BVMF:ESTR4 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	150.81	154.45	160.57	176.37	179.06
Revenue Growth (YoY)	-2.36%	-3.81%	-8.96%	-1.50%	29.23%
Cost of Revenue	93.93	86.83	93.46	87.05	93.71
Gross Profit	56.88	67.63	67.11	89.32	85.35
Selling, General & Admin	74.92	69.59	74.96	81.13	63.79
Other Operating Expenses	-266.5	-2.53	3.23	-14.91	-17.45
Operating Expenses	-191.58	67.05	78.19	66.22	46.33
Operating Income	248.46	0.57	-11.08	23.1	39.02
Interest Expense	-123.62	-66.89	-67.03	-77.26	-39.99
Interest & Investment Income	13.9	3.32	56.3	7.66	1.39
Other Non Operating Income (Expenses)	3.4	38.74	-	-	-
Pretax Income	142.14	-24.26	-21.81	-46.51	0.42
Income Tax Expense	-	-	-	-	4.73
Net Income	142.14	-24.26	-21.81	-46.51	-4.31
Net Income to Common	142.14	-24.26	-21.81	-46.51	-4.31
Shares Outstanding (Basic)	8	8	8	8	8
Shares Outstanding (Diluted)	8	8	8	8	8
EPS (Basic)	17.58	-3.00	-2.70	-5.75	-0.53
EPS (Diluted)	17.58	-3.00	-2.70	-5.75	-0.53
Free Cash Flow	-210.1	-18.47	11.1	-46.25	-24.9
Free Cash Flow Per Share	-25.99	-2.29	1.37	-5.72	-3.08
Gross Margin	37.72%	43.78%	41.80%	50.64%	47.66%
Operating Margin	164.75%	0.37%	-6.90%	13.10%	21.79%
Profit Margin	94.25%	-15.71%	-13.58%	-26.37%	-2.41%
Free Cash Flow Margin	-139.31%	-11.96%	6.91%	-26.22%	-13.91%
EBITDA	251.31	2.88	-9.75	26	42.12
EBITDA Margin	166.64%	1.86%	-6.07%	14.74%	23.52%
D&A For EBITDA	2.85	2.3	1.33	2.91	3.1
EBIT	248.46	0.57	-11.08	23.1	39.02
EBIT Margin	164.75%	0.37%	-6.90%	13.10%	21.79%
Effective Tax Rate	-	-	-	-	1136.78%
Revenue as Reported	150.81	154.45	160.57	176.37	179.06
Advertising Expenses	0.55	1.68	-	-	-