BVMF:MILS3 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	1,838	1,575	1,378	1,092	738.12
Revenue Growth (YoY)	16.66%	14.35%	26.16%	47.96%	45.77%
Cost of Revenue	699.82	604.22	502.22	397.02	335.13
Gross Profit	1,138	971.19	875.53	695.08	402.99
Selling, General & Admin	378.28	356.25	319.43	355.4	246.53
Other Operating Expenses	-6.06	-9.04	-6.25	-8.87	-2.96
Operating Expenses	507.33	461.91	404.87	372.85	256.24
Operating Income	630.69	509.28	470.67	322.23	146.75
Interest Expense	-298.29	-184.17	-148.12	-	-32.5
Interest & Investment Income	132.96	82.62	81.5	-	26.93
Currency Exchange Gain (Loss)	-16.49	-46.65	-8.68	-	-
Other Non Operating Income (Expenses)	-23.88	26.2	-1.87	-11.9	-
EBT Excluding Unusual Items	424.99	387.28	393.5	310.33	141.19
Gain (Loss) on Sale of Assets	-6.61	-0.55	-	-	-
Asset Writedown	-1.49	-0.64	-1.44	-	-
Pretax Income	416.89	386.09	392.06	310.33	141.19
Income Tax Expense	115.63	100.9	113.84	93.88	38.88
Earnings From Continuing Operations	301.26	285.19	278.21	216.45	102.31
Minority Interest in Earnings	-0.42	-0.3	-0.28	0.06	0.18
Net Income	300.85	284.89	277.93	216.51	102.49
Net Income to Common	300.85	284.89	277.93	216.51	102.49
Net Income Growth	5.60%	2.50%	28.37%	111.26%	-
Shares Outstanding (Basic)	226	235	241	208	209
Shares Outstanding (Diluted)	241	240	246	208	209
Shares Change (YoY)	0.40%	-2.34%	17.93%	-0.46%	-11.88%
EPS (Basic)	1.33	1.21	1.15	1.04	0.49
EPS (Diluted)	1.25	1.19	1.13	1.04	0.49
EPS Growth	5.18%	4.96%	8.85%	112.24%	-
Free Cash Flow	253.58	-99.33	-168.97	83.24	98.17
Free Cash Flow Per Share	1.05	-0.41	-0.69	0.40	0.47
Dividend Per Share	0.464	0.479	0.293	0.209	0.240
Dividend Growth	-3.08%	63.36%	40.22%	-12.95%	-
Gross Margin	61.92%	61.65%	63.55%	63.65%	54.60%
Operating Margin	34.32%	32.33%	34.16%	29.51%	19.88%
Profit Margin	16.37%	18.08%	20.17%	19.82%	13.88%
Free Cash Flow Margin	13.80%	-6.30%	-12.26%	7.62%	13.30%
EBITDA	848.01	696.18	650.88	489.85	291.59
EBITDA Margin	46.14%	44.19%	47.24%	44.85%	39.51%
D&A For EBITDA	217.32	186.9	180.22	167.61	144.84
EBIT	630.69	509.28	470.67	322.23	146.75
EBIT Margin	34.32%	32.33%	34.16%	29.51%	19.88%
Effective Tax Rate	27.73%	26.13%	29.04%	30.25%	27.54%

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