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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 18, 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 Cap	245,443	251,950	378,220	56,608	8,689	32,652
Market Cap Growth	-46.18%	-33.38%	568.13%	551.49%	-73.39%	64.99%
Enterprise Value	312,902	356,840	416,517	68,269	21,415	44,168
PE Ratio	-	-9.98	-47.79	23.92	-1.09	-10.19
Forward PE	2.73	6.30	-	73.68	41.37	92.32
PEG Ratio	-	1.43	1.43	1.43	1.43	1.43
PS Ratio	93.37	99.36	153.59	21.47	3.28	12.03
PB Ratio	0.87	1.07	3.90	4.92	-4.27	6.28
P/TBV Ratio	0.07	0.96	3.06	4.83	-4.18	5.57
P/FCF Ratio	-	-421.67	-1070.25	1090.02	2255.60	67.44
P/OCF Ratio	-	-705.19	-1342.25	838.10	509.28	65.49
EV/Sales Ratio	125.05	140.72	169.14	25.89	8.07	16.27
EV/EBITDA Ratio	-	-12.39	-42.72	-127.82	-3.19	-10.75
EV/EBIT Ratio	-	-12.34	-42.30	-111.68	-3.16	-10.60
EV/FCF Ratio	-505.18	-597.21	-1178.62	1314.55	5559.10	91.22
Debt / Equity Ratio	0.14	0.14	0.40	1.04	-6.38	2.28
Debt / EBITDA Ratio	-0.47	-1.52	-3.95	-22.32	-1.93	-2.89
Debt / FCF Ratio	-73.24	-73.24	-108.98	229.56	3374.29	24.49
Net Debt / Equity Ratio	0.13	0.13	0.40	1.01	-6.25	2.21
Net Debt / EBITDA Ratio	-0.34	-1.09	-3.93	-21.84	-1.89	-2.80
Net Debt / FCF Ratio	-52.76	-52.76	-108.38	224.58	3304.12	23.78
Asset Turnover	0.01	0.01	0.03	0.14	0.17	0.20
Quick Ratio	5.50	5.50	0.62	0.72	0.76	0.81
Current Ratio	5.62	5.62	0.71	0.83	0.83	0.86
Return on Equity (ROE)	-18.91%	-18.91%	-26.50%	-76.12%	-394.45%	-141.94%
Return on Assets (ROA)	-52.08%	-16.23%	-16.91%	-17.47%	-37.99%	-41.86%
Return on Invested Capital (ROIC)	-53.67%	-16.72%	-17.08%	-18.22%	-40.12%	-44.73%
Return on Capital Employed (ROCE)	-40.33%	-12.56%	-12.38%	-3.52%	-47.80%	-35.46%
Earnings Yield	-9.49%	-10.02%	-2.09%	4.18%	-91.67%	-9.81%
FCF Yield	-0.25%	-0.24%	-0.09%	0.09%	0.04%	1.48%
Buyback Yield / Dilution	-34.42%	-34.42%	-23.25%	-19.37%	-3.21%	-16.98%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.