BRISANET SERVIÇOS DE TELECOMUNICAÇÕES S.A.

Income Statement Brisanet Serviços de Telecomunicações S.A.

Equities

BRST3

BRBRSTACNOR9

Integrated Telecommunications Services

End-of-day quote Sao Paulo Other stock markets 16/01/2026			5-day change	1st Jan Change
3.370 ^BRL	-0.59%		-3.99%	-0.59%

11-11	Brisanet Serviços de Telecomunicações S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
11/08/25	Brisanet Serviços de Telecomunicações S.A. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025	CI

c6014571eec7ca0e58f6026294f7aef.3shdWSthHvQmwGomfJFCDYILl-CmXTZitD7r1J0zC2w.q5IJA1sua59VsANeTKR3ZNVqzdSTPlMI7mqvl9oLQlmwoG0-RCdYm0m2Iw

Published financial data: BRISANET SERVIÇOS DE TELECOMUNICAÇÕES S.A.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2022	2023	2024
Revenues	144M	363M	960M	1.23B	1.43B
Total Revenues	144M	363M	960M	1.23B	1.43B
Cost of Goods Sold, Total	75.54M	194M	556M	654M	827M
Gross Profit	68.08M	169M	403M	573M	601M
Selling General & Admin Expenses, Total	40.29M	100M	226M	290M	417M
Other Operating Expenses	7.27M	17.72M	13.54M	16.18M	-10.12M
Other Operating Expenses, Total	47.56M	118M	240M	307M	407M
Operating Income	20.52M	50.52M	163M	267M	194M
Interest Expense, Total	-20.04M	-91.14M	-125M	-145M	-181M
Interest And Investment Income	6.88M	61.52M	66.19M	82.74M	87.46M
Net Interest Expenses	-13.16M	-29.62M	-58.84M	-62.45M	-93.73M
Currency Exchange Gains (Loss)	-	-	11.48M	948K	-19.75M
Other Non Operating Income (Expenses)	-	-	-12.09M	-16.36M	-463K
EBT, Excl. Unusual Items	7.36M	20.9M	104M	189M	80.07M
Legal Settlements	-	-	-1.27M	-9.8M	-1.11M
EBT, Incl. Unusual Items	7.36M	20.9M	103M	179M	78.96M
Income Tax Expense	2.04M	235K	35.22M	7.09M	18.16M
Earnings From Continuing Operations	5.32M	20.66M	67.53M	172M	60.79M
Net Income to Company	5.32M	20.66M	67.53M	172M	60.79M
Minority Interest	-	-	-	305K	-4K
Net Income - (IS)	5.32M	20.66M	67.53M	172M	60.79M
Net Income to Common Incl Extra Items	5.32M	20.66M	67.53M	172M	60.79M
Net Income to Common Excl. Extra Items	5.32M	20.66M	67.53M	172M	60.79M
Per Share Items
Net EPS - Basic	-	-	0.05	0.13	0.14
Basic EPS - Continuing Operations	-	-	0.05	0.13	0.14
Basic Weighted Average Shares Outstanding	-	-	1.31B	1.33B	438M
Net EPS - Diluted	-	-	0.05	0.13	0.14
Diluted EPS - Continuing Operations	-	-	0.05	0.13	0.14
Diluted Weighted Average Shares Outstanding	-	-	1.31B	1.33B	438M
Normalized Basic EPS	-	-	0.05	0.09	0.11
Normalized Diluted EPS	-	-	0.05	0.09	0.11
Dividend Per Share	-	-	-	-	0.04
Payout Ratio	-	-	-	11.37	106.16
Supplemental Items
EBITDA	48.31M	121M	346M	522M	534M
EBITA	20.52M	50.52M	163M	267M	194M
EBIT	20.52M	50.52M	163M	267M	194M
EBITDAR	-	-	417M	607M	627M
Effective Tax Rate - (Ratio)	27.66	1.12	34.28	3.95	23
Total Current Taxes	-	-	26.65M	31.3M	18.34M
Total Deferred Taxes	-	-	13.96M	-14.08M	-175K
Normalized Net Income	4.6M	13.06M	65.01M	118M	50.04M
Interest on Long-Term Debt	-	-	3.94M	5.76M	11M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	-	36.42M
Selling and Marketing Expenses	13.89M	30.02M	120M	177M	229M
General and Administrative Expenses	26.4M	70.44M	106M	113M	188M
Net Rental Expense, Total	-	-	71.17M	84.75M	93.24M
Imputed Operating Lease Interest Expense	-	-	-	76.48M	83.69M
Imputed Operating Lease Depreciation	-	-	-	8.27M	9.55M

