Light 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	14,996	14,876	14,116	13,253	14,898
Revenue Growth (YoY)	0.81%	5.38%	6.51%	-11.04%	13.96%
Selling, General & Admin	836.51	587.73	924.33	1,500	989.99
Other Operating Expenses	12,795	12,735	11,454	11,651	12,517
Total Operating Expenses	13,632	13,322	12,378	13,151	13,507
Operating Income	1,365	1,554	1,738	101.81	1,391
Interest Expense	-451.84	-258.69	-813.62	-931.81	-698.41
Interest Income	426.21	357.01	282.95	396.29	152.12
Net Interest Expense	-25.63	98.32	-530.67	-535.52	-546.29
Income (Loss) on Equity Investments	-38.51	-41.91	-	-16.98	-47.62
Currency Exchange Gain (Loss)	-99.37	-1,072	58.3	-16.26	-760.19
Other Non-Operating Income (Expenses)	-527	1,542	-249.04	-2,896	-38.62
EBT Excluding Unusual Items	674.22	2,081	1,017	-3,362	-1.76
Legal Settlements	-57.68	-335.07	-200.5	-1,995	-185.13
Other Unusual Items	14.4	-	-	-	-
Pretax Income	630.94	1,746	816.55	-5,358	-186.89
Income Tax Expense	417.84	101.78	561.39	314.47	-584.83
Net Income	213.1	1,644	255.16	-5,672	397.95
Net Income to Common	213.1	1,644	255.16	-5,672	397.95
Net Income Growth	-87.04%	544.21%	-	-	-42.49%
Shares Outstanding (Basic)	373	373	367	367	367
Shares Outstanding (Diluted)	1,391	1,391	367	367	367
Shares Change (YoY)	-	279.27%	-	-	20.70%
EPS (Basic)	0.57	4.41	0.70	-15.46	1.08
EPS (Diluted)	0.16	1.18	0.70	-15.46	1.08
EPS Growth	-86.90%	70.20%	-	-	-52.35%
Free Cash Flow	207.19	2,014	1,278	-107	-261.65
Free Cash Flow Per Share	0.15	1.45	3.48	-0.29	-0.71
Dividend Per Share	-	-	-	-	0.254
Dividend Growth	-	-	-	-	-42.49%
Profit Margin	1.42%	11.05%	1.81%	-42.80%	2.67%
Free Cash Flow Margin	1.38%	13.54%	9.05%	-0.81%	-1.76%
EBITDA	2,212	2,407	2,491	795.26	2,022
EBITDA Margin	14.75%	16.18%	17.65%	6.00%	13.57%
D&A For EBITDA	847.01	853.16	752.45	693.45	631.03
EBIT	1,365	1,554	1,738	101.81	1,391
EBIT Margin	9.10%	10.45%	12.31%	0.77%	9.34%
Effective Tax Rate	66.22%	5.83%	68.75%	-	-

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