54.20
+1.50%
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 50.12bn
FY2016FY2025
Net income
BRL 13.41bn
FY2016FY2025
Free cash flow
BRL 5.67bn
FY2016FY2025
Shareholders' equity
BRL 43.81bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 50.12bn | BRL 47.40bn | BRL 39.76bn | BRL 49.83bn | BRL 40.97bn | BRL 30.46bn | BRL 26.01bn | BRL 13.44bn | BRL 10.58bn | BRL 9.84bn |
| Operating income | BRL 16.55bn | BRL 15.69bn | BRL 15.33bn | BRL 25.85bn | BRL 12.58bn | BRL 8.44bn | BRL 2.63bn | BRL 5.01bn | BRL 3.28bn | BRL 2.40bn |
| Net income | BRL 13.41bn | −BRL 7.07bn | BRL 14.08bn | BRL 23.38bn | BRL 8.63bn | −BRL 10.72bn | −BRL 2.82bn | BRL 319.7m | BRL 1.82bn | BRL 1.69bn |
| Diluted earnings per share | 10.85 | -5.71 | 10.92 | 17.86 | 6.39 | -7.95 | -2.09 | 0.29 | 1.66 | 1.55 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 167.94bn | BRL 165.94bn | BRL 143.59bn | BRL 133.20bn | BRL 118.98bn | BRL 101.80bn | BRL 97.91bn | BRL 53.93bn | BRL 28.53bn | BRL 29.40bn |
| Cash and short-term investments | BRL 25.11bn | BRL 21.99bn | BRL 21.17bn | BRL 17.05bn | BRL 21.10bn | BRL 9.05bn | BRL 9.40bn | BRL 25.49bn | BRL 2.71bn | BRL 3.70bn |
| Total liabilities | BRL 123.98bn | BRL 133.52bn | BRL 98.78bn | BRL 100.03bn | BRL 103.80bn | BRL 94.46bn | BRL 79.82bn | BRL 41.91bn | BRL 16.90bn | BRL 19.26bn |
| Debt | BRL 101.73bn | BRL 108.41bn | BRL 83.42bn | BRL 80.76bn | BRL 85.52bn | BRL 78.09bn | BRL 67.67bn | BRL 35.74bn | BRL 12.19bn | BRL 14.01bn |
| Shareholders' equity | BRL 43.81bn | BRL 32.28bn | BRL 44.69bn | BRL 33.06bn | BRL 15.08bn | BRL 7.23bn | BRL 17.97bn | BRL 12.01bn | BRL 11.62bn | BRL 10.14bn |
| Shares outstanding | 1,236m | 1,239m | 1,290m | 1,309m | 1,349m | 1,349m | 1,349m | 1,094m | 1,098m | 1,090m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 18.16bn | BRL 20.60bn | BRL 17.32bn | BRL 21.64bn | BRL 17.64bn | BRL 13.12bn | BRL 7.58bn | BRL 5.17bn | BRL 3.07bn | BRL 3.08bn |
| Capital spending | −BRL 12.49bn | −BRL 16.37bn | −BRL 17.56bn | −BRL 14.84bn | −BRL 6.24bn | −BRL 4.90bn | −BRL 4.87bn | −BRL 2.42bn | −BRL 1.78bn | −BRL 2.32bn |
| Free cash flow | BRL 5.67bn | BRL 4.23bn | −BRL 241.6m | BRL 6.80bn | BRL 11.39bn | BRL 8.23bn | BRL 2.71bn | BRL 2.75bn | BRL 1.29bn | BRL 751.2m |
| Dividends paid | −BRL 2.21bn | −BRL 1.62bn | −BRL 192.5m | −BRL 4.15bn | −BRL 9.7m | −BRL 9.7m | −BRL 606.6m | −BRL 210.2m | −BRL 570.6m | −BRL 299.9m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 11.59bn | BRL 10.97bn | BRL 13.11bn | BRL 12.15bn | BRL 13.30bn | BRL 11.55bn | BRL 14.18bn | BRL 12.27bn |
| Operating income | BRL 1.77bn | BRL 3.02bn | BRL 2.68bn | BRL 2.52bn | BRL 4.27bn | BRL 2.43bn | BRL 4.42bn | BRL 5.26bn |
| Net income | BRL 1.80bn | BRL 4.31bn | BRL 109.2m | BRL 1.95bn | BRL 5.01bn | BRL 6.34bn | −BRL 6.74bn | BRL 3.22bn |
