T 
10.77
+3.86%
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 16.42bn
FY2015FY2025
Net income
BRL 815.7m
FY2015FY2025
Free cash flow
−BRL 1.36bn
FY2015FY2025
Shareholders' equity
BRL 4.69bn
FY2015FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 16.42bn | BRL 12.83bn | BRL 9.00bn | BRL 6.89bn | BRL 5.34bn | BRL 3.11bn | BRL 2.23bn | BRL 1.89bn | BRL 1.14bn | BRL 1.11bn |
| Gross profit | BRL 2.48bn | BRL 2.53bn | BRL 1.25bn | BRL 1.04bn | BRL 701.1m | BRL 500.2m | BRL 315.0m | BRL 297.9m | BRL 174.0m | BRL 170.0m |
| Operating income | BRL 530.5m | BRL 1.26bn | BRL 443.9m | BRL 514.7m | BRL 349.8m | BRL 302.3m | BRL 147.2m | BRL 147.7m | BRL 83.9m | BRL 93.1m |
| Net income | BRL 815.7m | BRL 758.6m | BRL 575.3m | BRL 571.4m | BRL 430.3m | BRL 246.3m | BRL 120.8m | BRL 125.2m | BRL 24.9m | BRL 12.2m |
| Diluted earnings per share | 1.63 | 1.51 | 1.15 | 1.14 | 0.86 | 0.63 | 0.31 | 0.32 | 0.47 | 0.24 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 13.10bn | BRL 8.89bn | BRL 6.88bn | BRL 6.08bn | BRL 4.40bn | BRL 2.32bn | BRL 1.52bn | BRL 1.08bn | BRL 833.1m | BRL 788.5m |
| Cash and short-term investments | BRL 2.76bn | BRL 1.77bn | BRL 1.23bn | BRL 879.2m | BRL 1.09bn | BRL 252.7m | BRL 164.0m | BRL 131.3m | BRL 87.1m | BRL 100.1m |
| Total liabilities | BRL 8.40bn | BRL 4.84bn | BRL 3.53bn | BRL 3.26bn | BRL 2.16bn | BRL 1.61bn | BRL 1.12bn | BRL 781.5m | BRL 715.5m | BRL 724.7m |
| Debt | BRL 4.71bn | BRL 2.09bn | BRL 1.29bn | BRL 1.12bn | BRL 813.6m | BRL 642.5m | BRL 427.6m | BRL 311.4m | BRL 224.6m | BRL 265.3m |
| Shareholders' equity | BRL 4.69bn | BRL 4.04bn | BRL 3.35bn | BRL 2.82bn | BRL 2.24bn | BRL 712.1m | BRL 399.8m | BRL 299.5m | BRL 117.6m | BRL 63.8m |
| Shares outstanding | 500m | 501m | 502m | 502m | 502m | 393m | 390m | 391m | 53m | 51m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | BRL 313.9m | BRL 726.2m | BRL 863.5m | BRL 257.7m | BRL 105.5m | BRL 80.0m | BRL 19.8m | BRL 97.5m | BRL 99.3m | BRL 77.2m |
| Capital spending | −BRL 1.67bn | −BRL 36.7m | −BRL 474.9m | −BRL 716.1m | −BRL 384.5m | −BRL 77.6m | −BRL 59.2m | −BRL 12.6m | −BRL 8.0m | −BRL 29.4m |
| Free cash flow | −BRL 1.36bn | BRL 689.5m | BRL 388.6m | −BRL 458.4m | −BRL 279.0m | BRL 2.4m | −BRL 39.4m | BRL 84.9m | BRL 91.3m | BRL 47.7m |
| Dividends paid | −BRL 95.1m | −BRL 58.4m | −BRL 57.2m | −BRL 7.6m | −BRL 25.7m | −BRL 28.3m | −BRL 20.5m | −BRL 9.6m | −BRL 9.6m | −BRL 2.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 4.70bn | BRL 4.21bn | BRL 4.37bn | BRL 4.99bn | BRL 3.56bn | BRL 3.50bn | BRL 3.85bn | BRL 3.50bn |
| Gross profit | BRL 795.4m | BRL 651.1m | BRL 704.3m | BRL 545.1m | BRL 723.7m | BRL 511.3m | BRL 684.0m | BRL 630.6m |
| Operating income | BRL 158.4m | BRL 142.8m | BRL 95.1m | BRL 3.0m | BRL 363.7m | BRL 163.8m | BRL 365.1m | BRL 335.3m |
