Ownership Structure

Shareholders Number of Shares Percentage
Controlling Shareholders 533,325,317 38.80%
Statutory director’s shares* 2,084,248 0.15%
Treasury shares 1,074,663 0.08%
Free float 838,073,429 60.97%
Total Shares 1,374,557,657 100.00%
Dynamo** 121,485,385 8.84%
Aikya***
70,225,444 5.11%
Pzena****
73,812,600 5.37%
Others (excluding shareholders +5%) 572,550,000 41.65%

Base: August 31, 2025

*Board of Directors + Statutory directors

**Dynamo Administração de Recursos Ltda / Dynamo Internacional Gestão de Recursos Ltda

***Aikya Investment Management Limited

****Pzena Investment Management, LLC