Fiscal Period: December	2019	2020	2022	2023	2024
Assets
Cash And Equivalents	29.2M	111M	201M	323M	239M
Short Term Investments	2.83M	6.74M	392M	181M	379M
Total Cash And Short Term Investments	32.02M	118M	593M	504M	618M
Accounts Receivable, Total	40.38M	70.01M	137M	163M	183M
Other Receivables	7.56M	17.22M	38.18M	35.04M	42.33M
Total Receivables	47.94M	87.23M	175M	198M	226M
Inventory	771K	526K	5.45M	8.79M	10.93M
Prepaid Expenses	141K	1.38M	1.4M	1.96M	14.1M
Other Current Assets, Total	3.35M	16.22M	2.6M	7.93M	8.4M
Total Current Assets	84.22M	223M	777M	721M	877M
Gross Property Plant And Equipment	-	-	-	2.71B	3.71B
Accumulated Depreciation	-	-	-	-622M	-963M
Net Property Plant And Equipment	253M	627M	1.76B	2.09B	2.75B
Long-term Investments	-	6.48M	-	-	-
Other Intangibles, Total	1.64M	5.66M	306M	313M	307M
Accounts Receivable Long-Term	-	-	-	204K	5.76M
Loans Receivable Long-Term	-	-	-	-	-
Deferred Tax Assets Long-Term	2.15M	1.95M	-	8.37M	10.73M
Other Long-Term Assets, Total	16.15M	43.24M	214M	61.66M	73.52M
Total Assets	357M	907M	3.06B	3.2B	4.03B
Liabilities
Accounts Payable, Total	26.23M	137M	66M	95.69M	181M
Accrued Expenses, Total	10.08M	26.33M	67.96M	78.41M	110M
Short-term Borrowings	-	-	72.35M	-	-
Current Portion of Long-Term Debt	85.07M	224M	173M	115M	424M
Current Portion of Leases	2.25M	5.51M	14.23M	14.61M	31.97M
Current Income Taxes Payable	8.58M	12.74M	4.99M	2.02M	4.96M
Other Current Liabilities	688K	5.09M	53.73M	32.38M	31.18M
Total Current Liabilities	133M	411M	452M	338M	783M
Long-Term Debt	160M	374M	1.04B	1.09B	1.47B
Long-Term Leases	7.43M	27.8M	24.63M	31.93M	57.88M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	-	-	5.71M	-	-
Other Non Current Liabilities	14.57M	21.26M	171M	199M	197M
Total Liabilities	315M	834M	1.7B	1.66B	2.51B
Common Stock, Total	55.22M	65.58M	1.31B	1.34B	1.37B
Retained Earnings	-13.24M	7.95M	8.25M	71.82M	43.44M
Comprehensive Income and Other	520K	-	41.49M	121M	102M
Total Common Equity	42.5M	73.53M	1.36B	1.54B	1.52B
Minority Interest	-	-	-	3.55M	3.55M
Total Equity	42.5M	73.53M	1.36B	1.54B	1.52B
Total Liabilities And Equity	357M	907M	3.06B	3.2B	4.03B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	1.31B	1.37B	438M
ECS Total Common Shares Outstanding	-	-	1.31B	1.37B	438M
Book Value / Share	-	-	1.04	1.12	3.46
Tangible Book Value	40.86M	67.87M	1.06B	1.22B	1.21B
Tangible Book Value Per Share	-	-	0.8	0.89	2.76
Total Debt	254M	632M	1.33B	1.25B	1.98B
Net Debt	222M	514M	733M	744M	1.36B
Debt Equivalent Oper. Leases	-	-	569M	678M	746M
Minority Interest, Total (Incl. Fin. Div)	-	-	-	3.55M	3.55M
Account Code - Inventory Valuation	-	3	-	3	3
Land - (BS)	-	-	-	30.73M	41.61M
Buildings, Total	-	-	-	3.92M	66.29M
Machinery, Total	-	-	-	1.32B	1.86B
Full Time Employees	-	-	-	8K	9K
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	3.13M	-	-

