v3.26.1
Consolidated Statements of Cash Flows - BRL (R$)
R$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flow from operating activities      
Loss before income tax R$ (96,399) R$ (68,706) R$ (244,304)
Adjustments for:      
Depreciation and amortization 19,558 19,850 18,715
Treasury stock (27)
Share-based payment expense 51 913 6,255
Adjustment in provision for risks (10,212) (4,188) (1,395)
Interest on loans, financing and debentures 12,541 13,689 15,117
Interest on lease liabilities 303 227 316
Amendment to lease liability (217)
Allowance for expected credit loss (526) 47 440
Write-offs accounts receivable 953
Impairment of goodwill 14,553 18,341 11,373
Loss on disposal of assets 147 55 1,589
Deferred and contingent consideration adjustment 44,258 53,091 40,535
Employee bonus provision 660 660 2,001
Fair value of derivative warrant liabilities 1,812 3,199 (14,507)
Listing expense 176,282
Fair value of subscription rights (2,941)
Write-off due to disposal of subsidiary 35,854
Decrease (increase) in operating assets:      
Trade accounts receivable 4,357 (757) (2,519)
Other assets (4,785) 876 (32,230)
Increase (decrease) in operating liabilities:      
Accounts payable to suppliers (4,387) 14,151 38,956
Salaries and labor charges 1,391 876 (1,118)
Taxes and fees 5,536 (1,360) 2,534
Deferred revenue 186 593 (675)
Other liabilities 68 (77) (2,727)
Income taxes paid (16,893) (12,899) (9,624)
Net cash from operating activities 8,046 38,581 2,809
Cash flow from investing activities      
Cash payments to acquire property and equipment (1,058) (1,829) (3,570)
Cash payments to acquire intangibles (6,052) (14,231) (8,648)
Acquisition of subsidiaries – net of cash acquired (1,771)
Net cash used in investing activities (8,881) (16,060) (12,218)
Financing activities      
Payment of principal loans and financing (38,883) (17,937) (9,451)
Interest paid (6,028) (8,332) (14,784)
Payment of principal portion of lease liabilities (1,084) (1,102) (1,053)
Proceeds from debentures, loans, and financing 27,091 9,058 18,617
Capital increase 85,741 13,832 29,060
Proceeds on issuance of subscription rights
Distributions paid to non-controlling interest (18,835) (3,420) (5,093)
Proceeds from investors and related party loans
Payment of deferred and contingent consideration on acquisitions (45,535) (7,985) (4,504)
Net cash (used in) from financing activities 2,467 (15,884) 12,792
Exchange rate changes on cash and cash equivalents of foreign subsidiaries (6,216)
Net increase (decrease) in cash and cash equivalents (4,584) 6,637 3,383
Cash and cash equivalents at the beginning of the year 18,035 11,398 8,015
Cash and cash equivalents at the end of the year 13,451 18,035 11,398
Net increase (decrease) in cash and cash equivalents R$ (4,584) R$ 6,637 R$ 3,383