| Net income | BRL 205.9m | BRL 89.1m | BRL 88.3m | BRL 203.5m | BRL 331.6m | BRL 192.3m | BRL 136.2m | BRL 318.7m |
| Diluted earnings per share | 0.41 | 0.18 | 0.18 | 0.41 | 0.66 | 0.38 | 0.27 | 0.64 |
| Cash from operations | −BRL 1.15bn | BRL 191.0m | BRL 478.0m | BRL 848.0m | −BRL 979.0m | BRL 125.0m | BRL 500.0m | BRL 100.0m |
| Capital spending | −BRL 233.0m | −BRL 3.0m | −BRL 428.0m | −BRL 1.25bn | −BRL 4.0m | −BRL 7.0m | −BRL 385.0m | −BRL 72.0m |
| Free cash flow | −BRL 1.39bn | BRL 188.0m | BRL 50.0m | −BRL 407.0m | −BRL 983.0m | BRL 118.0m | BRL 115.0m | BRL 28.0m |
| Total assets | BRL 14.48bn | BRL 14.65bn | BRL 13.10bn | BRL 12.38bn | BRL 11.58bn | BRL 9.83bn | BRL 8.89bn | BRL 8.54bn |
| Cash and short-term investments | BRL 1.42bn | BRL 2.59bn | BRL 2.76bn | BRL 2.17bn | BRL 1.85bn | BRL 1.65bn | BRL 1.77bn | BRL 1.65bn |
| Debt | BRL 2.17bn | BRL 4.74bn | BRL 4.71bn | BRL 4.13bn | BRL 4.09bn | BRL 2.23bn | BRL 2.09bn | BRL 1.94bn |
| Shareholders' equity | BRL 5.00bn | BRL 4.77bn | BRL 4.69bn | BRL 4.69bn | BRL 4.48bn | BRL 4.15bn | BRL 4.04bn | BRL 3.92bn |
Financial ratios
Data as of 9 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 15.1% | 19.7% | 13.8% | 15.2% | 13.1% | 16.1% |
| Operating margin | 3.2% | 9.6% | 6.7% | 9.8% | 8.4% | 10.3% |
| Net margin | 5.0% | 5.9% | 6.4% | 8.3% | 8.1% | 7.9% |
| Return on equity | 17.4% | 18.8% | 17.2% | 20.3% | 19.2% | 34.6% |
| Return on assets | 6.2% | 8.5% | 8.4% | 9.4% | 9.8% | 10.6% |
| Free cash flow yield | 30.6% | 11.7% | 20.5% | 14.9% | 7.5% | 3.1% |
| Revenue growth | 28.1% | 42.5% | 30.7% | 29.0% | 71.5% | 39.9% |
| Earnings growth | 7.5% | 31.9% | 0.7% | 32.8% | 74.7% | 103.8% |
| Current ratio | 1.36x | 1.58x | 1.59x | 1.55x | 1.83x | 1.30x |
| Debt to equity | 1.00x | 0.51x | 0.38x | 0.39x | 0.36x | 0.90x |
| Equity ratio | 35.8% | 45.4% | 48.6% | 46.3% | 50.9% | 30.7% |
| Interest coverage | 2.57x | 6.48x | 4.21x | 5.03x | 12.54x | 9.05x |
| Buybacks as a share of market value | 0.2% | 0.2% | 0.0% | 0.0% | -27.7% | — |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 33.6% | 39.5% | 33.7% |
| Operating income | 1.0% | 11.9% | 26.4% |
| Net income | 12.6% | 27.1% | 52.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 17.1% | 16.2% | 15.9% | 15.7% |
| Operating margin | 6.1% | 6.1% | 6.3% | 6.4% |
| Net margin | 5.4% | 6.0% | 6.3% | 6.1% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Price to earnings | 9.9 | 9.1 | 10.5 | 8.2 | 11.4 |
| Price to sales | 0.5 | 0.5 | 0.7 | 0.7 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 4 years. Last went ex-dividend on 2 Jan 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|
| Paid in the year | 0.373 | 0.118 | 0.115 | 0.015 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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