BVMF:QUAL3 Income Statement

Financials in millions BRL. Fiscal year is January - December.

Millions BRL. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,485	1,580	1,750	1,951	2,097	2,026
Revenue Growth (YoY)	-6.07%	-9.68%	-10.33%	-6.92%	3.48%	1.23%
Cost of Revenue	206.78	266.32	368.96	444.22	425.87	362.18
Gross Profit	1,278	1,314	1,381	1,507	1,671	1,664
Selling, General & Admin	694.13	802.18	939.03	928.78	895.5	815.87
Other Operating Expenses	262	201.25	181.94	211.23	135.76	238.67
Operating Expenses	1,106	1,129	1,263	1,140	1,031	1,055
Operating Income	172.12	185.35	118	367.18	639.43	609.23
Interest Expense	-272.02	-282.19	-340.47	-711.15	-228.41	-109.51
Interest & Investment Income	139.63	148.97	144.93	495.6	145.97	52.57
Earnings From Equity Investments	-	-	-0.51	-4.89	-2.64	-
Other Non Operating Income (Expenses)	-41.9	-50.91	-33.59	-	-	-
EBT Excluding Unusual Items	-2.17	1.22	-111.63	146.73	554.35	552.29
Pretax Income	-2.17	1.22	-111.63	146.73	554.35	552.29
Income Tax Expense	-10.93	-13.84	-36.25	45.25	177.05	157.1
Earnings From Continuing Operations	8.77	15.06	-75.38	101.48	377.31	395.19
Minority Interest in Earnings	-7	-8.48	-7.06	-8.66	-11.49	-3.09
Net Income	9.76	6.58	-82.44	92.82	365.81	392.1
Net Income to Common	9.76	6.58	-82.44	92.82	365.81	392.1
Net Income Growth	-	-	-	-74.63%	-6.71%	5.35%
Shares Outstanding (Basic)	283	281	279	278	278	284
Shares Outstanding (Diluted)	284	282	279	279	278	284
Shares Change (YoY)	1.17%	1.13%	0.23%	0.26%	-2.20%	1.03%
EPS (Basic)	0.03	0.02	-0.30	0.33	1.32	1.38
EPS (Diluted)	0.03	0.02	-0.30	0.33	1.32	1.38
EPS Growth	-	-	-	-74.69%	-4.61%	4.28%
Free Cash Flow	228.28	370.37	493.68	521.95	785.49	845.31
Free Cash Flow Per Share	0.80	1.31	1.77	1.87	2.83	2.98
Dividend Per Share	0.006	0.006	0.079	0.079	0.318	-
Dividend Growth	-92.98%	-92.98%	-0.12%	-75.08%	-	-
Gross Margin	86.08%	83.15%	78.92%	77.24%	79.69%	82.12%
Operating Margin	11.59%	11.73%	6.74%	18.82%	30.50%	30.07%
Profit Margin	0.66%	0.42%	-4.71%	4.76%	17.45%	19.35%
Free Cash Flow Margin	15.37%	23.43%	28.21%	26.75%	37.47%	41.72%
EBITDA	231.92	277.41	577.2	782.6	1,002	976.71
EBITDA Margin	15.62%	17.55%	32.98%	40.10%	47.81%	48.21%
D&A For EBITDA	59.8	92.06	459.2	415.42	362.84	367.48
EBIT	172.12	185.35	118	367.18	639.43	609.23
EBIT Margin	11.59%	11.73%	6.74%	18.82%	30.50%	30.07%
Effective Tax Rate	-	-	-	30.84%	31.94%	28.44%
Advertising Expenses	-	12.21	20.86	-	-	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.