BVMF:LAVV3 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	1,761	1,549	903.33	555.33	609.27
Revenue Growth (YoY)	13.69%	71.51%	62.67%	-8.85%	69.47%
Cost of Revenue	1,158	1,033	609.15	368.99	358.34
Gross Profit	603.21	516.68	294.18	186.34	250.93
Selling, General & Admin	216.12	182.26	105.88	96.5	79.2
Other Operating Expenses	1.9	0.9	1.01	2	-0.52
Operating Expenses	218.02	183.16	106.88	98.5	78.68
Operating Income	385.2	333.52	187.3	87.84	172.25
Interest Expense	-63.01	-21.92	-0.52	-3.34	-0.28
Interest & Investment Income	112.12	56.78	54.76	71.04	45.19
Earnings From Equity Investments	98.38	66.8	35.71	-1.32	4.15
Other Non Operating Income (Expenses)	4.26	3.29	5.02	-	-0.35
EBT Excluding Unusual Items	536.95	438.47	282.27	154.23	220.97
Gain (Loss) on Sale of Investments	-7.93	0.59	-4.94	-	-0
Legal Settlements	-10.33	-4.22	-2.57	-	0.16
Pretax Income	518.69	434.83	274.76	154.23	221.13
Income Tax Expense	54.53	42.37	28.14	23.32	16.83
Earnings From Continuing Operations	464.16	392.46	246.62	130.91	204.3
Minority Interest in Earnings	-50.09	-49.94	-15.17	-16.02	-26.57
Net Income	414.07	342.51	231.45	114.89	177.73
Net Income to Common	414.07	342.51	231.45	114.89	177.73
Net Income Growth	20.89%	47.99%	101.45%	-35.36%	90.04%
Shares Outstanding (Basic)	195	195	195	199	213
Shares Outstanding (Diluted)	195	195	195	199	213
Shares Change (YoY)	-	-	-1.68%	-6.67%	49.39%
EPS (Basic)	2.12	1.75	1.18	0.58	0.83
EPS (Diluted)	2.12	1.75	1.18	0.58	0.83
EPS Growth	20.89%	47.99%	104.89%	-30.74%	27.21%
Free Cash Flow	-192.96	-3.95	-262.51	80.01	-161.51
Free Cash Flow Per Share	-0.99	-0.02	-1.34	0.40	-0.76
Dividend Per Share	1.655	0.987	0.588	0.486	0.873
Dividend Growth	67.70%	67.81%	21.02%	-44.31%	743.49%
Gross Margin	34.25%	33.35%	32.57%	33.55%	41.19%
Operating Margin	21.87%	21.53%	20.73%	15.82%	28.27%
Profit Margin	23.51%	22.11%	25.62%	20.69%	29.17%
Free Cash Flow Margin	-10.96%	-0.26%	-29.06%	14.41%	-26.51%
EBITDA	396.06	340.42	188.22	88.72	173.04
EBITDA Margin	22.48%	21.97%	20.84%	15.97%	28.40%
D&A For EBITDA	10.86	6.9	0.92	0.88	0.79
EBIT	385.2	333.52	187.3	87.84	172.25
EBIT Margin	21.87%	21.53%	20.73%	15.82%	28.27%
Effective Tax Rate	10.51%	9.74%	10.24%	15.12%	7.61%

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