FRA:U1S1 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	26,263	25,870	27,638	32,471	33,737
Revenue Growth (YoY)	1.52%	-6.40%	-14.88%	-3.75%	109.70%
Cost of Revenue	24,080	24,210	25,844	26,791	22,463
Gross Profit	2,184	1,660	1,794	5,680	11,274
Selling, General & Admin	1,267	1,071	1,134	1,218	1,074
Other Operating Expenses	324.15	349.59	-7.61	2,016	-1,071
Operating Expenses	1,591	1,421	1,127	3,234	2.65
Operating Income	593.17	239.32	667.68	2,445	11,272
Interest Expense	-911.36	-682.7	-691.05	-	-
Interest & Investment Income	754.38	640.91	712.06	612.49	845.82
Earnings From Equity Investments	301.05	295.86	269	220.93	218.79
Currency Exchange Gain (Loss)	138.11	-544.16	232.35	-	-
Other Non Operating Income (Expenses)	-136.32	-182.83	68.82	-	-
EBT Excluding Unusual Items	739.02	-233.61	1,259	3,279	12,336
Gain (Loss) on Sale of Assets	49.44	1.27	11.66	-	-
Asset Writedown	-2,214	3.62	3.53	-	-
Legal Settlements	-54.8	133.14	-108.22	-	-
Pretax Income	-1,481	-95.58	1,166	3,279	12,336
Income Tax Expense	1,429	-98.95	-474.54	1,186	2,276
Earnings From Continuing Operations	-2,910	3.36	1,640	2,093	10,060
Minority Interest in Earnings	-168.16	-149.31	-249.44	-477.35	-989.43
Net Income	-3,078	-145.95	1,391	1,616	9,071
Net Income to Common	-3,078	-145.95	1,391	1,616	9,071
Net Income Growth	-	-	-13.90%	-82.19%	1248.19%
Shares Outstanding (Basic)	1,231	1,231	1,231	1,231	1,231
Shares Outstanding (Diluted)	1,231	1,231	1,231	1,231	1,231
Shares Change (YoY)	-	-	-	0.02%	0.06%
EPS (Basic)	-2.50	-0.12	1.13	1.31	7.37
EPS (Diluted)	-2.50	-0.12	1.13	1.31	7.37
EPS Growth	-	-	-13.90%	-82.19%	1247.46%
Free Cash Flow	1,129	65.29	1,638	-1,030	3,924
Free Cash Flow Per Share	0.92	0.05	1.33	-0.84	3.19
Dividend Per Share	-	-	0.283	0.329	-
Dividend Growth	-	-	-13.90%	-	-
Gross Margin	8.31%	6.42%	6.49%	17.49%	33.42%
Operating Margin	2.26%	0.92%	2.42%	7.53%	33.41%
Profit Margin	-11.72%	-0.56%	5.03%	4.98%	26.89%
Free Cash Flow Margin	4.30%	0.25%	5.93%	-3.17%	11.63%
EBITDA	1,786	1,387	1,652	3,348	12,254
EBITDA Margin	6.80%	5.36%	5.98%	10.31%	36.32%
D&A For EBITDA	1,193	1,148	983.89	902.68	982.74
EBIT	593.17	239.32	667.68	2,445	11,272
EBIT Margin	2.26%	0.92%	2.42%	7.53%	33.41%
Effective Tax Rate	-	-	-	36.17%	18.45%

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