BVMF:CEDO3 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
Revenue	947.98	1,037	1,115	1,228	954.28	618.63
Revenue Growth (YoY)	-6.22%	-7.05%	-9.14%	28.65%	54.26%	-8.67%
Cost of Revenue	688.12	729.59	779.92	1,025	804.76	514.94
Gross Profit	259.86	307.19	335.52	202.37	149.52	103.69
Selling, General & Admin	118.66	118.12	113.66	121.34	95.55	75.75
Other Operating Expenses	47.66	22.62	33.84	12.86	10.06	26.8
Operating Expenses	166.32	140.74	147.5	134.2	105.61	102.55
Operating Income	93.54	166.46	188.02	68.17	43.91	1.14
Interest Expense	-81.3	-73.7	-66.05	-73.08	-33.33	-47.28
Interest & Investment Income	5.67	6.03	4.05	4.06	2.28	4.65
Currency Exchange Gain (Loss)	-0.24	-0.59	0.3	1.01	-0.86	-3.86
Other Non Operating Income (Expenses)	-21.85	-14.87	-25.81	-24.52	-14.52	-
EBT Excluding Unusual Items	-4.18	83.34	100.51	-24.37	-2.52	-45.36
Gain (Loss) on Sale of Assets	5.94	-1.21	0.68	0.69	0.67	-
Pretax Income	1.76	82.13	101.19	-23.67	-1.85	-45.36
Income Tax Expense	-38.88	-28.46	21	3.35	0.17	0.56
Earnings From Continuing Operations	40.64	110.59	80.19	-27.02	-2.02	-45.92
Minority Interest in Earnings	0.22	-0.06	0.17	9.07	3.55	4.43
Net Income	40.86	110.54	80.35	-17.95	1.53	-41.49
Net Income to Common	40.86	110.54	80.35	-17.95	1.53	-41.49
Net Income Growth	-35.60%	37.56%	-	-	-	-
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
EPS (Basic)	4.09	11.05	8.04	-1.79	0.15	-4.15
EPS (Diluted)	4.09	11.05	8.04	-1.79	0.15	-4.15
EPS Growth	-35.60%	37.56%	-	-	-	-
Free Cash Flow	-15.47	-6	54.87	-46.98	-61.78	29.28
Free Cash Flow Per Share	-1.55	-0.60	5.49	-4.70	-6.18	2.93
Gross Margin	27.41%	29.63%	30.08%	16.48%	15.67%	16.76%
Operating Margin	9.87%	16.05%	16.86%	5.55%	4.60%	0.18%
Profit Margin	4.31%	10.66%	7.20%	-1.46%	0.16%	-6.71%
Free Cash Flow Margin	-1.63%	-0.58%	4.92%	-3.83%	-6.47%	4.73%
EBITDA	115.38	184.8	203.06	81.86	57.5	18.98
EBITDA Margin	12.17%	17.82%	18.20%	6.67%	6.02%	3.07%
D&A For EBITDA	21.85	18.35	15.04	13.69	13.59	17.84
EBIT	93.54	166.46	188.02	68.17	43.91	1.14
EBIT Margin	9.87%	16.05%	16.86%	5.55%	4.60%	0.18%
Effective Tax Rate	-	-	20.75%	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.