4Q25

4Q25

• 4Q25 Earnings Release:

  • Consolidated net revenue reached R$ 1,225 million, 19.5% growth compared to 2024
  • In Production Animals, net revenue reached R$ 901.2 million, 21.9% growth compared to 2024.
  • In Companion Animals, net revenue reached R$ 172.4 million, 10.4% growth compared to 2024.
  • Net revenue from International Operations reached R$ 151.4 million. 17.1% increase compared to 2024.
  • Gross profit grew 22.3% in 2025, reaching R$ 633.0 million, + 1.2 p.p. of gross margin.
  • Adjusted EBITDA amounted to R$ 282.5 million, with 27.4% increase versus 2024. Adjusted Net Income grew 32.1% to R$ 172.4 million.
  • Leverage at 0.85x EBITDA, with 89.3% of debt in the long term and an average cost at the end of the period of 8.23% p.a.