PicS N.V. 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
Operating Revenue	1,891	1,524	1,060	833.32	226.28
Other Revenue	8,387	4,046	2,399	2,102	918.43
Revenue	10,278	5,570	3,459	2,935	1,145
Revenue Growth (YoY)	84.52%	61.05%	17.83%	156.42%	193.85%
Cost of Revenue	691.23	493.68	438.54	520.87	572.23
Gross Profit	9,587	5,076	3,020	2,414	572.48
Selling, General & Admin	2,362	1,655	1,327	1,568	1,748
Research & Development	502.69	508.6	312.1	299.44	-
Other Operating Expenses	-	3.55	1.81	0.53	-
Operating Expenses	5,836	3,347	1,825	1,942	1,748
Operating Income	3,750	1,729	1,195	472.4	-1,176
Interest Expense	-3,499	-1,399	-1,144	-1,148	-445.39
Other Non Operating Income (Expenses)	66.43	15.01	-49.53	-23.06	-279.26
EBT Excluding Unusual Items	317.34	345.97	1.67	-698.89	-1,901
Pretax Income	317.34	345.97	1.67	-698.89	-1,901
Income Tax Expense	-824.27	94.18	-35.69	-5.99	-0.39
Earnings From Continuing Operations	1,142	251.79	37.36	-692.9	-1,900
Minority Interest in Earnings	-50.12	-34.21	-2.83	647.21	342.17
Net Income	1,091	217.57	34.52	-45.69	-1,558
Net Income to Common	1,091	217.57	34.52	-45.69	-1,558
Net Income Growth	401.66%	530.23%	-	-	-
Shares Outstanding (Basic)	-	-	34	35	-
Shares Outstanding (Diluted)	-	-	34	35	-
Shares Change (YoY)	-	-	-3.29%	-	-
EPS (Basic)	-	-	1.01	-1.29	-
EPS (Diluted)	-	-	1.01	-1.29	-
Free Cash Flow	-3,807	2,233	1,562	7,334	-2,531
Free Cash Flow Per Share	-	-	45.74	207.69	-
Gross Margin	93.27%	91.14%	87.32%	82.25%	50.01%
Operating Margin	36.49%	31.05%	34.56%	16.09%	-102.72%
Profit Margin	10.62%	3.91%	1.00%	-1.56%	-136.10%
Free Cash Flow Margin	-37.04%	40.09%	45.17%	249.87%	-221.09%
EBITDA	4,193	1,743	1,206	482.38	-1,168
EBITDA Margin	40.80%	31.29%	34.86%	16.43%	-102.00%
D&A For EBITDA	442.76	13.52	10.3	9.98	8.29
EBIT	3,750	1,729	1,195	472.4	-1,176
EBIT Margin	36.49%	31.05%	34.56%	16.09%	-102.72%
Effective Tax Rate	-	27.22%	-	-	-
Revenue as Reported	10,278	5,570	3,459	2,935	1,145
Advertising Expenses	-	127.61	103.76	107.79	759.57

Updated Jan 20, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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