P 
59.39
-1.80%
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 15.58bn
FY2016FY2025
Net income
BRL 2.25bn
FY2016FY2025
Free cash flow
−BRL 9.89bn
FY2016FY2025
Shareholders' equity
BRL 25.78bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 15.58bn | BRL 14.36bn | BRL 11.91bn | BRL 6.36bn | BRL 4.40bn | BRL 1.90bn | BRL 1.64bn | BRL 848.9m | BRL 533.9m | BRL 397.9m |
| Research and development | — | BRL 46.9m | BRL 24.4m | BRL 14.9m | BRL 10.3m | BRL 471,000 | BRL 595,000 | BRL 2.6m | BRL 716,000 | BRL 797,000 |
| Operating income | BRL 2.16bn | BRL 6.79bn | BRL 6.93bn | BRL 3.92bn | BRL 2.15bn | BRL 942.7m | BRL 878.3m | BRL 183.8m | BRL 30.8m | BRL 259.1m |
| Net income | BRL 2.25bn | BRL 10.30bn | BRL 5.18bn | BRL 3.43bn | BRL 1.33bn | BRL 452.8m | BRL 842.3m | BRL 204.9m | BRL 50.9m | BRL 241.6m |
| Diluted earnings per share | 2.78 | 12.31 | 6.19 | 4.02 | 1.57 | 0.66 | 1.25 | 0.34 | 0.08 | 0.37 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 64.18bn | BRL 55.75bn | BRL 28.31bn | BRL 20.30bn | BRL 12.22bn | BRL 6.79bn | BRL 5.48bn | BRL 1.54bn | BRL 1.27bn | BRL 1.08bn |
| Cash and short-term investments | BRL 3.40bn | BRL 3.99bn | BRL 2.34bn | BRL 9.61bn | BRL 4.65bn | BRL 847.0m | BRL 695.1m | BRL 739.6m | BRL 604.3m | BRL 571.3m |
| Total liabilities | BRL 38.40bn | BRL 29.82bn | BRL 14.43bn | BRL 10.41bn | BRL 5.60bn | BRL 3.64bn | BRL 3.60bn | BRL 530.5m | BRL 387.1m | BRL 248.2m |
| Debt | BRL 28.44bn | BRL 22.43bn | BRL 9.55bn | BRL 9.22bn | BRL 3.90bn | BRL 2.54bn | BRL 2.26bn | BRL 317.8m | BRL 150.7m | BRL 32.1m |
| Shareholders' equity | BRL 25.78bn | BRL 25.92bn | BRL 13.88bn | BRL 9.89bn | BRL 6.62bn | BRL 3.15bn | BRL 1.88bn | BRL 1.01bn | BRL 883.1m | BRL 834.2m |
| Shares outstanding | 810m | 837m | 837m | 853m | 851m | 681m | 676m | 608m | 626m | 658m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 7.31bn | BRL 9.67bn | BRL 7.21bn | BRL 4.93bn | BRL 2.18bn | BRL 1.62bn | BRL 439.0m | BRL 270.1m | BRL 49.1m | BRL 114.0m |
| Capital spending | −BRL 17.20bn | −BRL 14.81bn | −BRL 13.32bn | −BRL 3.73bn | −BRL 1.31bn | −BRL 857.6m | −BRL 1.77bn | −BRL 199.2m | −BRL 130.4m | −BRL 73.5m |
| Free cash flow | −BRL 9.89bn | −BRL 5.14bn | −BRL 6.11bn | BRL 1.20bn | BRL 871.1m | BRL 760.0m | −BRL 1.33bn | BRL 70.9m | −BRL 81.3m | BRL 40.5m |
| Dividends paid | — | — | −BRL 60.6m | −BRL 4.37bn | −BRL 666,000 | — | — | — | — | — |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 13.9% | 47.3% | 58.2% | 61.5% | 48.9% | 49.5% | — |
| Net margin | 14.4% | 71.7% | 43.5% | 53.9% | 30.3% | 23.8% | — |
| Return on equity | 8.7% | 39.7% | 37.3% | 34.6% | 20.1% | 14.4% | — |
| Return on assets | 3.5% | 18.5% | 18.3% | 16.9% | 10.9% | 6.7% | — |
| Free cash flow yield | 46.1% | 44.6% | 37.4% | 15.5% | 6.3% | 5.5% | — |
| Revenue growth | 8.5% | 20.6% | 87.1% | 44.8% | 130.9% | 15.8% | — |
| Earnings growth | -78.1% | 98.9% | 51.1% | 157.1% | 194.4% | -46.2% | — |
| Current ratio | 1.82x | 2.16x | 1.53x | 7.64x | 5.62x | 0.86x | — |
| Debt to equity | 1.06x | 0.72x | 0.55x | 0.79x | 0.52x | 0.69x | — |
| Equity ratio | 40.2% | 46.5% | 49.0% | 48.7% | 54.2% | 46.4% | — |
| Interest coverage | 1.55x | 5.45x | 10.32x | 8.41x | 7.11x | 3.06x | — |
| R&D as a share of sales | — | 0.3% | 0.2% | 0.2% | 0.2% | 0.0% | 0.0% |
| Buybacks as a share of market value | 3.2% | -0.0% | 1.9% | -0.3% | -24.9% | -0.8% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 34.8% | 52.3% | 51.0% |
| Operating income | -18.0% | 18.1% | 38.3% |
| Net income | -13.1% | 37.8% | 35.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 29.9% | 41.1% | 42.0% | 41.8% |
| Net margin | 41.9% | 43.9% | 42.1% | 41.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.9 | 3.3 | 7.4 | 9.3 | 13.2 | 21.1 | 3.4 | 3.7 | 12.8 | 0.8 |
| Price to sales | 2.1 | 2.3 | 3.2 | 5.0 | 4.0 | 5.0 | 1.7 | 0.9 | 1.2 | 0.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 14 Dec 2023.
| FY2023 | |
|---|---|
| Paid in the year | 0.073 |
- 5-for-1 split · 6 May 2021
- 10-for-1 split · 6 Mar 2019
- 5-to-1 reverse split · 13 Jun 2016
- 10-to-1 reverse split · 4 Aug 2014
- 50-for-1 split · 29 May 2012
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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