BVMF:CEEB3 Income Statement

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

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	18,380	16,529	15,159	13,978	14,265
Revenue Growth (YoY)	11.20%	9.04%	8.45%	-2.01%	26.41%
Operations & Maintenance	1,845	1,808	1,705	1,527	1,380
Selling, General & Admin	846	701	596	610	526
Provision for Bad Debts	194	190	230	190	155
Other Operating Expenses	11,263	9,843	8,853	8,434	9,377
Total Operating Expenses	14,148	12,542	11,384	10,761	11,438
Operating Income	4,232	3,987	3,775	3,217	2,827
Interest Expense	-1,747	-1,333	-1,233	-1,087	-702
Interest Income	283	247	250	256	192
Net Interest Expense	-1,464	-1,086	-983	-831	-510
Currency Exchange Gain (Loss)	575	-763	354	303	-106
Other Non-Operating Income (Expenses)	-1,079	229	-974	-652	-8
EBT Excluding Unusual Items	2,264	2,367	2,172	2,037	2,203
Legal Settlements	-166	-161	-147	-150	-142
Pretax Income	2,098	2,206	2,025	1,887	2,061
Income Tax Expense	144	398	186	320	392
Net Income	1,954	1,808	1,839	1,567	1,669
Net Income to Common	1,954	1,808	1,839	1,567	1,669
Net Income Growth	8.08%	-1.69%	17.36%	-6.11%	36.92%
Shares Outstanding (Basic)	262	262	262	262	262
Shares Outstanding (Diluted)	262	262	262	262	262
EPS (Basic)	7.46	6.90	7.02	5.98	6.37
EPS (Diluted)	7.46	6.90	7.02	5.98	6.37
EPS Growth	8.08%	-1.69%	17.36%	-6.11%	36.91%
Dividend Per Share	5.686	1.225	5.305	4.914	5.191
Dividend Growth	364.23%	-76.91%	7.94%	-5.33%	391.01%
Profit Margin	10.63%	10.94%	12.13%	11.21%	11.70%
EBITDA	5,292	4,953	4,647	3,989	3,501
EBITDA Margin	28.79%	29.97%	30.65%	28.54%	24.54%
D&A For EBITDA	1,060	966	872	772	674
EBIT	4,232	3,987	3,775	3,217	2,827
EBIT Margin	23.03%	24.12%	24.90%	23.02%	19.82%
Effective Tax Rate	6.86%	18.04%	9.19%	16.96%	19.02%

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