BVMF:MSPA3 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	177.09	163.12	176.28	200.97	144.17
Revenue Growth (YoY)	8.56%	-7.46%	-12.28%	39.39%	43.38%
Cost of Revenue	115.21	104.71	101.31	130.41	107.34
Gross Profit	61.88	58.41	74.97	70.56	36.83
Selling, General & Admin	78.92	78.7	86.84	83.41	66.5
Other Operating Expenses	9.53	-45.8	-33.25	-16.47	2.21
Operating Expenses	88.45	32.9	53.59	66.94	68.7
Operating Income	-26.57	25.51	21.38	3.62	-31.87
Interest Expense	-20.06	-13.23	-12.14	-12.35	-8.85
Interest & Investment Income	2.13	5.2	4.31	7.13	7.33
Earnings From Equity Investments	-0.36	0.7	6.53	0.06	0.32
Currency Exchange Gain (Loss)	-3.51	-6.51	-4.58	0.76	-2.46
Other Non Operating Income (Expenses)	-0.21	-1.84	-3.81	-8.46	-2.42
EBT Excluding Unusual Items	-48.58	9.84	11.69	-9.24	-37.95
Gain (Loss) on Sale of Investments	-	-	4.61	-	-
Gain (Loss) on Sale of Assets	13.82	8.42	2.78	0.43	1.32
Pretax Income	-34.76	18.25	19.08	-8.8	-36.63
Income Tax Expense	-2.06	14.94	11.2	-10.32	-4.11
Net Income	-32.7	3.31	7.88	1.51	-32.51
Net Income to Common	-32.7	3.31	7.88	1.51	-32.51
Net Income Growth	-	-57.96%	421.03%	-	-
Shares Outstanding (Basic)	6	6	6	6	6
Shares Outstanding (Diluted)	6	6	6	6	6
Shares Change (YoY)	-	0.10%	-	-	-0.09%
EPS (Basic)	-5.11	0.52	1.23	0.24	-5.08
EPS (Diluted)	-5.11	0.52	1.23	0.24	-5.08
EPS Growth	-	-58.00%	421.03%	-	-
Free Cash Flow	-22.79	-7.58	42.77	40.7	-50.98
Free Cash Flow Per Share	-3.56	-1.18	6.68	6.36	-7.97
Dividend Per Share	-	0.121	-	0.055	-
Gross Margin	34.94%	35.81%	42.53%	35.11%	25.55%
Operating Margin	-15.00%	15.64%	12.13%	1.80%	-22.11%
Profit Margin	-18.47%	2.03%	4.47%	0.75%	-22.55%
Free Cash Flow Margin	-12.87%	-4.65%	24.27%	20.25%	-35.36%
EBITDA	-0.77	41.54	54.31	30.39	-5.45
EBITDA Margin	-0.43%	25.46%	30.81%	15.12%	-3.78%
D&A For EBITDA	25.81	16.02	32.93	26.78	26.42
EBIT	-26.57	25.51	21.38	3.62	-31.87
EBIT Margin	-15.00%	15.64%	12.13%	1.80%	-22.11%
Effective Tax Rate	-	81.85%	58.70%	-	-

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