PicS N.V. 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
Operating Revenue	1,814	1,524	1,060	833.32	226.28	83.2
Other Revenue	7,236	4,046	2,399	2,102	918.43	306.35
Revenue	9,050	5,570	3,459	2,935	1,145	389.56
Revenue Growth (YoY)	161.67%	61.05%	17.83%	156.42%	193.85%	355.19%
Cost of Revenue	615.8	493.68	438.54	520.87	572.23	185.04
Gross Profit	8,434	5,076	3,020	2,414	572.48	204.52
Selling, General & Admin	1,969	1,655	1,327	1,568	1,748	774.88
Research & Development	494.75	508.6	312.1	299.44	-	-
Other Operating Expenses	3.19	3.55	1.81	0.53	-	-
Operating Expenses	5,090	3,347	1,825	1,942	1,748	774.88
Operating Income	3,345	1,729	1,195	472.4	-1,176	-570.37
Interest Expense	-2,642	-1,399	-1,144	-1,148	-445.39	-70.55
Other Non Operating Income (Expenses)	-286.32	15.01	-49.53	-23.06	-279.26	-57.28
EBT Excluding Unusual Items	415.86	345.97	1.67	-698.89	-1,901	-698.2
Other Unusual Items	19.53	-	-	-	-	-105.5
Pretax Income	413.34	345.97	1.67	-698.89	-1,901	-803.7
Income Tax Expense	19.76	94.18	-35.69	-5.99	-0.39	-
Earnings From Continuing Operations	393.58	251.79	37.36	-692.9	-1,900	-803.7
Minority Interest in Earnings	-56.48	-34.21	-2.83	647.21	342.17	-
Net Income	337.1	217.57	34.52	-45.69	-1,558	-803.7
Net Income to Common	337.1	217.57	34.52	-45.69	-1,558	-803.7
Net Income Growth	876.45%	530.23%	-	-	-	-
Shares Outstanding (Basic)	-	-	34	18	-	0
Shares Outstanding (Diluted)	-	-	34	18	-	0
Shares Change (YoY)	-	-	93.42%	-	-	196.75%
EPS (Basic)	-	-	1.01	-2.59	-	-8481.24
EPS (Diluted)	-	-	1.01	-2.59	-	-8481.24
Free Cash Flow	1,442	2,233	1,562	7,334	-2,531	-404.41
Free Cash Flow Per Share	-	-	45.74	415.37	-	-4267.68
Gross Margin	93.20%	91.14%	87.32%	82.25%	50.01%	52.50%
Operating Margin	36.96%	31.05%	34.56%	16.09%	-102.72%	-146.41%
Profit Margin	3.72%	3.91%	1.00%	-1.56%	-136.10%	-206.31%
Free Cash Flow Margin	15.93%	40.09%	45.17%	249.87%	-221.09%	-103.81%
EBITDA	3,372	1,743	1,206	482.38	-1,168	-562.73
EBITDA Margin	37.26%	31.29%	34.86%	16.43%	-102.00%	-144.45%
D&A For EBITDA	27.62	13.52	10.3	9.98	8.29	7.64
EBIT	3,345	1,729	1,195	472.4	-1,176	-570.37
EBIT Margin	36.96%	31.05%	34.56%	16.09%	-102.72%	-146.41%
Effective Tax Rate	4.78%	27.22%	-	-	-	-
Revenue as Reported	9,050	5,570	3,459	2,935	1,145	389.56
Advertising Expenses	-	127.61	103.76	107.79	759.57	305.52

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

SEC Filings: 10-K · 10-Q