BVMF:LWSA3 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	1,489	1,370	1,293	1,135	800.21
Revenue Growth (YoY)	8.65%	5.98%	13.86%	41.89%	63.91%
Cost of Revenue	769.43	715.02	694.85	624.2	435.68
Gross Profit	719.1	655.01	597.91	511.19	364.53
Selling, General & Admin	561.94	541.3	516.26	464.16	322.13
Other Operating Expenses	417.33	-8.71	-13.43	-1.78	-2.05
Operating Expenses	979.26	532.59	502.83	462.39	320.08
Operating Income	-260.17	122.43	95.08	48.8	44.45
Interest Expense	-95.91	-146.31	-5.94	-6.63	-8.08
Interest & Investment Income	55.28	83.44	156.19	184.65	81.98
Currency Exchange Gain (Loss)	-0.57	-0.67	-0.67	-0.58	-0.29
Other Non Operating Income (Expenses)	33.13	83.7	-72.71	-65	-21.43
EBT Excluding Unusual Items	-268.24	142.58	171.95	161.24	96.64
Merger & Restructuring Charges	-	-	-	-	-26.3
Gain (Loss) on Sale of Investments	-	-	-	0.2	-0.17
Gain (Loss) on Sale of Assets	-	-	0.2	0.22	0.67
Asset Writedown	-16.54	-8.62	-8.82	-3.7	-10.12
Other Unusual Items	-19.65	-69.04	-272.98	-97.89	-48.16
Pretax Income	-304.42	64.92	-109.65	60.07	12.56
Income Tax Expense	-78.97	22.72	-35.92	31.8	28.31
Earnings From Continuing Operations	-225.45	42.19	-73.74	28.27	-15.75
Net Income	-225.45	42.19	-73.74	28.27	-15.75
Net Income to Common	-225.45	42.19	-73.74	28.27	-15.75
Shares Outstanding (Basic)	551	575	590	588	578
Shares Outstanding (Diluted)	551	578	590	597	593
Shares Change (YoY)	-4.74%	-1.89%	-1.31%	0.72%	15.20%
EPS (Basic)	-0.41	0.07	-0.13	0.05	-0.03
EPS (Diluted)	-0.41	0.07	-0.13	0.05	-0.03
Free Cash Flow	316.63	116.95	246.44	170.56	109.5
Free Cash Flow Per Share	0.57	0.20	0.42	0.29	0.18
Dividend Per Share	-	0.072	-	0.052	-
Gross Margin	48.31%	47.81%	46.25%	45.02%	45.55%
Operating Margin	-17.48%	8.94%	7.36%	4.30%	5.56%
Profit Margin	-15.15%	3.08%	-5.70%	2.49%	-1.97%
Free Cash Flow Margin	21.27%	8.54%	19.06%	15.02%	13.68%
EBITDA	-213.13	171.28	145.51	99.89	90.39
EBITDA Margin	-14.32%	12.50%	11.26%	8.80%	11.29%
D&A For EBITDA	47.04	48.86	50.43	51.09	45.94
EBIT	-260.17	122.43	95.08	48.8	44.45
EBIT Margin	-17.48%	8.94%	7.36%	4.30%	5.56%
Effective Tax Rate	-	35.00%	-	52.93%	225.40%

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