Alupar Investimento Income Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	2,077	1,746	1,496	1,360	2,049	4,077
Other Revenue	2,280	2,256	1,815	2,474	3,185	2,064
Revenue	4,358	4,002	3,311	3,834	5,234	6,141
Revenue Growth (YoY)	15.98%	20.86%	-13.63%	-26.76%	-14.76%	33.72%
Selling, General & Admin	209.41	178.57	184.67	149.06	132.25	119.14
Other Operating Expenses	1,374	1,080	810.19	824.66	1,327	2,694
Total Operating Expenses	1,584	1,258	994.85	973.72	1,459	2,813
Operating Income	2,774	2,744	2,317	2,860	3,775	3,328
Interest Expense	-1,335	-1,222	-1,166	-1,181	-884.72	-392.43
Interest Income	369.41	297.14	262.32	225.53	70.96	42.16
Net Interest Expense	-965.93	-925.26	-903.9	-955.31	-813.77	-350.27
Income (Loss) on Equity Investments	344.58	149	41.17	5.97	5.26	-9.22
Currency Exchange Gain (Loss)	38.41	-15.82	32.66	-7.54	-96.23	-59.02
Other Non-Operating Income (Expenses)	-37.49	-10.04	-6.2	-3.28	-5.55	-52.46
EBT Excluding Unusual Items	2,153	1,942	1,480	1,900	2,864	2,857
Pretax Income	2,153	1,942	1,480	1,900	2,864	2,857
Income Tax Expense	433.43	81.61	329.28	235.96	741.65	801.31
Earnings From Continuing Ops.	1,720	1,860	1,151	1,664	2,123	2,056
Minority Interest in Earnings	-556.65	-773.82	-456.92	-745.41	-1,007	-1,113
Net Income	1,163	1,086	694.06	918.47	1,115	942.09
Net Income to Common	1,163	1,086	694.06	918.47	1,115	942.09
Net Income Growth	16.69%	56.48%	-24.43%	-17.66%	18.40%	5.82%
Shares Outstanding (Basic)	326	326	326	330	330	330
Shares Outstanding (Diluted)	326	326	326	330	330	330
Shares Change (YoY)	0.10%	-	-1.21%	-	-	-
EPS (Basic)	3.57	3.34	2.13	2.79	3.38	2.86
EPS (Diluted)	3.57	3.34	2.13	2.79	3.38	2.86
EPS Growth	16.58%	56.48%	-23.51%	-17.66%	18.40%	5.82%
Free Cash Flow	2,071	2,180	2,016	1,475	840.4	-761.57
Free Cash Flow Per Share	6.36	6.69	6.19	4.47	2.55	-2.31
Dividend Per Share	0.951	0.836	1.054	1.280	1.093	0.747
Dividend Growth	-28.35%	-20.64%	-17.67%	17.06%	46.44%	21.71%
Profit Margin	26.70%	27.14%	20.96%	23.96%	21.31%	15.34%
Free Cash Flow Margin	47.53%	54.46%	60.89%	38.48%	16.06%	-12.40%
EBITDA	2,941	2,914	2,464	3,003	3,907	3,458
EBITDA Margin	67.50%	72.82%	74.41%	78.33%	74.64%	56.31%
D&A For EBITDA	167.38	170.64	147.4	142.84	131.89	130.3
EBIT	2,774	2,744	2,317	2,860	3,775	3,328
EBIT Margin	63.66%	68.55%	69.96%	74.60%	72.12%	54.19%
Effective Tax Rate	20.13%	4.20%	22.24%	12.42%	25.89%	28.05%
Revenue as Reported	4,358	4,002	3,311	3,834	5,234	6,141

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Utility template. Financial Sources.