Fiscal Period: December	2019	2020	2022	2023	2024
Net Income	5.32M	20.66M	67.53M	172M	60.79M
Depreciation & Amortization - CF	27.78M	70.28M	226M	303M	393M
Depreciation & Amortization, Total	27.78M	70.28M	226M	303M	393M
Amortization of Deferred Charges, Total - (CF)	-	-	28.07M	23.45M	18.84M
(Gain) Loss From Sale Of Asset	9.58M	197K	185K	12.81M	4.78M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Asset Writedown & Restructuring Costs	-	-	7.83M	-	9.24M
Provision for Credit Losses	-	-	-	-	-
Provision and Write-off of Bad Debts	1.54M	8.7M	30.08M	66.46M	73.74M
Other Operating Activities, Total	570K	1.55M	35.33M	-22.87M	-16.82M
Change In Accounts Receivable	-26.95M	-38.33M	-48.94M	-67.48M	-99.4M
Change In Inventories	-603K	245K	-1.74M	-3.34M	-2.13M
Change In Accounts Payable	16.43M	110M	-120M	29.69M	80.59M
Change In Income Taxes	-5M	-15.27M	3.4M	49.47M	513K
Change in Other Net Operating Assets	3.98M	9.42M	20.03M	-31.8M	-8.08M
Cash from Operations	32.65M	168M	247M	532M	515M
Capital Expenditure	-161M	-400M	-825M	-398M	-931M
Sale of Property, Plant, and Equipment	-	-	-	16.8M	26.67M
Sale (Purchase) of Intangible assets	-1.46M	-4.99M	-28.34M	-65.9M	-63.67M
Investment in Marketable and Equity Securities, Total	-496K	-10.44M	-282M	221M	-131M
Other Investing Activities, Total	168K	-7.58M	11.98M	66K	-
Cash from Investing	-163M	-424M	-1.12B	-226M	-1.1B
Short Term Debt Issued, Total	40.81M	37.25M	-	-	-
Long-Term Debt Issued, Total	176M	456M	329M	96.62M	724M
Total Debt Issued	217M	493M	329M	96.62M	724M
Short Term Debt Repaid, Total	-57.62M	-31.02M	-6M	-64M	-
Long-Term Debt Repaid, Total	-54.19M	-135M	-286M	-201M	-160M
Total Debt Repaid	-112M	-166M	-292M	-265M	-160M
Issuance of Common Stock	49.64M	10.36M	-	-	25K
Repurchase of Common Stock	-	-	-	-	-4K
Common Dividends Paid	-	-	-	-19.6M	-64.53M
Common & Preferred Stock Dividends Paid	-	-	-	-19.6M	-64.53M
Other Financing Activities, Total	-	-	71.18M	4.95M	-
Cash from Financing	155M	337M	109M	-183M	499M
Net Change in Cash	24.57M	81.86M	-768M	122M	-84.42M
Supplemental Items
Cash Interest Paid	13.7M	23.5M	87.16M	121M	100M
Cash Income Tax Paid (Refund)	214K	1.04M	4.84M	10.75M	4.53M
Levered Free Cash Flow	-138M	-278M	-	-78.3M	-498M
Unlevered Free Cash Flow	-126M	-221M	-	12.45M	-385M
Change In Net Working Capital	4.15M	-82.15M	-	16.47M	-76.24M
Net Debt Issued / Repaid	105M	327M	37.44M	-169M	563M

