BVMF:PNVL3 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	5,512	4,942	4,461	3,990	3,225
Revenue Growth (YoY)	11.53%	10.79%	11.79%	23.72%	14.41%
Cost of Revenue	3,728	3,364	3,079	2,745	2,231
Gross Profit	1,785	1,578	1,382	1,245	994.64
Selling, General & Admin	1,548	1,368	1,210	1,099	907.41
Other Operating Expenses	-18.43	12.91	9.53	8	-15.56
Operating Expenses	1,530	1,381	1,220	1,107	891.85
Operating Income	254.69	197.33	161.89	137.84	102.78
Interest Expense	-170.5	-103.97	-102.57	-70.03	-37.12
Interest & Investment Income	-	30.99	34.39	18.18	16.63
Other Non Operating Income (Expenses)	61.35	-9.73	-6.81	-7.01	2.2
EBT Excluding Unusual Items	145.54	114.62	86.9	78.99	84.49
Gain (Loss) on Sale of Assets	-	-4.03	-2.26	-2.07	-2.74
Other Unusual Items	-	1.97	6.95	1.51	1.49
Pretax Income	145.54	112.56	91.58	78.43	83.24
Income Tax Expense	20.94	7.06	-1.32	-7.92	3.81
Net Income	124.61	105.51	92.91	86.35	79.43
Net Income to Common	124.61	105.51	92.91	86.35	79.43
Net Income Growth	18.10%	13.57%	7.60%	8.71%	41.45%
Shares Outstanding (Basic)	148	149	149	149	150
Shares Outstanding (Diluted)	150	150	150	149	150
Shares Change (YoY)	-0.14%	0.42%	0.38%	-0.30%	-1.27%
EPS (Basic)	0.84	0.71	0.62	0.58	0.53
EPS (Diluted)	0.83	0.70	0.62	0.58	0.53
EPS Growth	18.57%	12.90%	6.90%	9.24%	43.27%
Free Cash Flow	350.95	101.73	182.2	56.18	21.13
Free Cash Flow Per Share	2.34	0.68	1.22	0.38	0.14
Dividend Per Share	-	-	0.252	-	0.175
Dividend Growth	-	-	-	-	28.37%
Gross Margin	32.37%	31.94%	30.97%	31.20%	30.84%
Operating Margin	4.62%	3.99%	3.63%	3.45%	3.19%
Profit Margin	2.26%	2.14%	2.08%	2.16%	2.46%
Free Cash Flow Margin	6.37%	2.06%	4.08%	1.41%	0.66%
EBITDA	487.23	367.87	362.04	322.41	260.56
EBITDA Margin	8.84%	7.44%	8.12%	8.08%	8.08%
D&A For EBITDA	232.54	170.54	200.15	184.57	157.77
EBIT	254.69	197.33	161.89	137.84	102.78
EBIT Margin	4.62%	3.99%	3.63%	3.45%	3.19%
Effective Tax Rate	14.38%	6.27%	-	-	4.58%
Revenue as Reported	5,512	4,942	4,461	3,990	3,225
Advertising Expenses	-	33.16	29.34	26.21	19.88

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.