Light 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 12, 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	1,554	1,762	1,513	2,980	1,725	4,378
Market Cap Growth	-15.59%	16.50%	-49.25%	72.79%	-60.60%	-40.73%
Enterprise Value	9,879	9,014	11,614	12,715	10,738	11,658
PE Ratio	26.89	8.27	0.92	11.68	-	11.00
PS Ratio	0.10	0.12	0.10	0.21	0.13	0.29
PB Ratio	0.29	0.32	0.29	0.96	0.61	0.50
P/FCF Ratio	7.50	8.51	0.75	2.33	-	-
P/OCF Ratio	4.14	4.69	0.70	2.13	8.59	-
EV/Sales Ratio	0.66	0.60	0.78	0.90	0.81	0.78
EV/EBITDA Ratio	4.41	4.08	4.83	5.11	13.50	5.77
EV/EBIT Ratio	7.45	6.61	7.47	7.31	105.47	8.38
EV/FCF Ratio	47.68	43.51	5.77	9.95	-	-
Debt / Equity Ratio	1.85	1.85	1.88	3.74	4.00	1.28
Debt / EBITDA Ratio	4.42	4.42	4.00	4.58	13.66	5.42
Debt / FCF Ratio	48.61	48.61	4.87	9.05	-	-
Net Debt / Equity Ratio	1.53	1.53	1.29	3.06	3.26	0.87
Net Debt / EBITDA Ratio	3.76	3.76	2.79	3.80	11.68	3.76
Net Debt / FCF Ratio	40.18	40.18	3.33	7.41	-86.79	-29.07
Quick Ratio	0.70	0.70	1.30	0.32	0.76	1.03
Current Ratio	0.82	0.82	1.38	0.34	0.85	1.39
Asset Turnover	0.59	0.59	0.61	0.59	0.51	0.55
Return on Equity (ROE)	4.00%	4.00%	39.54%	8.59%	-97.98%	5.03%
Return on Assets (ROA)	3.34%	3.34%	3.96%	4.54%	0.24%	3.18%
Return on Capital Employed (ROCE)	7.10%	7.10%	7.70%	21.20%	0.60%	6.40%
Earnings Yield	13.72%	12.09%	108.67%	8.56%	-328.84%	9.09%
FCF Yield	13.34%	11.76%	133.18%	42.87%	-6.20%	-5.98%
Dividend Yield	-	-	-	-	-	2.22%
Payout Ratio	-	-	-	-	-	41.30%
Buyback Yield / Dilution	-	-	-279.27%	-	0.00%	-20.70%
Total Shareholder Return	-	-	-279.27%	-	-	-18.48%

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