BVMF:CEEB5 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	18,357	16,529	15,159	13,978	14,265	11,285
Revenue Growth (YoY)	17.84%	9.04%	8.45%	-2.01%	26.41%	10.43%
Operations & Maintenance	1,820	1,808	1,705	1,527	1,380	1,174
Selling, General & Admin	863	701	596	610	526	529
Provision for Bad Debts	191	190	230	190	155	117
Other Operating Expenses	11,152	9,843	8,853	8,434	9,377	7,618
Total Operating Expenses	14,026	12,542	11,384	10,761	11,438	9,438
Operating Income	4,331	3,987	3,775	3,217	2,827	1,847
Interest Expense	-1,637	-1,333	-1,233	-1,087	-702	-376
Interest Income	261	247	250	256	192	209
Net Interest Expense	-1,376	-1,086	-983	-831	-510	-167
Currency Exchange Gain (Loss)	225	-763	354	303	-106	-985
Other Non-Operating Income (Expenses)	-791	229	-974	-652	-8	908
EBT Excluding Unusual Items	2,389	2,367	2,172	2,037	2,203	1,603
Legal Settlements	-151	-161	-147	-150	-142	-118
Other Unusual Items	-	-	-	-	-	-27
Pretax Income	2,238	2,206	2,025	1,887	2,061	1,458
Income Tax Expense	153	398	186	320	392	239
Net Income	2,085	1,808	1,839	1,567	1,669	1,219
Net Income to Common	2,085	1,808	1,839	1,567	1,669	1,219
Net Income Growth	19.28%	-1.69%	17.36%	-6.11%	36.92%	20.81%
Shares Outstanding (Basic)	262	262	262	262	262	262
Shares Outstanding (Diluted)	262	262	262	262	262	262
EPS (Basic)	7.96	6.90	7.02	5.98	6.37	4.65
EPS (Diluted)	7.96	6.90	7.02	5.98	6.37	4.65
EPS Growth	19.28%	-1.69%	17.36%	-6.11%	36.91%	20.81%
Dividend Per Share	4.741	1.225	5.305	4.914	5.191	1.057
Dividend Growth	68.06%	-76.91%	7.94%	-5.33%	391.01%	-4.06%
Profit Margin	11.36%	10.94%	12.13%	11.21%	11.70%	10.80%
EBITDA	5,372	4,953	4,647	3,989	3,501	2,421
EBITDA Margin	29.26%	29.97%	30.65%	28.54%	24.54%	21.45%
D&A For EBITDA	1,041	966	872	772	674	574
EBIT	4,331	3,987	3,775	3,217	2,827	1,847
EBIT Margin	23.59%	24.12%	24.90%	23.02%	19.82%	16.37%
Effective Tax Rate	6.84%	18.04%	9.19%	16.96%	19.02%	16.39%

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