Fiscal Period: December	2019	2020	2022	2023	2024
Profitability
Return on Assets	5.01	4.99	-	5.34	3.36
Return on Total Capital	6.33	6.3	-	6.09	3.86
Return On Equity %	35.45	35.62	-	11.87	3.97
Return on Common Equity	35.45	35.62	-	11.91	3.98
Margin Analysis
Gross Profit Margin %	47.4	46.47	42.04	46.7	42.1
SG&A Margin	28.05	27.68	23.59	23.65	29.22
EBITDA Margin %	33.63	33.28	36.01	42.52	37.38
EBITA Margin %	14.29	13.92	17.04	21.74	13.59
EBIT Margin %	14.29	13.92	17.04	21.74	13.59
Income From Continuing Operations Margin %	3.71	5.69	7.04	14.02	4.26
Net Income Margin %	3.71	5.69	7.04	14.05	4.26
Net Avail. For Common Margin %	3.71	5.69	7.04	14.05	4.26
Normalized Net Income Margin	3.2	3.6	6.78	9.65	3.5
Levered Free Cash Flow Margin	-96.36	-76.71	-	-6.38	-34.91
Unlevered Free Cash Flow Margin	-87.64	-61.01	-	1.01	-26.98
Asset Turnover
Asset Turnover	0.56	0.57	-	0.39	0.4
Fixed Assets Turnover	0.78	0.83	-	0.64	0.59
Receivables Turnover (Average Receivables)	5.19	6.58	-	8.19	8.25
Inventory Turnover (Average Inventory)	160.9	299.61	-	91.89	83.84
Short Term Liquidity
Current Ratio	0.63	0.54	1.72	2.13	1.12
Quick Ratio	0.6	0.5	1.7	2.08	1.08
Operating Cash Flow to Current Liabilities	0.25	0.41	0.55	1.57	0.66
Days Sales Outstanding (Average Receivables)	70.33	55.65	-	44.59	44.39
Days Outstanding Inventory (Average Inventory)	2.27	1.22	-	3.97	4.37
Average Days Payable Outstanding	86.34	153.66	-	44.86	61.68
Cash Conversion Cycle (Average Days)	-13.75	-96.79	-	3.7	-12.93
Long Term Solvency
Total Debt/Equity	598.5	859.26	97.43	81.07	130.3
Total Debt / Total Capital	85.68	89.58	49.35	44.77	56.58
LT Debt/Equity	393.04	546.52	78.36	72.66	100.33
Long-Term Debt / Total Capital	56.27	56.97	39.69	40.12	43.57
Total Liabilities / Total Assets	88.1	91.9	55.47	51.82	62.23
EBIT / Interest Expense	1.02	0.55	1.31	1.84	1.07
EBITDA / Interest Expense	2.41	1.33	3.11	3.92	3.24
(EBITDA - Capex) / Interest Expense	-5.62	-3.07	-3.49	1.18	-1.9
Total Debt / EBITDA	5.27	5.23	3.41	2.19	3.37
Net Debt / EBITDA	4.6	4.26	1.88	1.31	2.32
Total Debt / (EBITDA - Capex)	-2.26	-2.26	-3.04	7.28	-5.76
Net Debt / (EBITDA - Capex)	-1.98	-1.84	-1.68	4.34	-3.97
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	84.58	152.74	-	27.97	16.28
Gross Profit, 1 Yr. Growth %	125.12	147.79	-	42.18	4.82
EBITDA, 1 Yr. Growth %	97.16	150.07	-	51.12	2.22
EBITA, 1 Yr. Growth %	312.69	146.19	-	63.3	-27.32
EBIT, 1 Yr. Growth %	312.69	146.19	-	63.3	-27.32
Earnings From Cont. Operations, 1 Yr. Growth %	-208.23	288.08	-	154.99	-64.69
Net Income, 1 Yr. Growth %	-208.23	288.08	-	155.44	-64.76
Normalized Net Income, 1 Yr. Growth %	-200.38	183.93	-	82.24	-57.77
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	151.32	-67.66
Accounts Receivable, 1 Yr. Growth %	169.79	73.38	-	19.13	12.33
Inventory, 1 Yr. Growth %	358.93	-31.78	-	61.39	24.27
Net Property, Plant and Equip., 1 Yr. Growth %	114.75	147.97	-	18.88	31.6
Total Assets, 1 Yr. Growth %	129.91	154.19	-	4.55	26
Tangible Book Value, 1 Yr. Growth %	-422.59	66.09	-	15.87	-1.07
Common Equity, 1 Yr. Growth %	-441.07	73.01	-	12.87	-1.23
Cash From Operations, 1 Yr. Growth %	27.77	414.4	-	114.82	-3.09
Capital Expenditures, 1 Yr. Growth %	102.51	148.93	-	-51.74	133.8
Levered Free Cash Flow, 1 Yr. Growth %	105.6	101.18	-	-	536.59
