S 
11.32
+7.81%
Close of 6 Nov 2026, in BRL
At a glance
Figures in BRL, from our data supplier.
Revenue
BRL 319.5m
FY2016FY2025
Net income
−BRL 64.4m
FY2016FY2025
Free cash flow
−BRL 171.2m
FY2016FY2025
Shareholders' equity
BRL 1.07bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 319.5m | BRL 508.9m | BRL 1.40bn | BRL 385.1m | BRL 288.1m | BRL 339.4m | BRL 372.4m | BRL 369.2m | BRL 552.4m | BRL 450.2m |
| Research and development | — | — | BRL 0 | BRL 0 | BRL 0 | BRL 0 | BRL 0 | BRL 0 | BRL 0 | BRL 0 |
| Operating income | BRL 84.8m | BRL 114.0m | BRL 564.8m | BRL 149.9m | BRL 68.2m | BRL 220.6m | BRL 211.3m | BRL 151.9m | BRL 298.9m | BRL 298.6m |
| Net income | −BRL 64.4m | −BRL 32.7m | BRL 305.2m | −BRL 82.9m | BRL 30.4m | BRL 87.3m | BRL 86.4m | BRL 15.7m | BRL 119.2m | BRL 76.2m |
| Diluted earnings per share | -1.13 | -0.57 | 5.20 | -1.46 | 0.52 | 1.50 | 1.49 | 0.27 | 2.07 | 1.33 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 3.03bn | BRL 2.87bn | BRL 3.56bn | BRL 3.52bn | BRL 3.44bn | BRL 3.08bn | BRL 2.96bn | BRL 2.72bn | BRL 2.99bn | BRL 3.06bn |
| Cash and short-term investments | BRL 600.7m | BRL 276.2m | BRL 377.0m | BRL 197.2m | BRL 111.5m | BRL 440.9m | BRL 288.9m | BRL 271.7m | BRL 350.4m | BRL 260.2m |
| Total liabilities | BRL 1.96bn | BRL 1.32bn | BRL 1.83bn | BRL 2.03bn | BRL 1.88bn | BRL 1.52bn | BRL 1.48bn | BRL 1.32bn | BRL 1.58bn | BRL 1.73bn |
| Debt | BRL 1.69bn | BRL 1.16bn | BRL 1.56bn | BRL 1.95bn | BRL 1.80bn | BRL 1.44bn | BRL 1.42bn | BRL 1.24bn | BRL 1.50bn | BRL 1.66bn |
| Shareholders' equity | BRL 1.07bn | BRL 1.54bn | BRL 1.71bn | BRL 1.48bn | BRL 1.55bn | BRL 1.55bn | BRL 1.47bn | BRL 1.40bn | BRL 1.40bn | BRL 1.32bn |
| Shares outstanding | 57m | 57m | 59m | 57m | 59m | 58m | 58m | 58m | 58m | 57m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −BRL 61.4m | −BRL 108.8m | −BRL 7.8m | −BRL 44.4m | BRL 119.4m | BRL 69.8m | BRL 17.8m | BRL 38.5m | BRL 17.5m | BRL 29.4m |
| Capital spending | −BRL 109.8m | −BRL 40.0m | −BRL 656,000 | −BRL 118.7m | −BRL 773.8m | −BRL 38.6m | −BRL 283.1m | −BRL 46.6m | −BRL 58.0m | −BRL 68.2m |
| Free cash flow | −BRL 171.2m | −BRL 148.8m | −BRL 8.5m | −BRL 163.1m | −BRL 654.4m | BRL 31.2m | −BRL 265.3m | −BRL 8.2m | −BRL 40.6m | −BRL 38.8m |
| Dividends paid | −BRL 502.7m | −BRL 99.4m | — | −BRL 8.2m | −BRL 20.7m | −BRL 3.6m | −BRL 770.0m | −BRL 17.2m | −BRL 18.1m | −BRL 11.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 67.4m | BRL 48.2m | BRL 90.0m | BRL 60.6m | BRL 102.6m | BRL 61.3m | BRL 172.3m | BRL 66.9m |
| Operating income | BRL 10.5m | BRL 22.5m | BRL 24.3m | BRL 7.6m | BRL 29.8m | BRL 24.3m | BRL 34.1m | BRL 19.6m |
| Net income | −BRL 66.3m | −BRL 26.3m | −BRL 29.5m | −BRL 23.3m | −BRL 4.9m | −BRL 6.7m | −BRL 26.3m | −BRL 11.5m |
| Diluted earnings per share | -1.15 | -0.46 | -0.52 | -0.41 | -0.08 | -0.12 | -0.46 | -0.20 |
| Cash from operations | −BRL 74.0m | −BRL 38.0m | −BRL 33.0m | −BRL 4.0m | −BRL 7.0m | −BRL 16.0m | −BRL 8.0m | −BRL 4.0m |
| Capital spending | −BRL 8.0m | −BRL 38.0m | −BRL 56.0m | −BRL 11.0m | −BRL 28.0m | −BRL 13.0m | −BRL 10.0m | −BRL 11.0m |
| Free cash flow | −BRL 82.0m | −BRL 76.0m | −BRL 89.0m | −BRL 15.0m | −BRL 35.0m | −BRL 29.0m | −BRL 18.0m | −BRL 15.0m |
| Total assets | BRL 3.25bn | BRL 2.82bn | BRL 3.03bn | BRL 2.87bn | BRL 2.89bn | BRL 2.75bn | BRL 2.87bn | BRL 3.01bn |
| Cash and short-term investments | BRL 746.5m | BRL 404.0m | BRL 600.7m | BRL 313.6m | BRL 325.6m | BRL 169.9m | BRL 276.2m | BRL 130.5m |
| Debt | BRL 74.2m | BRL 1.08bn | BRL 1.69bn | BRL 1.24bn | BRL 1.25bn | BRL 1.16bn | BRL 1.16bn | BRL 1.27bn |
| Shareholders' equity | BRL 972.6m | BRL 1.04bn | BRL 1.07bn | BRL 1.50bn | BRL 1.53bn | BRL 1.53bn | BRL 1.54bn | BRL 1.67bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.0% | -1.2% | -3.9% |
| Operating income | -17.3% | -17.4% | -13.0% |
| Net income | -8.1% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 24.0% | 35.0% | 37.1% | 45.8% |
| Net margin | -11.7% | 4.8% | 7.5% | 12.9% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -12.4 | -20.9 | 3.0 | -7.1 | 45.0 | 16.7 | 17.9 | 67.8 | 11.8 | 10.8 |
| Price to sales | 2.5 | 1.4 | 0.7 | 1.5 | 4.8 | 4.3 | 4.1 | 2.9 | 2.5 | 1.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 2 years. Last went ex-dividend on 3 Dec 2025.
| FY2025 | FY2024 | FY2022 | FY2021 | FY2020 | FY2019 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.071 | 3.487 | 0.144 | 0.366 | 0.063 | 0.367 | 0.656 | 0.201 |
- 1-to-1 reverse split · 23 Aug 2006
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.