Ownership Structure

Shareholders Number of Shares Percentage
Controlling Shareholders 533,356,048 38.80%
Statutory director’s shares* 2,099,168 0.15%
Treasury shares 720,458 0.05%
Free float 838,381,983 60.99%
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%) 572,858,554 41.68%

Base: October 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