Unlevered Free Cash Flow, 1 Yr. Growth %	119.54	75.95	-	-	-3.19K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	105.69	115.99	62.58	-	21.99
Gross Profit, 2 Yr. CAGR %	298.51	136.18	54.63	-	22.08
EBITDA, 2 Yr. CAGR %	235.17	122.04	69.12	-	13.3
EBITA, 2 Yr. CAGR %	18	218.75	79.87	-	9.37
EBIT, 2 Yr. CAGR %	18	218.75	79.87	-	9.37
Earnings From Cont. Operations, 2 Yr. CAGR %	-43.66	104.94	80.77	-	-5.12
Net Income, 2 Yr. CAGR %	-43.66	104.94	80.77	-	-5.12
Normalized Net Income, 2 Yr. CAGR %	-33.76	68.82	123.09	-	-11.73
Diluted EPS Before Extra, 2 Yr. CAGR %	-	-	-	-	66.6
Accounts Receivable, 2 Yr. CAGR %	169.01	116.28	39.84	-	15.68
Inventory, 2 Yr. CAGR %	140.77	76.94	221.86	-	41.62
Net Property, Plant and Equip., 2 Yr. CAGR %	109.9	130.76	67.49	-	25.08
Total Assets, 2 Yr. CAGR %	89.11	141.75	83.52	-	14.78
Tangible Book Value, 2 Yr. CAGR %	26.06	131.47	294.34	-	7.07
Common Equity, 2 Yr. CAGR %	91.13	142.91	330.21	-	5.59
Cash From Operations, 2 Yr. CAGR %	276.92	156.37	21.39	-	44.29
Capital Expenditures, 2 Yr. CAGR %	74.52	124.52	43.54	-	6.22
Levered Free Cash Flow, 2 Yr. CAGR %	-	103.38	-	-	-
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	96.54	-	-	-
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	120.31	88.34	50.11	-
Gross Profit, 3 Yr. CAGR %	-	240.14	80.95	50.36	-
EBITDA, 3 Yr. CAGR %	-	203.99	92.67	62.89	-
EBITA, 3 Yr. CAGR %	-	50.78	99.71	74.17	-
EBIT, 3 Yr. CAGR %	-	50.78	99.71	74.17	-
Earnings From Cont. Operations, 3 Yr. CAGR %	-	7.19	133.2	102.73	-
Net Income, 3 Yr. CAGR %	-	7.19	133.2	102.85	-
Normalized Net Income, 3 Yr. CAGR %	-	7.6	141.77	108.55	-
Accounts Receivable, 3 Yr. CAGR %	-	132.37	50.23	32.57	-
Inventory, 3 Yr. CAGR %	-	58.14	91.91	155.7	-
Net Property, Plant and Equip., 3 Yr. CAGR %	-	121.89	90.89	49.4	-
Total Assets, 3 Yr. CAGR %	-	108.7	104.57	52.13	-
Tangible Book Value, 3 Yr. CAGR %	-	38.2	195.6	162.16	-
Common Equity, 3 Yr. CAGR %	-	84.89	217.55	175.41	-
Cash From Operations, 3 Yr. CAGR %	-	318.08	96.44	46.83	-
Capital Expenditures, 3 Yr. CAGR %	-	96.45	72.46	-0.19	-
Levered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-34.49	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	-	-	-	-61.7	-
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	95.1	73.63	59.12
Gross Profit, 5 Yr. CAGR %	-	-	148.14	80.13	56.31
EBITDA, 5 Yr. CAGR %	-	-	140.44	84.38	71.8
EBITA, 5 Yr. CAGR %	-	-	61.8	121.8	76.87
EBIT, 5 Yr. CAGR %	-	-	61.8	121.8	76.87
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	32.12	103.61	62.75
Net Income, 5 Yr. CAGR %	-	-	32.12	103.69	62.74
Normalized Net Income, 5 Yr. CAGR %	-	-	44.04	91.64	80.62
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-36.31	11.32
Accounts Receivable, 5 Yr. CAGR %	-	-	89.65	61.24	40.96
Inventory, 5 Yr. CAGR %	-	-	110.13	120.69	69.94
Net Property, Plant and Equip., 5 Yr. CAGR %	-	-	98.28	77.78	70.09
Total Assets, 5 Yr. CAGR %	-	-	98.24	83.1	63.5
Tangible Book Value, 5 Yr. CAGR %	-	-	110.21	149.43	131.17
Common Equity, 5 Yr. CAGR %	-	-	159.19	161.92	114.04
Cash From Operations, 5 Yr. CAGR %	-	-	154.94	83.5	92.35
Capital Expenditures, 5 Yr. CAGR %	-	-	73.28	38.04	44.33
Levered Free Cash Flow, 5 Yr. CAGR %	-	-	-	3.07	29.83
Unlevered Free Cash Flow, 5 Yr. CAGR %	-	-	-	-26.32	25.32