Localiza Rent a Car S.A. (BVMF:RENT3)

Localiza Rent a Car Income Statement

Financials in millions BRL. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	39,576	37,272	28,902	17,784	10,901	10,308
Revenue Growth (YoY)	20.05%	28.96%	62.52%	63.13%	5.76%	1.10%
Cost of Revenue	29,797	29,888	22,194	12,319	7,055	7,817
Gross Profit	9,778	7,384	6,708	5,464	3,846	2,490
Selling, General & Admin	3,139	2,948	2,373	2,119	1,475	1,097
Other Operating Expenses	-1,856	-1,714	-1,717	-1,184	-852.62	-408.82
Operating Expenses	1,283	1,234	656.03	934.86	622.08	688.42
Operating Income	8,495	6,150	6,052	4,529	3,224	1,802
Interest Expense	-5,588	-5,348	-5,120	-2,995	-698.17	-511.62
Interest & Investment Income	1,465	1,447	1,119	845.44	263.74	106.56
Earnings From Equity Investments	-	-	-0.43	0.09	-	-
Currency Exchange Gain (Loss)	-104.17	-57.55	-50.21	-1.22	0.35	-
Other Non Operating Income (Expenses)	-71.8	-72.85	-61.63	-88.86	108.65	-9.91
EBT Excluding Unusual Items	4,197	2,119	1,939	2,290	2,899	1,387
Gain (Loss) on Sale of Investments	91.54	92.44	88.72	128.7	-	-
Asset Writedown	-344.57	-344.57	-153.26	-	-	-
Other Unusual Items	-	-	-	-	4.48	40.56
Pretax Income	3,944	1,867	1,874	2,419	2,903	1,427
Income Tax Expense	1,621	53.23	71.11	577.72	859.45	379.14
Earnings From Continuing Operations	2,323	1,813	1,803	1,841	2,044	1,048
Minority Interest in Earnings	2.11	0.32	2.48	3.1	-	-
Net Income	2,325	1,814	1,806	1,844	2,044	1,048
Net Income to Common	2,325	1,814	1,806	1,844	2,044	1,048
Net Income Growth	51.48%	0.45%	-2.10%	-9.76%	94.97%	25.69%
Shares Outstanding (Basic)	1,055	1,058	1,019	865	752	752
Shares Outstanding (Diluted)	1,067	1,071	1,026	871	757	754
Shares Change (YoY)	-0.11%	4.40%	17.76%	15.08%	0.42%	0.39%
EPS (Basic)	2.21	1.71	1.77	2.13	2.72	1.39
EPS (Diluted)	2.18	1.69	1.76	2.12	2.70	1.39
EPS Growth	51.64%	-3.79%	-16.86%	-21.58%	94.15%	25.20%
Free Cash Flow	5,727	327.08	-10,201	-9,431	-3,510	384.55
Free Cash Flow Per Share	5.37	0.30	-9.95	-10.83	-4.64	0.51
Dividend Per Share	1.767	1.586	1.508	1.043	0.689	0.372
Dividend Growth	14.20%	5.17%	44.61%	51.25%	85.52%	-3.62%
Gross Margin	24.71%	19.81%	23.21%	30.73%	35.28%	24.16%
Operating Margin	21.47%	16.50%	20.94%	25.47%	29.58%	17.48%
Profit Margin	5.88%	4.87%	6.25%	10.37%	18.75%	10.17%
Free Cash Flow Margin	14.47%	0.88%	-35.29%	-53.03%	-32.20%	3.73%
EBITDA	8,678	6,323	6,178	4,644	3,279	1,841
EBITDA Margin	21.93%	16.97%	21.38%	26.11%	30.08%	17.86%
D&A For EBITDA	182.5	173.62	125.9	114.85	54.74	39.37
EBIT	8,495	6,150	6,052	4,529	3,224	1,802
EBIT Margin	21.47%	16.50%	20.94%	25.47%	29.58%	17.48%
Effective Tax Rate	41.09%	2.85%	3.79%	23.88%	29.60%	26.56%
Advertising Expenses	-	238.7	192.56	154.68	112.62	65.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.