BVMF:VAMO3 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	5,756	4,699	3,549	4,913	2,823
Revenue Growth (YoY)	22.48%	32.42%	-27.77%	74.02%	86.59%
Cost of Revenue	2,738	1,694	1,184	2,821	1,790
Gross Profit	3,018	3,005	2,364	2,092	1,033
Selling, General & Admin	340.2	260.99	250.69	213.12	279.09
Other Operating Expenses	-25.86	-3.28	-	-24.81	-15.21
Operating Expenses	405.65	442.33	335.36	188.3	279.62
Operating Income	2,612	2,563	2,029	1,904	753.64
Interest Expense	-2,273	-1,780	-1,388	-	-283.21
Interest & Investment Income	528.96	309.24	161.35	-	109.41
Currency Exchange Gain (Loss)	139.42	-135.1	37.69	-	-
Other Non Operating Income (Expenses)	-573.84	-14.47	-291.75	-	-
Pretax Income	433.4	942.61	548.59	1,904	579.84
Income Tax Expense	104.7	217.68	51.04	112.36	177.46
Earnings From Continuing Operations	328.7	724.93	497.56	1,792	402.38
Earnings From Discontinued Operations	-	-343.96	89.4	-	-
Net Income	328.7	380.97	586.96	1,792	402.38
Net Income to Common	328.7	380.97	586.96	1,792	402.38
Net Income Growth	-13.72%	-35.09%	-67.24%	345.29%	124.55%
Shares Outstanding (Basic)	1,057	1,087	1,057	2,632	910
Shares Outstanding (Diluted)	1,057	1,087	1,057	2,632	910
Shares Change (YoY)	-2.83%	2.88%	-59.85%	189.21%	18.73%
EPS (Basic)	0.31	0.35	0.56	0.68	0.44
EPS (Diluted)	0.31	0.35	0.56	0.68	0.44
EPS Growth	-11.19%	-36.91%	-18.42%	53.97%	89.12%
Free Cash Flow	-914.46	-757.43	-3,242	-3,311	-4,919
Free Cash Flow Per Share	-0.86	-0.70	-3.07	-1.26	-5.41
Dividend Per Share	0.141	-	-	0.279	0.196
Dividend Growth	-	-	-	42.16%	-6.63%
Gross Margin	52.43%	63.95%	66.63%	42.59%	36.59%
Operating Margin	45.38%	54.54%	57.18%	38.75%	26.69%
Profit Margin	5.71%	8.11%	16.54%	36.47%	14.25%
Free Cash Flow Margin	-15.89%	-16.12%	-91.34%	-67.38%	-174.22%
EBITDA	3,626	3,275	2,576	2,226	1,050
EBITDA Margin	63.00%	69.69%	72.59%	45.30%	37.18%
D&A For EBITDA	1,014	711.91	547.12	321.96	296.11
EBIT	2,612	2,563	2,029	1,904	753.64
EBIT Margin	45.38%	54.54%	57.18%	38.75%	26.69%
Effective Tax Rate	24.16%	23.09%	9.30%	5.90%	30.61%
Advertising Expenses	9.21	12.04	8.69	-	-

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