BVMF:ECOR3 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	11,521	9,872	8,845	6,061	4,652
Revenue Growth (YoY)	16.70%	11.61%	45.93%	30.30%	16.30%
Cost of Revenue	7,056	5,963	5,590	4,135	2,812
Gross Profit	4,465	3,909	3,255	1,927	1,840
Selling, General & Admin	393.28	350.37	307.79	310.95	278.58
Other Operating Expenses	-7.14	-5.26	-7.02	-7.68	-10.85
Operating Expenses	386.14	345.11	300.77	303.28	267.73
Operating Income	4,079	3,564	2,954	1,623	1,572
Interest Expense	-2,048	-1,535	-	-861.66	-526.82
Interest & Investment Income	529.85	452.31	-	238.67	115.6
Earnings From Equity Investments	-	-	-	-	-0.02
Currency Exchange Gain (Loss)	-101.02	-60.55	-	-30.81	-20.34
Other Non Operating Income (Expenses)	-869.38	-658.81	-1,512	-378.3	-488.1
EBT Excluding Unusual Items	1,591	1,762	1,442	591.3	652.47
Asset Writedown	202.66	-41.51	-161.15	-81.01	-
Pretax Income	1,793	1,720	1,281	510.29	652.47
Income Tax Expense	925.73	806.8	684.1	268.89	285.21
Earnings From Continuing Operations	867.47	913.45	596.63	241.4	367.26
Earnings From Discontinued Operations	-0.65	-	-	-7.34	-
Net Income to Company	866.82	913.45	596.63	234.06	367.26
Minority Interest in Earnings	19.03	-9.35	-27.07	11.64	4.78
Net Income	885.85	904.1	569.56	245.7	372.04
Net Income to Common	885.85	904.1	569.56	245.7	372.04
Net Income Growth	-2.02%	58.74%	131.82%	-33.96%	-
Shares Outstanding (Basic)	696	696	696	696	630
Shares Outstanding (Diluted)	696	696	696	696	630
Shares Change (YoY)	-	-0.00%	0.00%	10.35%	12.99%
EPS (Basic)	1.27	1.30	0.82	0.35	0.59
EPS (Diluted)	1.27	1.30	0.82	0.35	0.59
EPS Growth	-2.02%	58.74%	131.82%	-40.13%	-
Free Cash Flow	4,507	3,671	3,331	1,716	1,791
Free Cash Flow Per Share	6.48	5.28	4.79	2.47	2.84
Dividend Per Share	0.302	0.309	0.194	0.008	-
Dividend Growth	-2.02%	58.73%	2463.09%	-	-
Gross Margin	38.76%	39.59%	36.80%	31.79%	39.55%
Operating Margin	35.41%	36.10%	33.40%	26.78%	33.80%
Profit Margin	7.69%	9.16%	6.44%	4.05%	8.00%
Free Cash Flow Margin	39.12%	37.19%	37.66%	28.32%	38.51%
EBITDA	5,236	4,422	3,752	2,138	2,226
EBITDA Margin	45.45%	44.80%	42.42%	35.28%	47.85%
D&A For EBITDA	1,157	858.48	798.11	514.9	653.88
EBIT	4,079	3,564	2,954	1,623	1,572
EBIT Margin	35.41%	36.10%	33.40%	26.78%	33.80%
Effective Tax Rate	51.63%	46.90%	53.41%	52.69%	43.71%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.