v3.26.1
Earnings per share
12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Earnings per share

 

33.Earnings per share

 

(a)       Basic

 

Basic earnings per share are calculated by dividing net income attributable to Company’s shareholders by the weighted average number of shares issued during the year, excluding treasury shares.

 

         
  2025   2024   2023
           
Net income attributable to the Company’s shareholders 4,311,984   3,153,881   2,837,422
           
Weighted average number of shares outstanding (thousands) 2,413,569   2,419,831   2,420,710
           
Basic earnings per share (in R$) 1.79   1.30   1.17

 

 

(b)       Diluted

 

Diluted earnings per share are calculated by adjusting the weighted average amount of shares outstanding, excluding treasury shares, to assume the conversion of all potential dilutive shares.

 

         
  2025   2024   2023
           
Net income attributable to the Company’s shareholders 4,311,984   3,153,881   2,837,422
           
Weighted average number of shares outstanding (thousands) 2,414,316   2,420,199   2,420,758
           
Diluted earnings per share (in R$) 1.79   1.30   1.17

 

 

The calculation of diluted earnings per share considered 747 (368 thousand in 2024 and 47 thousand in 2023) shares related to the long-term, as mentioned in Note 26.

 

The reverse stock split operation described in Note 24 did not impact the calculation of basic and diluted earnings per share, as there was no change in the weighted average number of shares outstanding.