Azzas 2154 Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Feb '26 Feb 25, 2026	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
Market Capitalization	5,349	6,107	7,154	8,588	7,606	6,793
Market Cap Growth	-24.75%	-14.64%	-16.70%	12.91%	11.98%	16.70%
Enterprise Value	8,622	8,646	8,284	8,867	8,184	6,971
Last Close Price	26.52	26.88	57.06	67.20	64.34	56.48
PE Ratio	6.85	17.87	17.91	20.22	22.03	139.81
Forward PE	6.82	7.81	15.11	17.43	27.42	39.75
PS Ratio	0.45	0.73	1.48	2.03	2.60	4.27
PB Ratio	0.64	0.79	2.44	3.24	4.78	5.04
P/TBV Ratio	1.12	1.54	5.31	6.18	13.21	13.10
P/FCF Ratio	783.34	-	40.33	-	104.11	39.01
P/OCF Ratio	10.92	16.78	17.34	62.12	31.44	30.83
PEG Ratio	0.11	0.65	0.95	0.85	1.16	1.76
EV/Sales Ratio	0.72	1.03	1.71	2.09	2.80	4.38
EV/EBITDA Ratio	6.38	12.51	14.13	17.10	22.24	75.78
EV/EBIT Ratio	10.13	15.79	15.82	18.67	24.54	95.02
EV/FCF Ratio	1262.51	-	46.70	-	112.02	40.03
Debt / Equity Ratio	0.46	0.46	0.55	0.29	0.48	0.63
Debt / EBITDA Ratio	2.85	4.16	2.27	1.27	1.78	5.98
Debt / FCF Ratio	564.32	-	9.00	-	10.49	4.87
Net Debt / Equity Ratio	0.39	0.36	0.36	0.16	0.38	0.21
Net Debt / EBITDA Ratio	2.93	3.99	1.80	0.80	1.66	3.11
Net Debt / FCF Ratio	479.16	-50.10	5.96	-4.37	8.36	1.65
Asset Turnover	0.79	0.79	0.91	1.06	0.94	0.75
Inventory Turnover	2.27	2.62	2.87	3.19	3.72	3.55
Quick Ratio	1.16	0.99	0.84	0.92	0.72	1.34
Current Ratio	1.90	1.51	1.27	1.46	1.08	1.72
Return on Equity (ROE)	9.27%	6.36%	14.28%	19.90%	23.38%	4.64%
Return on Assets (ROA)	3.49%	3.22%	6.16%	7.40%	6.72%	2.16%
Return on Invested Capital (ROIC)	7.40%	7.57%	14.85%	16.10%	14.79%	5.24%
Return on Capital Employed (ROCE)	7.20%	5.10%	14.20%	15.70%	18.10%	3.80%
Earnings Yield	14.08%	5.59%	5.58%	4.95%	4.54%	0.71%
FCF Yield	0.13%	-0.90%	2.48%	-1.10%	0.96%	2.56%
Dividend Yield	4.25%	-	3.39%	2.05%	1.40%	0.99%
Payout Ratio	-	17.56%	8.25%	17.95%	-	58.82%
Buyback Yield / Dilution	-60.53%	-17.26%	-0.70%	-11.08%	-10.48%	-1.01%
Total Shareholder Return	-56.27%	-17.26%	2.69%	-9.02%	-9.08%	-0.02%

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