 133.9m |
| Total liabilities | BRL 765.7m | BRL 853.2m | BRL 745.1m | BRL 676.5m | BRL 556.8m | BRL 431.1m | BRL 208.7m | BRL 263.2m | BRL 280.9m | BRL 295.0m |
| Debt | BRL 312.4m | BRL 329.2m | BRL 196.8m | BRL 170.9m | BRL 61.4m | BRL 17.2m | BRL 42.9m | BRL 65.5m | BRL 79.5m | BRL 118.2m |
| Shareholders' equity | BRL 774.2m | BRL 740.8m | BRL 726.2m | BRL 597.3m | BRL 461.6m | BRL 517.7m | BRL 467.4m | BRL 441.0m | BRL 435.3m | BRL 468.9m |
| Shares outstanding | 174m | 174m | 177m | 179m | 89m | 79m | 79m | 79m | 79m | 79m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 120.3m | BRL 193.9m | BRL 282.0m | BRL 348.2m | BRL 42.0m | BRL 254.0m | BRL 61.5m | −BRL 20.5m | −BRL 18.6m | BRL 53.1m |
| Capital spending | −BRL 42.7m | −BRL 41.0m | −BRL 75.4m | −BRL 56.0m | −BRL 39.9m | −BRL 11.8m | −BRL 13.2m | −BRL 11.0m | −BRL 18.0m | −BRL 13.1m |
| Free cash flow | BRL 77.6m | BRL 152.9m | BRL 206.7m | BRL 292.2m | BRL 2.1m | BRL 242.1m | BRL 48.3m | −BRL 31.5m | −BRL 36.6m | BRL 40.0m |
| Dividends paid | −BRL 149.4m | −BRL 152.7m | −BRL 152.7m | −BRL 178.6m | −BRL 25.4m | −BRL 14.4m | −BRL 6.6m | −BRL 6.6m | −BRL 6.6m | −BRL 2.7m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 299.1m | BRL 318.1m | BRL 398.7m | BRL 423.3m | BRL 311.1m | BRL 357.2m | BRL 460.1m | BRL 439.1m |
| Gross profit | BRL 61.4m | BRL 66.3m | BRL 99.3m | BRL 105.4m | BRL 72.4m | BRL 85.1m | BRL 130.8m | BRL 131.1m |
| Operating income | BRL 14.9m | BRL 17.7m | BRL 50.9m | BRL 69.1m | BRL 28.7m | BRL 43.3m | BRL 72.2m | BRL 83.1m |
| Net income | BRL 6.3m | BRL 17.1m | BRL 64.8m | BRL 51.6m | BRL 14.4m | BRL 25.6m | BRL 50.4m | BRL 59.6m |
| Diluted earnings per share | 0.04 | 0.10 | 0.37 | 0.30 | 0.08 | 0.15 | 0.29 | 0.34 |
| Cash from operations | −BRL 14.0m | BRL 73.0m | BRL 34.0m | BRL 53.0m | BRL 68.0m | −BRL 36.0m | BRL 5.0m | BRL 31.0m |
| Capital spending | −BRL 9.0m | −BRL 4.0m | −BRL 6.0m | −BRL 12.0m | −BRL 21.0m | −BRL 13.0m | −BRL 14.0m | −BRL 7.0m |
| Free cash flow | −BRL 23.0m | BRL 69.0m | BRL 28.0m | BRL 41.0m | BRL 47.0m | −BRL 49.0m | −BRL 9.0m | BRL 24.0m |
| Total assets | BRL 1.48bn | BRL 1.54bn | BRL 1.54bn | BRL 1.58bn | BRL 1.53bn | BRL 1.52bn | BRL 1.59bn | BRL 1.55bn |
| Cash and short-term investments | BRL 354.2m | BRL 375.8m | BRL 316.4m | BRL 363.9m | BRL 358.2m | BRL 356.8m | BRL 421.5m | BRL 457.9m |
| Debt | BRL 183.1m | BRL 323.8m | BRL 337.7m | BRL 356.3m | BRL 343.9m | BRL 323.6m | BRL 331.4m | BRL 317.7m |
| Shareholders' equity | BRL 797.7m | BRL 791.9m | BRL 774.2m | BRL 755.9m | BRL 728.9m | BRL 714.2m | BRL 740.8m | BRL 754.5m |
Financial ratios
Data as of 1 Nov 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Gross margin | 24.3% | 29.9% | 29.5% | 36.5% | 27.0% | 24.2% | — |
| Operating margin | 11.1% | 19.7% | 22.5% | 30.1% | 17.7% | 14.4% | — |
| Net margin | 10.5% | 12.4% | 16.2% | 21.1% | 12.6% | 10.1% | — |
| Return on equity | 20.2% | 26.9% | 33.8% | 64.0% | 33.5% | 13.1% | — |
| Return on assets | 10.1% | 12.5% | 16.7% | 30.0% | 15.2% | 7.1% | — |
| Free cash flow yield | 15.0% | 21.6% | 32.2% | 36.1% | 14.7% | 53.7% | — |
| Revenue growth | -7.3% | 6.3% | -16.7% | 48.1% | 82.7% | 15.0% | — |
| Earnings growth | -21.5% | -18.8% | -35.9% | 147.3% | 128.6% | 80.1% | — |
| Current ratio | 1.96x | 1.98x | 1.62x | 1.59x | 1.26x | 1.39x | — |
| Debt to equity | 0.39x | 0.43x | 0.26x | 0.29x | 0.13x | 0.03x | — |
| Equity ratio | 50.3% | 46.5% | 49.4% | 46.9% | 45.3% | 54.6% | — |
| Interest coverage | 2.86x | 7.80x | 9.67x | 24.13x | 9.96x | 12.70x | — |
| R&D as a share of sales | — | 0.1% | 0.2% | 0.0% | 0.1% | 0.1% | 0.1% |
| Buybacks as a share of market value | 0.1% | 1.7% | 1.1% | -100.8% | -12.7% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.4% | 17.3% | 7.8% |
| Operating income | -32.3% | 15.4% | 46.2% |
| Net income | -25.8% | 18.2% | 38.0% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 27.2% | 30.4% | 29.4% | 25.3% |
| Operating margin | 14.7% | 20.3% | 19.1% | 14.0% |
| Net margin | 11.5% | 15.3% | 14.5% | 10.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 10.6 | 8.1 | 7.9 | 4.7 | 3.8 | 7.4 | 10.3 | 23.8 | -7.5 | -10.7 |
| Price to sales | 1.1 | 1.0 | 1.3 | 1.0 | 0.5 | 0.7 | 0.7 | 0.3 | 0.4 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 7 years. Last went ex-dividend on 16 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.837 | 0.844 | 0.859 | 0.997 | 1.809 | 0.091 | 0.042 | 0.017 |
- 2-for-1 split · 4 Apr 2023
- 3-for-1 split · 6 May 2022
- 50-to-1 reverse split · 28 Aug 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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