BVMF:CEDO4 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	788.52	828.83	1,037	1,115	1,228	954.28
Revenue Growth (YoY)	-23.82%	-20.06%	-7.05%	-9.14%	28.65%	54.26%
Cost of Revenue	615.59	635	729.59	779.92	1,025	804.76
Gross Profit	172.93	193.84	307.19	335.52	202.37	149.52
Selling, General & Admin	94.4	95.66	118.12	113.66	121.34	95.55
Other Operating Expenses	50.08	44.93	22.62	33.84	12.86	10.06
Operating Expenses	144.48	140.59	140.74	147.5	134.2	105.61
Operating Income	28.45	53.25	166.46	188.02	68.17	43.91
Interest Expense	-87.54	-79.93	-73.7	-66.05	-73.08	-33.33
Interest & Investment Income	4.52	5.78	6.03	4.05	4.06	2.28
Earnings From Equity Investments	-12.8	-12.8	-	-	-	-
Currency Exchange Gain (Loss)	-0.51	0.11	-0.59	0.3	1.01	-0.86
Other Non Operating Income (Expenses)	-5.96	-9.19	-14.87	-25.81	-24.52	-14.52
EBT Excluding Unusual Items	-73.84	-42.79	83.34	100.51	-24.37	-2.52
Gain (Loss) on Sale of Assets	-1.2	-1.18	-1.21	0.68	0.69	0.67
Pretax Income	-75.34	-43.96	82.13	101.19	-23.67	-1.85
Income Tax Expense	-19.88	-11.27	-28.46	21	3.35	0.17
Earnings From Continuing Operations	-55.47	-32.7	110.59	80.19	-27.02	-2.02
Minority Interest in Earnings	-0.05	-	-0.06	0.17	9.07	3.55
Net Income	-55.52	-32.7	110.54	80.35	-17.95	1.53
Net Income to Common	-55.52	-32.7	110.54	80.35	-17.95	1.53
Net Income Growth	-	-	37.56%	-	-	-
Shares Outstanding (Basic)	10	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10	10
Shares Change (YoY)	0.20%	0.11%	-	-	-	-
EPS (Basic)	-5.54	-3.27	11.05	8.04	-1.79	0.15
EPS (Diluted)	-5.54	-3.27	11.05	8.04	-1.79	0.15
EPS Growth	-	-	37.56%	-	-	-
Free Cash Flow	33.25	-2.25	-6	54.87	-46.98	-61.78
Free Cash Flow Per Share	3.32	-0.22	-0.60	5.49	-4.70	-6.18
Gross Margin	21.93%	23.39%	29.63%	30.08%	16.48%	15.67%
Operating Margin	3.61%	6.42%	16.05%	16.86%	5.55%	4.60%
Profit Margin	-7.04%	-3.94%	10.66%	7.20%	-1.46%	0.16%
Free Cash Flow Margin	4.22%	-0.27%	-0.58%	4.92%	-3.83%	-6.47%
EBITDA	46.45	68.85	180.07	203.06	81.86	57.5
EBITDA Margin	5.89%	8.31%	17.37%	18.20%	6.67%	6.02%
D&A For EBITDA	18	15.6	13.61	15.04	13.69	13.59
EBIT	28.45	53.25	166.46	188.02	68.17	43.91
EBIT Margin	3.61%	6.42%	16.05%	16.86%	5.55%	4.60%
Effective Tax Rate	-	-	-	20.75%	-	-

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