BVMF:WEST3 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	149.28	167.74	196.57	256.8	307.81	245.25
Revenue Growth (YoY)	-16.54%	-14.67%	-23.45%	-16.57%	25.51%	87.35%
Cost of Revenue	89.36	100.67	118.52	148.55	189.61	134.61
Gross Profit	59.92	67.07	78.05	108.25	118.2	110.65
Selling, General & Admin	100.75	119.45	159.02	192.51	209.07	110.59
Other Operating Expenses	-11.7	-12.47	-9.88	-	-	-
Operating Expenses	89.05	106.98	149.14	192.51	209.07	110.59
Operating Income	-29.13	-39.91	-71.09	-84.27	-90.87	0.06
Interest Expense	-1.34	-2.02	-3.43	-4.51	-6.4	-6.45
Interest & Investment Income	14.53	13.63	18.14	18.88	12.81	0.16
Currency Exchange Gain (Loss)	-0.35	-0.35	-0.1	-0.06	-0.07	-3.42
Other Non Operating Income (Expenses)	4.48	2.45	1.73	2.99	0.75	3.49
EBT Excluding Unusual Items	-11.81	-26.2	-54.75	-66.97	-83.78	-6.17
Legal Settlements	-	-	-	1.65	11.68	-
Pretax Income	-11.81	-26.2	-54.75	-65.32	-72.1	-6.17
Income Tax Expense	-0.35	-0.64	-1.02	-11.05	-11.44	-17.87
Net Income	-11.46	-25.56	-53.74	-54.27	-60.66	11.7
Net Income to Common	-11.46	-25.56	-53.74	-54.27	-60.66	11.7
Shares Outstanding (Basic)	11	11	11	11	11	7
Shares Outstanding (Diluted)	11	11	11	11	11	7
Shares Change (YoY)	2.31%	0.41%	0.29%	0.18%	49.98%	3.11%
EPS (Basic)	-1.03	-2.30	-4.86	-4.92	-5.51	1.64
EPS (Diluted)	-1.03	-2.30	-4.86	-4.92	-5.51	1.59
Free Cash Flow	-12.3	-1.52	-0.63	-85.79	-159.08	29.04
Free Cash Flow Per Share	-1.10	-0.14	-0.06	-7.78	-14.45	3.96
Gross Margin	40.14%	39.98%	39.71%	42.15%	38.40%	45.12%
Operating Margin	-19.51%	-23.79%	-36.16%	-32.81%	-29.52%	0.03%
Profit Margin	-7.68%	-15.24%	-27.34%	-21.13%	-19.71%	4.77%
Free Cash Flow Margin	-8.24%	-0.91%	-0.32%	-33.41%	-51.68%	11.84%
EBITDA	-33.29	-32.19	-61.37	-75.6	-87.75	1.28
EBITDA Margin	-22.30%	-19.19%	-31.22%	-29.44%	-28.51%	0.52%
D&A For EBITDA	-4.16	7.72	9.72	8.67	3.12	1.22
EBIT	-29.13	-39.91	-71.09	-84.27	-90.87	0.06
EBIT Margin	-19.51%	-23.79%	-36.16%	-32.81%	-29.52%	0.03%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.