Below are the financial statements of Totvs, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of BRL | 2024 | 2023 |
|---|---|---|
| Net revenue | 5,224.01a | 4,440.44a |
| Cost of software | -1,594.15a | -1,304.45a |
| Gross profit | 3,629.86a | 3,135.99a |
| Operating income (expenses) | — | — |
| Research and development expenses | -945.25a | -844.76a |
| Selling and marketing expenses | -1,135.92a | -989.09a |
| Impairment loss on trade and other receivables | -59.36a | -36.39a |
| Administrative expenses | -593.41a | -502.23a |
| Other operating income/(expenses) | -17.08a | -66.01a |
| Operating profit | 878.84a | 697.5a |
| Finance income | 278.31a | 355.76a |
| Finance expenses | -327.63a | -373.17a |
| Share of profit/(loss) of equity-accounted investees | -1.57a | 3.2a |
| Profit before income and social contribution taxes | 827.94a | 683.29a |
| Income tax and social contribution - current | -191.79a | -171.07a |
| Income tax and social contribution - deferred | -100.37a | -24.45a |
| Total of income tax and social contribution taxes | -91.42a | -146.62a |
| Net profit from continuing operations | 736.53a | 536.67a |
| Net (loss)/profit from Techfin business unit (discontinued operation) | -1.09a | 227.77a |
| Net profit for the year | 735.44a | 764.44a |
| Net profit attributable to shareholders of the company | 717.51a | 734.82a |
| Net profit attributable to non-controlling | 17.93a | 29.62a |
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