P 
3.09
-0.64%
Close of 6 Nov 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 3.35bn
FY2016FY2025
Net income
BRL 8.6m
FY2016FY2025
Free cash flow
BRL 274.5m
FY2016FY2025
Shareholders' equity
BRL 1.58bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 3.35bn | BRL 3.69bn | BRL 3.93bn | BRL 4.40bn | BRL 3.37bn | BRL 1.97bn | BRL 1.70bn | BRL 1.68bn | BRL 1.72bn | BRL 1.75bn |
| Research and development | — | — | BRL 15.5m | — | — | BRL 57.6m | BRL 29.2m | BRL 27.0m | BRL 22.0m | BRL 27.8m |
| Operating income | BRL 212.2m | BRL 266.9m | BRL 506.8m | BRL 627.4m | BRL 299.0m | BRL 335.1m | BRL 98.9m | BRL 75.0m | BRL 39.1m | BRL 104.0m |
| Net income | BRL 8.6m | BRL 80.4m | BRL 246.8m | BRL 303.1m | BRL 200.3m | BRL 191.0m | BRL 16.5m | −BRL 461,000 | −BRL 47.6m | BRL 8.8m |
| Diluted earnings per share | 0.06 | 0.58 | 1.75 | 2.16 | 1.27 | 1.36 | 0.19 | -0.01 | -0.55 | 0.10 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 4.47bn | BRL 4.47bn | BRL 4.58bn | BRL 4.20bn | BRL 3.75bn | BRL 2.82bn | BRL 1.95bn | BRL 1.79bn | BRL 1.73bn | BRL 1.82bn |
| Cash and short-term investments | BRL 618.4m | BRL 566.9m | BRL 591.4m | BRL 426.6m | BRL 359.0m | BRL 544.2m | BRL 460.7m | BRL 393.3m | BRL 387.8m | BRL 478.4m |
| Total liabilities | BRL 2.90bn | BRL 2.82bn | BRL 2.99bn | BRL 2.79bn | BRL 2.57bn | BRL 1.79bn | BRL 1.41bn | BRL 1.28bn | BRL 1.23bn | BRL 1.26bn |
| Debt | BRL 1.30bn | BRL 1.32bn | BRL 1.43bn | BRL 1.56bn | BRL 936.2m | BRL 804.1m | BRL 755.3m | BRL 610.2m | BRL 531.3m | BRL 678.2m |
| Shareholders' equity | BRL 1.58bn | BRL 1.64bn | BRL 1.59bn | BRL 1.40bn | BRL 1.17bn | BRL 1.02bn | BRL 527.0m | BRL 509.0m | BRL 506.4m | BRL 559.2m |
| Shares outstanding | 139m | 140m | 141m | 140m | 157m | 140m | 87m | 86m | 86m | 86m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 297.7m | BRL 529.1m | BRL 540.7m | −BRL 330.0m | −BRL 145.7m | −BRL 223.7m | −BRL 3.7m | −BRL 64.6m | BRL 112.6m | BRL 69.0m |
| Capital spending | −BRL 23.2m | −BRL 91.1m | −BRL 85.8m | −BRL 83.0m | −BRL 43.5m | −BRL 31.3m | −BRL 19.4m | −BRL 18.5m | −BRL 43.1m | −BRL 29.9m |
| Free cash flow | BRL 274.5m | BRL 438.0m | BRL 454.9m | −BRL 413.0m | −BRL 189.3m | −BRL 255.0m | −BRL 23.0m | −BRL 83.1m | BRL 69.5m | BRL 39.1m |
| Dividends paid | −BRL 39.7m | −BRL 62.0m | −BRL 77.4m | −BRL 50.3m | −BRL 52.6m | −BRL 5.5m | −BRL 5.5m | −BRL 5.5m | −BRL 2.2m | — |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 938.7m | BRL 741.4m | BRL 991.6m | BRL 741.6m | BRL 770.0m | BRL 715.4m | BRL 951.4m | BRL 752.2m |
| Operating income | BRL 59.5m | BRL 45.8m | BRL 60.0m | BRL 49.5m | BRL 56.1m | BRL 32.1m | BRL 85.1m | BRL 48.6m |
| Net income | BRL 2.6m | −BRL 12.3m | BRL 21.3m | BRL 943,000 | −BRL 57,000 | −BRL 13.5m | BRL 12.2m | BRL 560,000 |
| Diluted earnings per share | 0.02 | -0.09 | 0.15 | 0.01 | -0.00 | -0.10 | 0.09 | 0.00 |
| Cash from operations | −BRL 18.0m | BRL 91.0m | −BRL 33.0m | BRL 117.0m | BRL 265.0m | −BRL 51.0m | BRL 167.0m | −BRL 54.0m |
| Capital spending | −BRL 8.0m | −BRL 7.0m | −BRL 9.0m | −BRL 35.0m | −BRL 18.0m | −BRL 23.0m | −BRL 27.0m | −BRL 19.0m |
| Free cash flow | −BRL 26.0m | BRL 84.0m | −BRL 42.0m | BRL 82.0m | BRL 247.0m | −BRL 74.0m | BRL 140.0m | −BRL 73.0m |
| Total assets | BRL 4.31bn | BRL 4.38bn | BRL 4.47bn | BRL 4.45bn | BRL 4.16bn | BRL 4.22bn | BRL 4.47bn | BRL 4.26bn |
| Cash and short-term investments | BRL 489.8m | BRL 605.8m | BRL 618.4m | BRL 805.5m | BRL 675.9m | BRL 465.4m | BRL 566.9m | BRL 423.6m |
| Debt | BRL 1.19bn | BRL 1.24bn | BRL 1.30bn | BRL 1.37bn | BRL 1.32bn | BRL 1.27bn | BRL 1.32bn | BRL 1.23bn |
| Shareholders' equity | BRL 1.56bn | BRL 1.56bn | BRL 1.58bn | BRL 1.60bn | BRL 1.60bn | BRL 1.61bn | BRL 1.64bn | BRL 1.65bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -8.6% | 11.3% | 6.2% |
| Operating income | -30.3% | -8.7% | — |
| Net income | -69.5% | -46.2% | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 6.8% | 10.5% | 10.9% | 8.5% |
| Net margin | 1.3% | 4.2% | 5.0% | 3.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 69.9 | 9.0 | 4.0 | 4.3 | 8.6 | 3.7 | 53.6 | -418.1 | -5.6 | 27.3 |
| Price to sales | 0.2 | 0.2 | 0.3 | 0.3 | 0.5 | 0.4 | 0.5 | 0.1 | 0.2 | 0.1 |
Dividends and splits
Per share, in the currency the company pays
Paid for 6 years. Last went ex-dividend on 7 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2017 | FY2015 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.453 | 0.418 | 0.514 | 0.34 | 0.171 | 0.032 | 0.026 | 0.068 |
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.