Ipopema Securities SA
WSE:IPE
Income Statement
Earnings Waterfall
Ipopema Securities SA
Income Statement
Ipopema Securities SA
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
|
| Revenue |
72
N/A
|
83
+16%
|
97
+17%
|
102
+5%
|
101
-1%
|
106
+6%
|
106
0%
|
119
+12%
|
120
+1%
|
119
-1%
|
110
-7%
|
93
-15%
|
100
+7%
|
101
+1%
|
105
+4%
|
109
+3%
|
107
-2%
|
110
+3%
|
109
-1%
|
110
+1%
|
104
-5%
|
96
-8%
|
96
+0%
|
97
+0%
|
98
+1%
|
93
-6%
|
91
-2%
|
87
-4%
|
88
+2%
|
93
+6%
|
95
+2%
|
98
+3%
|
97
-1%
|
98
+1%
|
96
-3%
|
94
-1%
|
98
+4%
|
100
+2%
|
113
+13%
|
125
+11%
|
140
+12%
|
163
+17%
|
186
+14%
|
219
+17%
|
258
+18%
|
274
+6%
|
277
+1%
|
277
+0%
|
256
-7%
|
255
-1%
|
253
-1%
|
251
-1%
|
260
+4%
|
267
+3%
|
289
+8%
|
300
+4%
|
324
+8%
|
320
-1%
|
306
-4%
|
287
-6%
|
257
-10%
|
249
-3%
|
260
+4%
|
272
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(56)
|
(62)
|
(70)
|
(73)
|
(76)
|
(80)
|
(79)
|
(86)
|
(87)
|
(91)
|
(89)
|
(85)
|
(85)
|
(89)
|
(92)
|
(94)
|
(93)
|
(95)
|
(94)
|
(94)
|
(94)
|
(90)
|
(92)
|
(93)
|
(91)
|
(88)
|
(85)
|
(82)
|
(85)
|
(86)
|
(89)
|
(92)
|
(91)
|
(94)
|
(94)
|
(95)
|
(98)
|
(101)
|
(112)
|
(122)
|
(133)
|
(154)
|
(171)
|
(197)
|
(220)
|
(232)
|
(238)
|
(240)
|
(237)
|
(238)
|
(240)
|
(244)
|
(253)
|
(261)
|
(277)
|
(286)
|
(304)
|
(301)
|
(287)
|
(271)
|
(248)
|
(241)
|
(252)
|
(263)
|
|
| Selling, General & Administrative |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(44)
|
(10)
|
0
|
0
|
(43)
|
(11)
|
(20)
|
(30)
|
(47)
|
(44)
|
(44)
|
(44)
|
(44)
|
(42)
|
(42)
|
(44)
|
(44)
|
(44)
|
(43)
|
(42)
|
(46)
|
(46)
|
(47)
|
(49)
|
(44)
|
(46)
|
(47)
|
(48)
|
(48)
|
(48)
|
(49)
|
(50)
|
(50)
|
(54)
|
(56)
|
(45)
|
(75)
|
(106)
|
(107)
|
(123)
|
(69)
|
(68)
|
(69)
|
(70)
|
(74)
|
(76)
|
(78)
|
(79)
|
(88)
|
(88)
|
(90)
|
(91)
|
(85)
|
(85)
|
(90)
|
(93)
|
|
| Depreciation & Amortization |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(0)
|
0
|
0
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(4)
|
|
| Other Operating Expenses |
(56)
|
(62)
|
(70)
|
(73)
|
(76)
|
(80)
|
(79)
|
(86)
|
(42)
|
(81)
|
(89)
|
(85)
|
(40)
|
(78)
|
(71)
|
(62)
|
(44)
|
(49)
|
(47)
|
(48)
|
(47)
|
(46)
|
(47)
|
(47)
|
(44)
|
(42)
|
(39)
|
(37)
|
(36)
|
(38)
|
(39)
|
(41)
|
(44)
|
(45)
|
(44)
|
(45)
|
(48)
|
(50)
|
(60)
|
(68)
|
(79)
|
(95)
|
(110)
|
(147)
|
(139)
|
(121)
|
(125)
|
(111)
|
(162)
|
(165)
|
(166)
|
(168)
|
(173)
|
(179)
|
(193)
|
(202)
|
(210)
|
(208)
|
(193)
|
(176)
|
(158)
|
(151)
|
(157)
|
(165)
|
|
| Operating Income |
16
N/A
|
21
+31%
|
26
+24%
|
29
+8%
|
25
-14%
|
27
+8%
|
27
+1%
|
33
+24%
|
33
-1%
|
27
-17%
|
21
-24%
|
8
-61%
|
15
+86%
|
13
-15%
|
13
+4%
|
15
+13%
|
14
-5%
|
15
+9%
|
15
-1%
|
16
+4%
|
10
-35%
|
6
-42%
|
4
-27%
|
4
-14%
|
7
+94%
|
4
-43%
|
6
+36%
|
5
-13%
|
3
-29%
|
7
+100%
|
6
-6%
|
6
-14%
|
7
+20%
|
4
-34%
|
2
-53%
|
(1)
N/A
|
0
N/A
|
(0)
N/A
|
1
N/A
|
3
+396%
|
7
+127%
|
9
+39%
|
15
+64%
|
22
+43%
|
38
+74%
|
42
+9%
|
39
-6%
|
37
-5%
|
19
-48%
|
17
-13%
|
13
-25%
|
7
-44%
|
7
+3%
|
6
-15%
|
12
+94%
|
14
+15%
|
20
+46%
|
19
-3%
|
19
-2%
|
16
-15%
|
9
-41%
|
8
-15%
|
8
+3%
|
9
+13%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(4)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
(2)
|
(3)
|