| Diluted earnings per share | 1.45 | 3.48 | 0.09 | 1.58 | 4.06 | 5.13 | -5.44 | 2.60 |
| Cash from operations | BRL 4.37bn | BRL 2.90bn | BRL 5.36bn | BRL 4.03bn | BRL 4.34bn | BRL 4.42bn | BRL 6.20bn | BRL 5.28bn |
| Capital spending | −BRL 2.44bn | −BRL 3.00bn | −BRL 2.79bn | −BRL 3.44bn | −BRL 3.20bn | −BRL 3.07bn | −BRL 3.84bn | −BRL 4.11bn |
| Free cash flow | BRL 1.94bn | −BRL 98.0m | BRL 2.57bn | BRL 589.0m | BRL 1.14bn | BRL 1.35bn | BRL 2.37bn | BRL 1.17bn |
| Total assets | BRL 171.05bn | BRL 165.83bn | BRL 167.94bn | BRL 164.42bn | BRL 159.42bn | BRL 155.24bn | BRL 165.94bn | BRL 153.21bn |
| Cash and short-term investments | BRL 26.27bn | BRL 22.35bn | BRL 25.11bn | BRL 23.57bn | BRL 20.37bn | BRL 16.43bn | BRL 21.99bn | BRL 17.13bn |
| Debt | BRL 2.95bn | BRL 91.64bn | BRL 100.21bn | BRL 98.75bn | BRL 98.42bn | BRL 97.89bn | BRL 108.41bn | BRL 94.38bn |
| Shareholders' equity | BRL 49.70bn | BRL 48.04bn | BRL 43.81bn | BRL 45.12bn | BRL 43.14bn | BRL 38.40bn | BRL 32.28bn | BRL 41.47bn |
Financial ratios
Data as of 14 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2005 | |
|---|---|---|---|---|---|---|---|
| Operating margin | 33.0% | 33.1% | 38.6% | 51.9% | 30.7% | 27.7% | — |
| Net margin | 26.8% | -14.9% | 35.4% | 46.9% | 21.1% | -35.2% | — |
| Return on equity | 30.6% | -21.9% | 31.5% | 70.7% | 57.2% | -148.3% | — |
| Return on assets | 8.0% | -4.3% | 9.8% | 17.6% | 7.3% | -10.5% | — |
| Free cash flow yield | 51.9% | 62.4% | 56.6% | 58.3% | 37.0% | 27.9% | — |
| Revenue growth | 5.7% | 19.2% | -20.2% | 21.6% | 34.5% | 17.1% | — |
| Earnings growth | -289.5% | -150.2% | -39.8% | 171.0% | -180.4% | 280.6% | — |
| Current ratio | 3.19x | 1.72x | 2.61x | 2.56x | 2.95x | 2.20x | — |
| Debt to equity | 2.15x | 3.17x | 1.74x | 2.28x | 5.32x | 10.17x | — |
| Equity ratio | 26.1% | 19.5% | 31.1% | 24.8% | 12.7% | 7.1% | — |
| Interest coverage | 2.48x | 2.83x | 3.29x | 5.65x | 3.18x | 1.91x | — |
| R&D as a share of sales | — | — | — | — | — | — | 0.3% |
| Buybacks as a share of market value | 0.3% | 3.9% | 1.5% | 3.0% | -0.0% | 0.0% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 0.2% | 10.5% | 17.2% |
| Operating income | -13.8% | 14.4% | 18.3% |
| Net income | -16.9% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 33.1% | 39.2% | 36.5% | 33.7% |
| Net margin | 6.5% | 23.4% | 16.1% | 12.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 4.6 | -10.8 | 5.1 | 2.7 | 9.4 | -7.4 | -19.0 | 130.3 | 11.3 | 12.9 |
| Price to sales | 1.2 | 1.6 | 1.8 | 1.3 | 2.0 | 2.6 | 2.1 | 3.1 | 1.9 | 2.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 19 Dec 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|
| Paid in the year | 1.117 | 2.017 | 1.163 | 3.129 | 0.445 | 0.192 | 0.183 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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