Strategy Ratios and Metrics

Market cap in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Nov '25 Nov 11, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Market Capitalization	341,804	439,684	47,924	8,470	32,295	18,699	Upgrade
Market Cap Growth	15.68%	817.46%	465.78%	-73.77%	72.71%	217.67%	Upgrade
Enterprise Value	415,702	465,807	58,576	21,083	44,468	18,975	Upgrade
Last Close Price	17.00	27.00	4.74	1.03	-	-	Upgrade
PE Ratio	8.31	-	23.02	-	-	-	Upgrade
PS Ratio	135.04	153.39	19.90	3.21	11.35	7.49	Upgrade
PB Ratio	1.10	3.90	4.56	-4.18	5.92	6.51	Upgrade
P/TBV Ratio	1.23	3.90	4.56	-	5.92	6.51	Upgrade
P/FCF Ratio	-	-	1010.50	2210.00	63.61	72.06	Upgrade
P/OCF Ratio	-	-	776.95	498.99	61.77	67.15	Upgrade
EV/Sales Ratio	165.28	162.50	24.33	7.99	15.63	7.60	Upgrade
EV/EBITDA Ratio	7.13	-	-	-	-	-	Upgrade
EV/EBIT Ratio	7.15	-	-	-	-	-	Upgrade
EV/FCF Ratio	-719.92	-	1235.09	5500.79	87.58	73.12	Upgrade
Debt / Equity Ratio	0.14	0.40	1.04	-6.38	2.28	1.03	Upgrade
Debt / EBITDA Ratio	0.75	-	-	-	-	40.71	Upgrade
Debt / FCF Ratio	-	-	230.62	3374.29	24.49	11.42	Upgrade
Asset Turnover	0.01	0.03	0.14	0.17	0.20	0.40	Upgrade
Quick Ratio	0.53	0.62	0.76	0.74	0.81	0.90	Upgrade
Current Ratio	0.66	0.71	0.83	0.83	0.86	0.95	Upgrade
Return on Equity (ROE)	25.59%	-11.44%	48.17%	-493.35%	-69.91%	-1.42%	Upgrade
Return on Assets (ROA)	16.75%	-7.57%	-2.00%	-26.72%	-19.52%	-0.71%	Upgrade
Return on Capital (ROIC)	18.46%	-7.75%	-2.22%	-30.24%	-22.63%	-0.98%	Upgrade
Return on Capital Employed (ROCE)	15.00%	-	-	-	-	-	Upgrade
Earnings Yield	12.04%	-1.64%	4.35%	-91.73%	-9.24%	-0.21%	Upgrade
FCF Yield	-0.17%	-0.09%	0.10%	0.04%	1.57%	1.39%	Upgrade
Buyback Yield / Dilution	-52.23%	-16.23%	-46.33%	-12.98%	-3.47%	6.24%	Upgrade

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