TOTVS S.A. (TTVSY)

TOTVS Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	5,752	5,224	4,440	3,793	2,977
Revenue Growth (YoY)	10.11%	17.65%	17.07%	27.40%	14.69%
Cost of Revenue	1,557	1,594	1,304	1,145	918.85
Gross Profit	4,195	3,630	3,136	2,648	2,058
Selling, General & Admin	1,705	1,726	1,491	1,274	975.34
Research & Development	951.7	945.25	844.76	719.81	559.36
Other Operating Expenses	-5.4	53.66	66.01	-4.57	-8.24
Operating Expenses	3,052	2,785	2,438	1,989	1,526
Operating Income	1,144	845.32	697.5	658.27	532.01
Interest Expense	-80.8	-206.33	-237.3	-239.22	-86.95
Interest & Investment Income	-	263.99	329.95	345.88	85.81
Earnings From Equity Investments	11.4	-1.57	3.2	-0.44	-0.53
Currency Exchange Gain (Loss)	-	2.91	-0.27	1.25	-0.15
Other Non Operating Income (Expenses)	-32.5	-109.89	-109.79	-87.39	-52.91
EBT Excluding Unusual Items	1,042	794.43	683.29	678.34	477.28
Merger & Restructuring Charges	-	-3.06	-	-	-
Gain (Loss) on Sale of Investments	-	-11.01	-	-4.69	1.16
Gain (Loss) on Sale of Assets	-	24.94	-	-	-
Other Unusual Items	-	22.65	-	-12.06	1.09
Pretax Income	1,042	827.94	683.29	661.6	479.53
Income Tax Expense	200.3	91.42	146.62	141.2	84.81
Earnings From Continuing Operations	841.7	736.53	536.67	520.39	394.72
Earnings From Discontinued Operations	79	-1.09	227.77	2.91	-20.68
Net Income to Company	920.7	735.44	764.44	523.3	374.04
Minority Interest in Earnings	-29	-17.93	-29.62	-25.17	-5.55
Net Income	891.7	717.51	734.82	498.14	368.49
Net Income to Common	891.7	717.51	734.82	498.14	368.49
Net Income Growth	24.28%	-2.35%	47.51%	35.18%	24.93%
Shares Outstanding (Basic)	588	595	604	607	580
Shares Outstanding (Diluted)	588	605	613	616	588
Shares Change (YoY)	-2.86%	-1.35%	-0.39%	4.76%	2.22%
EPS (Basic)	1.52	1.21	1.22	0.82	0.64
EPS (Diluted)	1.52	1.19	1.20	0.81	0.63
EPS Growth	27.93%	-1.02%	48.09%	29.04%	22.22%
Free Cash Flow	1,043	994.74	828.85	814.62	481
Free Cash Flow Per Share	1.77	1.64	1.35	1.32	0.82
Dividend Per Share	-	0.450	0.440	0.310	0.220
Dividend Growth	-	2.27%	41.94%	40.91%	-15.38%
Gross Margin	72.94%	69.48%	70.62%	69.80%	69.14%
Operating Margin	19.89%	16.18%	15.71%	17.36%	17.87%
Profit Margin	15.50%	13.73%	16.55%	13.13%	12.38%
Free Cash Flow Margin	18.12%	19.04%	18.67%	21.48%	16.16%
EBITDA	1,485	1,017	832.03	773.4	624.32
EBITDA Margin	25.82%	19.46%	18.74%	20.39%	20.97%
D&A For EBITDA	341.1	171.44	134.53	115.14	92.31
EBIT	1,144	845.32	697.5	658.27	532.01
EBIT Margin	19.89%	16.18%	15.71%	17.36%	17.87%
Effective Tax Rate	19.22%	11.04%	21.46%	21.34%	17.69%
Revenue as Reported	5,752	-	-	-	-

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