Vasta Platform 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	1,737	1,674	1,486	1,264	947.42	997.63
Revenue Growth (YoY)	13.60%	12.64%	17.56%	33.45%	-5.03%	0.80%
Cost of Revenue	679.03	653.45	570.91	473.14	396.83	378
Gross Profit	1,058	1,021	915.37	791.15	550.59	619.63
Selling, General & Admin	815.72	764.17	721.23	665.67	594.72	571.52
Other Operating Expenses	7.62	7.58	14.39	-1.02	-5.55	-4.28
Operating Expenses	876.37	824.75	791.39	710.55	621.89	592.25
Operating Income	182.02	196	123.98	80.59	-71.3	27.37
Interest Expense	-228.91	-212.08	-233.65	-207.57	-73.46	-85.21
Interest & Investment Income	236.32	231.51	40.16	54.95	26.72	16.91
Earnings From Equity Investments	-11.08	-12.3	-18.66	-4.51	-	-
Other Non Operating Income (Expenses)	28.4	25.46	17.12	23.74	-3.51	-16.83
EBT Excluding Unusual Items	206.75	228.59	-71.05	-52.8	-121.54	-57.76
Legal Settlements	105.66	78.5	-48.65	-52.89	-34.3	-13.3
Pretax Income	312.42	307.09	-119.71	-105.69	-155.84	-71.05
Income Tax Expense	-176.11	-179.26	-36.73	-51.11	-37.09	-25.4
Earnings From Continuing Operations	488.53	486.35	-82.98	-54.57	-118.75	-45.65
Minority Interest in Earnings	-0.25	0.13	-0.79	-	-	-
Net Income	488.28	486.49	-83.77	-54.57	-118.75	-45.65
Net Income to Common	488.28	486.49	-83.77	-54.57	-118.75	-45.65
Shares Outstanding (Basic)	78	80	82	82	82	83
Shares Outstanding (Diluted)	79	81	82	82	82	83
Shares Change (YoY)	-4.45%	-1.34%	-0.11%	0.23%	-0.91%	-
EPS (Basic)	6.29	6.07	-1.02	-0.66	-1.44	-0.55
EPS (Diluted)	6.21	5.99	-1.02	-0.66	-1.44	-0.55
Free Cash Flow	268.78	143.1	197.32	113.7	-42.52	213.82
Free Cash Flow Per Share	3.42	1.76	2.40	1.38	-0.52	2.58
Gross Margin	60.92%	60.97%	61.59%	62.58%	58.12%	62.11%
Operating Margin	10.48%	11.71%	8.34%	6.38%	-7.53%	2.74%
Profit Margin	28.10%	29.06%	-5.64%	-4.32%	-12.53%	-4.58%
Free Cash Flow Margin	15.47%	8.55%	13.28%	8.99%	-4.49%	21.43%
EBITDA	362.22	386.14	305.91	349.31	139.86	201.46
EBITDA Margin	20.85%	23.06%	20.58%	27.63%	14.76%	20.19%
D&A For EBITDA	180.2	190.14	181.93	268.71	211.16	174.09
EBIT	182.02	196	123.98	80.59	-71.3	27.37
EBIT Margin	10.48%	11.71%	8.34%	6.38%	-7.53%	2.74%
Revenue as Reported	1,737	1,674	1,486	1,264	947.42	997.63
Advertising Expenses	-	96.43	68.19	68.71	77.66	88.97

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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