EcoRodovias (B3: ECOR3) financial statements
The consolidated income statement, balance sheet and cash flow statement of EcoRodovias for its last 10 fiscal years, as filed with the regulator, in millions of Brazilian reais. At the end of fiscal 2025 it had BRL 37,100m in total assets and BRL 4,103m in equity.
Income statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | BRL 11,521m | BRL 9,872m | BRL 8,845m | BRL 6,061m | BRL 4,652m | BRL 4,000m | BRL 3,953m | BRL 3,169m | BRL 3,201m | BRL 2,829m |
| Cost of sales | BRL 7,056m | BRL 5,963m | BRL 5,590m | BRL 4,135m | BRL 2,812m | BRL 2,357m | BRL 2,449m | BRL 1,780m | BRL 1,643m | BRL 1,545m |
| Gross profit | BRL 4,465m | BRL 3,909m | BRL 3,255m | BRL 1,927m | BRL 1,840m | BRL 1,643m | BRL 1,504m | BRL 1,389m | BRL 1,558m | BRL 1,284m |
| Operating profit | BRL 4,282m | BRL 3,522m | BRL 2,783m | BRL 1,542m | BRL 1,568m | BRL 865.7m | BRL 795.7m | BRL 1,184m | BRL 1,212m | BRL 774.5m |
| Profit before tax | BRL 1,793m | BRL 1,720m | BRL 1,281m | BRL 510.3m | BRL 652.5m | BRL 79.1m | BRL 95.6m | BRL 723.6m | BRL 756.2m | BRL 220.1m |
| Income tax | BRL 925.7m | BRL 806.8m | BRL 684.1m | BRL 268.9m | BRL 285.2m | BRL 497.1m | BRL 280.9m | BRL 322.9m | BRL 336.3m | BRL 479.9m |
| Net profit | BRL 885.9m | BRL 904.1m | BRL 569.6m | BRL 245.7m | BRL 372.0m | −BRL 424.0m | −BRL 185.5m | BRL 374.5m | BRL 392.5m | −BRL 964.6m |
Balance sheet
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | BRL 37,100m | BRL 29,296m | BRL 25,960m | BRL 18,109m | BRL 16,394m | BRL 11,094m | BRL 11,542m | BRL 10,021m | BRL 7,816m | BRL 6,603m |
| Current assets | BRL 5,828m | BRL 4,726m | BRL 5,186m | BRL 2,066m | BRL 2,594m | BRL 1,750m | BRL 2,327m | BRL 3,089m | BRL 2,139m | BRL 1,151m |
| Cash | BRL 1,186m | BRL 2,338m | BRL 3,524m | BRL 1,379m | BRL 2,070m | BRL 1,342m | BRL 1,856m | BRL 2,650m | BRL 1,608m | BRL 589.5m |
| Total liabilities | BRL 32,726m | BRL 25,606m | BRL 22,974m | BRL 15,590m | BRL 14,064m | BRL 11,037m | BRL 11,087m | BRL 9,381m | BRL 7,059m | BRL 6,031m |
| Current liabilities | BRL 3,842m | BRL 7,055m | BRL 5,279m | BRL 3,300m | BRL 4,081m | BRL 2,519m | BRL 4,008m | BRL 2,008m | BRL 1,760m | BRL 1,657m |
| Equity | BRL 4,103m | BRL 3,427m | BRL 2,738m | BRL 2,304m | BRL 2,120m | BRL 56.2m | BRL 455.4m | BRL 640.3m | BRL 658.6m | BRL 500.0m |
| Equity including minorities | BRL 4,374m | BRL 3,691m | BRL 2,986m | BRL 2,519m | BRL 2,330m | BRL 56.2m | BRL 455.4m | BRL 640.3m | BRL 756.6m | BRL 572.5m |
| Minority interests | BRL 271.6m | BRL 263.2m | BRL 248.3m | BRL 215.0m | BRL 209.7m | BRL 0.0m | BRL 0.0m | BRL 0.0m | BRL 97.9m | BRL 72.6m |
Cash flow statement
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | BRL 4,809m | BRL 3,936m | BRL 3,551m | BRL 1,886m | BRL 1,873m | BRL 1,471m | BRL 1,404m | BRL 1,344m | BRL 1,286m | BRL 1,100m |
| Investing cash flow | −BRL 8,949m | −BRL 4,565m | −BRL 5,818m | −BRL 2,605m | −BRL 3,468m | −BRL 1,052m | −BRL 1,644m | −BRL 807.8m | −BRL 590.6m | −BRL 491.1m |
| Financing cash flow | BRL 2,989m | −BRL 557.4m | BRL 4,411m | BRL 28.0m | BRL 2,323m | −BRL 933.2m | −BRL 554.1m | BRL 506.5m | BRL 323.3m | −BRL 792.3m |
| Dividends paid | −BRL 214.7m | −BRL 135.3m | −BRL 58.4m | −BRL 5.3m | — | — | — | −BRL 401.8m | −BRL 235.0m | −BRL 146.5m |
Where each figure comes from
From the annual financial statements (DFP) that EcoRodovias files with the CVM, the Brazilian securities regulator. The filing for each fiscal year: 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2016. If an item is not tagged in the filing, it is not in the table. The summary of the last fiscal year is on the EcoRodovias page.
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Information prepared from the accounts the company files with the regulator, for information purposes only. It is not financial advice or a recommendation to buy or sell. Updated on 12 November 2026.