30.83
+1.78%
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 41.78bn
FY2016FY2025
Net income
BRL 1.88bn
FY2016FY2025
Free cash flow
BRL 2.90bn
FY2016FY2025
Shareholders' equity
BRL 25.54bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 41.78bn | BRL 37.27bn | BRL 28.90bn | BRL 17.78bn | BRL 10.90bn | BRL 10.31bn | BRL 10.20bn | BRL 7.63bn | BRL 6.06bn | BRL 4.44bn |
| Gross profit | BRL 10.98bn | BRL 8.75bn | BRL 8.27bn | BRL 6.65bn | BRL 4.70bn | BRL 2.90bn | BRL 2.51bn | BRL 2.07bn | BRL 1.65bn | BRL 1.29bn |
| Operating income | BRL 7.81bn | BRL 6.00bn | BRL 5.90bn | BRL 4.49bn | BRL 3.21bn | BRL 1.79bn | BRL 1.48bn | BRL 1.42bn | BRL 969.1m | BRL 761.5m |
| Net income | BRL 1.88bn | BRL 1.81bn | BRL 1.81bn | BRL 1.84bn | BRL 2.04bn | BRL 1.05bn | BRL 833.9m | BRL 659.2m | BRL 505.7m | BRL 409.3m |
| Diluted earnings per share | 1.76 | 1.72 | 1.70 | 1.88 | 2.71 | 1.39 | 1.11 | 0.94 | 0.72 | 0.59 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 85.57bn | BRL 87.24bn | BRL 80.95bn | BRL 65.65bn | BRL 25.31bn | BRL 20.44bn | BRL 19.39bn | BRL 13.99bn | BRL 11.19bn | BRL 7.42bn |
| Cash and short-term investments | BRL 10.59bn | BRL 11.43bn | BRL 10.32bn | BRL 5.56bn | BRL 5.01bn | BRL 3.97bn | BRL 2.83bn | BRL 2.44bn | BRL 2.61bn | BRL 1.69bn |
| Total liabilities | BRL 60.03bn | BRL 60.90bn | BRL 55.55bn | BRL 45.08bn | BRL 17.69bn | BRL 14.39bn | BRL 13.95bn | BRL 10.90bn | BRL 8.59bn | BRL 5.22bn |
| Debt | BRL 44.90bn | BRL 46.10bn | BRL 41.84bn | BRL 34.18bn | BRL 13.23bn | BRL 11.16bn | BRL 10.02bn | BRL 7.65bn | BRL 6.48bn | BRL 3.79bn |
| Shareholders' equity | BRL 25.54bn | BRL 26.33bn | BRL 25.39bn | BRL 20.56bn | BRL 7.62bn | BRL 6.05bn | BRL 5.45bn | BRL 3.09bn | BRL 2.60bn | BRL 2.20bn |
| Shares outstanding | 1,068m | 1,058m | 1,062m | 982m | 755m | 753m | 750m | 703m | 706m | 689m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 3.20bn | BRL 650.4m | −BRL 9.91bn | −BRL 9.10bn | −BRL 3.37bn | BRL 483.3m | −BRL 2.90bn | −BRL 67.4m | −BRL 2.44bn | −BRL 226.8m |
| Capital spending | −BRL 306.6m | −BRL 121.8m | −BRL 105.9m | −BRL 191.5m | −BRL 4.3m | −BRL 98.8m | −BRL 70.0m | −BRL 42.8m | −BRL 175.0m | −BRL 126.6m |
| Free cash flow | BRL 2.90bn | BRL 528.6m | −BRL 10.02bn | −BRL 9.29bn | −BRL 3.38bn | BRL 384.6m | −BRL 2.97bn | −BRL 110.3m | −BRL 2.62bn | −BRL 353.4m |
| Dividends paid | −BRL 1.76bn | −BRL 1.29bn | −BRL 1.34bn | −BRL 1.36bn | −BRL 18.1m | −BRL 269.1m | −BRL 7.2m | −BRL 172.3m | −BRL 166.9m | −BRL 1.0m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 12.33bn | BRL 12.28bn | BRL 11.01bn | BRL 10.73bn | BRL 9.90bn | BRL 10.14bn | BRL 9.85bn | BRL 9.68bn |
| Gross profit | BRL 3.30bn | BRL 3.30bn | BRL 3.25bn | BRL 2.14bn | BRL 2.84bn | BRL 2.87bn | BRL 2.82bn | BRL 2.76bn |
| Operating income | BRL 2.33bn | BRL 2.45bn | BRL 2.39bn | BRL 1.39bn | BRL 2.00bn | BRL 2.03bn | BRL 2.29bn | BRL 2.02bn |
| Net income | BRL 1.00bn | BRL 1.22bn | BRL 940.0m | BRL 259.4m | −BRL 167.1m | BRL 843.2m | BRL 838.1m | BRL 811.2m |
