Equatorial Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	May '26 May 4, 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
Market Capitalization	52,904	48,442	34,230	39,900	29,724	22,196
Market Cap Growth	26.01%	41.52%	-14.21%	34.24%	33.92%	-5.16%
Enterprise Value	100,379	101,195	80,330	79,888	55,608	36,506
PE Ratio	43.83	28.86	12.17	19.22	21.63	6.01
PS Ratio	1.02	0.93	0.78	0.97	1.10	0.92
PB Ratio	1.87	1.71	1.15	1.58	1.60	1.52
P/FCF Ratio	14.01	12.83	8.90	22.89	-	67.23
P/OCF Ratio	13.31	12.19	8.05	9.17	8.57	17.02
EV/Sales Ratio	1.93	1.94	1.84	1.95	2.05	1.51
EV/EBITDA Ratio	7.81	8.73	8.42	7.95	8.00	6.17
EV/EBIT Ratio	9.94	11.45	10.92	9.77	9.67	7.11
EV/FCF Ratio	26.59	26.81	20.88	45.83	-	110.57
Debt / Equity Ratio	1.95	1.95	1.88	1.86	2.24	1.75
Debt / EBITDA Ratio	4.76	4.76	5.88	4.69	5.99	4.31
Debt / FCF Ratio	14.62	14.62	14.58	27.02	-	77.27
Net Debt / Equity Ratio	1.59	1.59	1.45	1.39	1.83	1.04
Net Debt / EBITDA Ratio	3.87	3.87	4.54	3.49	4.88	2.56
Net Debt / FCF Ratio	11.89	11.89	11.25	20.10	-33.02	45.86
Quick Ratio	1.46	1.46	1.41	1.45	0.93	1.57
Current Ratio	1.49	1.49	1.46	1.54	0.98	1.67
Asset Turnover	0.46	0.46	0.40	0.42	0.36	0.46
Return on Equity (ROE)	6.98%	6.98%	10.51%	13.12%	11.59%	32.01%
Return on Assets (ROA)	4.89%	4.89%	4.18%	5.26%	4.72%	6.07%
Return on Capital Employed (ROCE)	9.60%	9.60%	7.60%	9.60%	8.40%	10.50%
Earnings Yield	3.17%	3.46%	8.21%	5.20%	4.62%	16.64%
FCF Yield	7.14%	7.79%	11.24%	4.37%	-3.46%	1.49%
Dividend Yield	3.77%	4.11%	3.07%	1.37%	1.47%	3.22%
Payout Ratio	320.13%	320.13%	51.00%	38.38%	79.45%	33.02%
Buyback Yield / Dilution	-0.91%	-0.91%	-7.90%	-4.52%	-12.47%	2.56%
Total Shareholder Return	2.83%	3.20%	-4.83%	-3.15%	-10.99%	5.77%

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