(1)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(3)
|
(3)
|
(3)
|
(5)
|
(1)
|
(2)
|
(2)
|
(2)
|
(1)
|
(4)
|
(4)
|
(3)
|
(1)
|
0
|
(0)
|
(0)
|
(2)
|
(4)
|
(2)
|
(1)
|
(0)
|
4
|
5
|
4
|
3
|
5
|
5
|
5
|
3
|
3
|
4
|
4
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
(0)
|
1
|
(1)
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(2)
|
(2)
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
|
| Pre-Tax Income |
15
N/A
|
21
+40%
|
26
+24%
|
29
+8%
|
24
-18%
|
27
+14%
|
27
+1%
|
33
+24%
|
32
-4%
|
27
-14%
|
21
-24%
|
8
-61%
|
11
+38%
|
12
+8%
|
12
-2%
|
13
+12%
|
12
-7%
|
13
+8%
|
13
-1%
|
13
-3%
|
7
-44%
|
3
-54%
|
2
-32%
|
2
+9%
|
5
+125%
|
3
-51%
|
5
+70%
|
4
-22%
|
3
-13%
|
6
+90%
|
5
-15%
|
5
+4%
|
4
-29%
|
2
-54%
|
(1)
N/A
|
(5)
-361%
|
(2)
+55%
|
(2)
+5%
|
(1)
+60%
|
1
N/A
|
4
+311%
|
5
+23%
|
11
+106%
|
19
+70%
|
38
+104%
|
42
+10%
|
39
-7%
|
39
0%
|
16
-57%
|
13
-22%
|
11
-18%
|
6
-39%
|
8
+21%
|
10
+28%
|
16
+65%
|
18
+10%
|
24
+35%
|
24
-1%
|
24
-2%
|
21
-11%
|
14
-36%
|
11
-18%
|
12
+9%
|
14
+11%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(4)
|
(5)
|
(6)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(4)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
1
|
0
|
0
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(4)
|
(8)
|
(8)
|
(8)
|
(8)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(5)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
| Income from Continuing Operations |
12
|
17
|
21
|
23
|
18
|
21
|
21
|
27
|
26
|
23
|
18
|
7
|
10
|
10
|
9
|
11
|
9
|
10
|
10
|
10
|
5
|
2
|
1
|
2
|
4
|
2
|
4
|
3
|
2
|
5
|
4
|
4
|
2
|
1
|
(1)
|
(5)
|
(2)
|
(2)
|
(1)
|
1
|
4
|
4
|
9
|
15
|
30
|
33
|
30
|
31
|
13
|
10
|
8
|
5
|
6
|
8
|
13
|
14
|
19
|
19
|
19
|
16
|
10
|
8
|
9
|
11
|
|
| Income to Minority Interest |
0
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
| Net Income (Common) |
12
N/A
|
16
+39%
|
20
+22%
|
22
+8%
|
18
-16%
|
20
+13%
|
20
-1%
|
26
+29%
|
25
-6%
|
21
-13%
|
17
-20%
|
6
-65%
|
9
+52%
|
10
+5%
|
9
-11%
|
10
+12%
|
8
-12%
|
9
+6%
|
9
+6%
|
9
-6%
|
5
-48%
|
1
-76%
|
0
-72%
|
1
+310%
|
4
+217%
|
2
-51%
|
4
+90%
|
3
-27%
|
1
-45%
|
4
+166%
|
3
-22%
|
3
-1%
|
2
-45%
|
0
-84%
|
(2)
N/A
|
(6)
-153%
|
(3)
+47%
|
(3)
+0%
|
(2)
+46%
|
0
N/A
|
3
+8 322%
|
4
+21%
|
8
+119%
|
14
+74%
|
30
+105%
|
33
+11%
|
30
-7%
|
31
+0%
|
13
-57%
|
10
-24%
|
8
-24%
|
4
-45%
|
6
+34%
|
8
+35%
|
13
+69%
|
14
+9%
|
18
+30%
|
18
-2%
|
17
-2%
|
15
-12%
|
9
-40%
|
7
-19%
|
8
+12%
|
9
+12%
|
|
| EPS (Diluted) |
0.41
N/A
|
0.57
+39%
|
0.69
+21%
|
0.74
+7%
|
0.61
-18%
|
0.69
+13%
|
0.69
N/A
|
0.88
+28%
|
0.82
-7%
|
0.72
-12%
|
0.57
-21%
|
0.2
-65%
|
0.3
+50%
|
0.31
+3%
|
0.28
-10%
|
0.32
+14%
|
0.28
-12%
|
0.3
+7%
|
0.32
+7%
|
0.3
-6%
|
0.15
-50%
|
0.04
-73%
|
0.01
-75%
|
0.04
+300%
|
0.13
+225%
|
0.07
-46%
|
0.13
+86%
|
0.1
-23%
|
0.05
-50%
|
0.14
+180%
|
0.11
-21%
|
0.11
N/A
|
0.06
-45%
|
0.01
-83%
|
-0.08
N/A
|
-0.19
-138%
|
-0.1
+47%
|
-0.09
+10%
|
-0.05
+44%
|
0.01
N/A
|
0.1
+900%
|
0.13
+30%
|
0.28
+115%
|
0.48
+71%
|
0.99
+106%
|
1.1
+11%
|
1.02
-7%
|
1.02
N/A
|
0.44
-57%
|
0.33
-25%
|
0.25
-24%
|
0.14
-44%
|
0.19
+36%
|
0.25
+32%
|
0.43
+72%
|
0.47
+9%
|
0.61
+30%
|
0.59
-3%
|
0.58
-2%
|
0.51
-12%
|
0.3
-41%
|
0.25
-17%
|
0.28
+12%
|
0.31
+11%
|
|