BVMF:SMFT3 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	7,242	5,580	4,245	2,930	1,707
Revenue Growth (YoY)	29.77%	31.46%	44.85%	71.69%	35.87%
Cost of Revenue	4,165	3,267	2,534	2,018	1,593
Gross Profit	3,077	2,313	1,711	912.02	113.84
Selling, General & Admin	1,368	1,026	813.14	640.34	461.94
Other Operating Expenses	16.11	23.85	-148.22	12.84	-3.55
Operating Expenses	1,384	1,050	664.93	653.18	458.39
Operating Income	1,693	1,263	1,046	258.85	-344.55
Interest Expense	-1,321	-1,028	-823.77	-697.78	-472.16
Interest & Investment Income	380.03	291.85	363.4	353.26	113.92
Earnings From Equity Investments	5.02	0.85	-1.09	6.57	-15
Currency Exchange Gain (Loss)	8.25	-9.24	0.82	-8.23	-29.25
Other Non Operating Income (Expenses)	-20.37	-21.84	-13.74	5.02	92.25
EBT Excluding Unusual Items	744.43	496.33	571.59	-82.32	-654.79
Pretax Income	744.43	496.33	571.59	-82.32	-654.79
Income Tax Expense	103.9	55.76	-472.59	3.74	-21.77
Earnings From Continuing Operations	640.53	440.58	1,044	-86.05	-633.02
Minority Interest in Earnings	-1.85	-4.14	-7.62	-3.38	-1.56
Net Income	638.69	436.44	1,037	-89.43	-634.58
Net Income to Common	638.69	436.44	1,037	-89.43	-634.58
Net Income Growth	46.34%	-57.89%	-	-	-
Shares Outstanding (Basic)	595	586	586	586	525
Shares Outstanding (Diluted)	616	607	609	586	525
Shares Change (YoY)	1.49%	-0.44%	3.93%	11.65%	18.63%
EPS (Basic)	1.07	0.74	1.77	-0.15	-1.21
EPS (Diluted)	1.04	0.72	1.70	-0.15	-1.21
EPS Growth	44.20%	-57.71%	-	-	-
Free Cash Flow	-230.23	-443.63	-11.27	-470.73	-442.37
Free Cash Flow Per Share	-0.37	-0.73	-0.02	-0.80	-0.84
Dividend Per Share	-	0.593	0.454	-	-
Dividend Growth	-	30.74%	-	-	-
Gross Margin	42.49%	41.45%	40.31%	31.12%	6.67%
Operating Margin	23.38%	22.63%	24.64%	8.83%	-20.19%
Profit Margin	8.82%	7.82%	24.42%	-3.05%	-37.18%
Free Cash Flow Margin	-3.18%	-7.95%	-0.27%	-16.06%	-25.92%
EBITDA	2,627	1,996	1,627	694.24	57.34
EBITDA Margin	36.27%	35.77%	38.33%	23.69%	3.36%
D&A For EBITDA	933.89	733.04	581.16	435.39	401.89
EBIT	1,693	1,263	1,046	258.85	-344.55
EBIT Margin	23.38%	22.63%	24.64%	8.83%	-20.19%
Effective Tax Rate	13.96%	11.23%	-	-	-

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