| Diluted earnings per share | 0.91 | 1.11 | 0.88 | 0.24 | -0.16 | 0.79 | 0.79 | 0.77 |
| Cash from operations | −BRL 1.34bn | BRL 1.23bn | BRL 639.0m | −BRL 189.0m | BRL 1.63bn | BRL 1.01bn | BRL 1.36bn | BRL 2.01bn |
| Capital spending | −BRL 189.0m | −BRL 54.0m | −BRL 111.0m | −BRL 31.0m | −BRL 32.0m | −BRL 29.0m | −BRL 37.0m | −BRL 23.0m |
| Free cash flow | −BRL 1.53bn | BRL 1.18bn | BRL 528.0m | −BRL 220.0m | BRL 1.60bn | BRL 984.0m | BRL 1.32bn | BRL 1.98bn |
| Total assets | BRL 90.82bn | BRL 85.47bn | BRL 85.57bn | BRL 83.08bn | BRL 81.32bn | BRL 80.96bn | BRL 87.24bn | BRL 82.59bn |
| Cash and short-term investments | BRL 10.15bn | BRL 9.66bn | BRL 10.59bn | BRL 11.07bn | BRL 8.25bn | BRL 8.17bn | BRL 11.43bn | BRL 11.53bn |
| Debt | BRL 4.97bn | BRL 42.20bn | BRL 45.15bn | BRL 45.25bn | BRL 42.88bn | BRL 44.15bn | BRL 46.10bn | BRL 44.43bn |
| Shareholders' equity | BRL 27.10bn | BRL 26.31bn | BRL 25.54bn | BRL 25.14bn | BRL 25.49bn | BRL 26.43bn | BRL 26.33bn | BRL 25.64bn |
Financial ratios
Data as of 17 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 26.3% | 23.5% | 28.6% | 37.4% | 43.1% | 28.1% |
| Operating margin | 18.7% | 16.1% | 20.4% | 25.3% | 29.5% | 17.4% |
| Net margin | 4.5% | 4.9% | 6.2% | 10.4% | 18.7% | 10.2% |
| Return on equity | 7.3% | 6.9% | 7.1% | 9.0% | 26.8% | 17.3% |
| Return on assets | 2.2% | 2.1% | 2.2% | 2.8% | 8.1% | 5.1% |
| Free cash flow yield | 9.2% | 2.0% | -25.9% | -25.4% | -12.5% | 2.2% |
| Revenue growth | 12.1% | 29.0% | 62.5% | 63.1% | 5.8% | 1.1% |
| Earnings growth | 3.4% | 0.4% | -2.1% | -9.8% | 95.0% | 25.7% |
| Current ratio | 1.20x | 1.17x | 0.96x | 1.03x | 1.39x | 1.30x |
| Debt to equity | 1.72x | 1.71x | 1.62x | 1.63x | 1.65x | 1.76x |
| Equity ratio | 29.8% | 30.2% | 31.4% | 31.3% | 30.1% | 29.6% |
| Interest coverage | 1.26x | 1.12x | 1.15x | 1.47x | 4.60x | 3.57x |
| Buybacks as a share of market value | -1.0% | 0.4% | -8.2% | -30.0% | -0.3% | -0.3% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 32.9% | 32.3% | 26.7% |
| Operating income | 20.3% | 34.2% | 26.7% |
| Net income | 0.6% | 12.3% | 16.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 25.0% | 27.6% | 28.8% | 28.5% |
| Operating margin | 17.5% | 19.3% | 19.9% | 19.3% |
| Net margin | 4.7% | 5.8% | 7.1% | 7.4% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.9 | 11.4 | 22.6 | 17.1 | 11.8 | 29.8 | 25.6 | 18.2 | 17.6 | 10.5 |
| Price to sales | 0.7 | 0.6 | 1.4 | 1.8 | 2.2 | 3.0 | 2.1 | 1.6 | 1.5 | 1.0 |
Dividends and splits
Per share, in the currency the company pays
Paid for 21 years. Last went ex-dividend on 28 Sept 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.614 | 1.993 | 1.584 | 1.505 | 1.312 | 0.443 | 0.347 | 0.395 |
- 21-for-20 split · 23 Dec 2019
- 3-for-1 split · 23 Nov 2017
- 21-for-20 split · 3 May 2017
- 21-for-20 split · 2 May 2013
- 3-for-1 split · 25 Apr 2007
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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