Petroreconcavo 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	3,158	3,265	2,814	2,976	1,041
Revenue Growth (YoY)	-3.28%	16.00%	-5.43%	185.98%	32.08%
Cost of Revenue	2,136	2,073	1,917	1,534	667.85
Gross Profit	1,021	1,192	897.7	1,442	372.75
Selling, General & Admin	240	208.72	214.07	110.38	62.84
Other Operating Expenses	59.86	34.81	3.82	2.24	25.3
Operating Expenses	299.86	243.53	217.88	112.62	88.15
Operating Income	721.58	948.22	679.82	1,329	284.61
Interest Expense	-300.6	-174.27	-92.77	-114.29	-
Interest & Investment Income	55.25	50.55	65.95	180.69	-
Currency Exchange Gain (Loss)	297.82	-394.82	91.94	-	-
Other Non Operating Income (Expenses)	2.15	-66.28	-16.1	-	-50.99
EBT Excluding Unusual Items	776.19	363.41	728.83	1,395	233.62
Asset Writedown	-	-	-	-70.71	-
Pretax Income	776.19	363.41	728.83	1,325	233.62
Income Tax Expense	137.84	-74.09	19.89	171.21	56.72
Net Income	638.35	437.5	708.94	1,153	176.9
Net Income to Common	638.35	437.5	708.94	1,153	176.9
Net Income Growth	45.91%	-38.29%	-38.53%	552.00%	-
Shares Outstanding (Basic)	293	293	293	273	220
Shares Outstanding (Diluted)	293	293	293	273	222
Shares Change (YoY)	-0.08%	-0.01%	7.22%	23.45%	162.54%
EPS (Basic)	2.18	1.49	2.42	4.23	0.80
EPS (Diluted)	2.18	1.49	2.42	4.22	0.80
EPS Growth	46.03%	-38.29%	-42.67%	428.14%	-
Free Cash Flow	-134.91	1,034	25.36	278.53	-193.38
Free Cash Flow Per Share	-0.46	3.53	0.09	1.02	-0.87
Dividend Per Share	1.924	2.692	-	1.059	0.163
Dividend Growth	-28.52%	-	-	548.57%	-
Gross Margin	32.35%	36.51%	31.90%	48.44%	35.82%
Operating Margin	22.85%	29.05%	24.15%	44.66%	27.35%
Profit Margin	20.22%	13.40%	25.19%	38.76%	17.00%
Free Cash Flow Margin	-4.27%	31.66%	0.90%	9.36%	-18.58%
EBITDA	1,441	1,658	1,289	1,691	554.36
EBITDA Margin	45.62%	50.80%	45.80%	56.82%	53.27%
D&A For EBITDA	718.97	710.24	609.13	362.02	269.75
EBIT	721.58	948.22	679.82	1,329	284.61
EBIT Margin	22.85%	29.05%	24.15%	44.66%	27.35%
Effective Tax Rate	17.76%	-	2.73%	12.93%	24.28%

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