BVMF:QUAL3 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	1,427	1,542	1,750	1,951	2,097
Revenue Growth (YoY)	-7.46%	-11.88%	-10.33%	-6.92%	3.48%
Cost of Revenue	183.6	254.24	368.96	444.22	425.87
Gross Profit	1,243	1,288	1,381	1,507	1,671
Selling, General & Admin	655.7	795.92	939.03	928.78	895.5
Other Operating Expenses	192.71	194.47	181.94	211.23	135.76
Operating Expenses	963.28	1,090	1,263	1,140	1,031
Operating Income	279.98	198.04	118	367.18	639.43
Interest Expense	-257.26	-260.51	-	-711.15	-228.41
Interest & Investment Income	123.45	119.46	-	495.6	145.97
Earnings From Equity Investments	-	-	-0.51	-4.89	-2.64
Other Non Operating Income (Expenses)	-39.52	-44.96	-229.12	-	-
EBT Excluding Unusual Items	106.65	12.03	-111.63	146.73	554.35
Pretax Income	106.65	12.03	-111.63	146.73	554.35
Income Tax Expense	102.8	-6.79	-36.25	45.25	177.05
Earnings From Continuing Operations	3.85	18.82	-75.38	101.48	377.31
Earnings From Discontinued Operations	13.2	-3.76	-	-	-
Net Income to Company	17.05	15.06	-75.38	101.48	377.31
Minority Interest in Earnings	-6.38	-8.48	-7.06	-8.66	-11.49
Net Income	10.67	6.58	-82.44	92.82	365.81
Net Income to Common	10.67	6.58	-82.44	92.82	365.81
Net Income Growth	62.11%	-	-	-74.63%	-6.71%
Shares Outstanding (Basic)	283	281	279	278	278
Shares Outstanding (Diluted)	284	282	279	279	278
Shares Change (YoY)	0.73%	1.13%	0.23%	0.26%	-2.20%
EPS (Basic)	0.04	0.02	-0.30	0.33	1.32
EPS (Diluted)	0.04	0.02	-0.30	0.33	1.32
EPS Growth	61.72%	-	-	-74.69%	-4.61%
Free Cash Flow	284.21	370.37	493.68	521.95	785.49
Free Cash Flow Per Share	1.00	1.31	1.77	1.87	2.83
Dividend Per Share	-	-	0.079	0.079	0.318
Dividend Growth	-	-	-0.12%	-75.08%	-
Gross Margin	87.13%	83.51%	78.92%	77.24%	79.69%
Operating Margin	19.62%	12.84%	6.74%	18.82%	30.50%
Profit Margin	0.75%	0.43%	-4.71%	4.76%	17.45%
Free Cash Flow Margin	19.92%	24.02%	28.21%	26.75%	37.47%
EBITDA	429.99	585.02	593.32	782.6	1,002
EBITDA Margin	30.14%	37.94%	33.91%	40.10%	47.81%
D&A For EBITDA	150.02	386.98	475.32	415.42	362.84
EBIT	279.98	198.04	118	367.18	639.43
EBIT Margin	19.62%	12.84%	6.74%	18.82%	30.50%
Effective Tax Rate	96.39%	-	-	30.84%	31.94%

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