| EARNINGS PER SHARE |
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Accounting policy:
Earnings per share, both basic and diluted, are a financial indicator that shows a company's net income per common share outstanding.
a) Basic Earnings per Share
Basic earnings per share are calculated by dividing the income attributable to the Company's shareholders by the weighted average number of common shares outstanding during the year, excluding common shares purchased by the Company and held as treasury shares.
b) Diluted Earnings per Share
Diluted earnings per share are calculated by dividing the income attributable to the holders of common capital of the parent company by the weighted average number of common shares outstanding during the year plus the weighted average number of common shares that would be issued upon conversion of all potentially dilutive common shares into common shares. |
The following table presents the calculation of earnings per share (in thousands of reais, except for amounts per share):
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Basic and diluted - Continued operation |
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12/31/2024 |
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12/31/2023 |
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12/31/2022 |
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Profit (loss) attributable to holders of common shares of Company used in calculating basic earnings per share |
(9,608,882 |
) |
|
1,078,737 |
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1,158,852 |
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Diluting effect of the share-based plan of subsidiaries |
— |
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|
(814 |
) |
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(1,739 |
) |
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Profit (loss) attributable to holders of common shares of Company used in the calculation of diluted earnings per share |
(9,608,882 |
) |
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1,077,923 |
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1,157,113 |
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Weighted average number of common shares outstanding - basic (in thousands of shares) |
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Basic |
1,862,704 |
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1,867,005 |
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1,869,077 |
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Dilutive effect of the share-based plan |
— |
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7,341 |
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5,503 |
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Share repurchases |
(257 |
) |
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— |
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— |
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Diluted |
1,862,447 |
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1,874,346 |
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1,874,580 |
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Earnings (losses) per share |
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Basic |
(R$5.16 |
) |
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R$0.58 |
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R$0.62 |
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Diluted |
(R$5.16 |
) |
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R$0.58 |
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R$0.62 |
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Basic and diluted - Discontinued operation |
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12/31/2024 |
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12/31/2023 |
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12/31/2022 |
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Net income attributable to holders of common shares of Company used in calculating basic earnings per share |
185,087 |
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15,654 |
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17,180 |
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Weighted average number of common shares outstanding - basic (in thousands of shares) |
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Basic |
1,862,704 |
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1,867,005 |
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1,869,077 |
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Dilutive effect of the share-based plan |
7,354 |
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7,341 |
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5,503 |
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Diluted |
1,870,058 |
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1,874,346 |
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1,874,580 |
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Earnings per share |
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Basic |
R$0.10 |
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R$0.01 |
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R$0.01 |
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Diluted |
R$0.10 |
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R$0.01 |
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R$0.01 |
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Diluting instruments
In the fiscal year ended December 31, 2024, 256,753 shares related to the Company's share repurchase plan were considered in the analysis of diluted earnings per share, as they increase the loss per share.
Anti-dilution instruments
In the year ended December 31, 2024, 7,353,624 (12,269,677 as of December 31, 2023 and 61,540,876 as of December 31, 2022) shares related to the Company's share based payment plan were considered in the earnings per share analysis, but did not affect calculations, as they increase earnings per share.
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