Ownership Structure

Shareholders Number of Shares Percentage
Controlling Shareholders 533.356.048 38.80%
Statutory director’s shares* 2.142.679 0.16%
Treasury shares 595.958 0.04%
Free float 838.462.972 61.00%
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%) 572.939.543 41.68%

Base: December 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