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2025 was the best year in Méliuz's history.
Net revenue: R$ 460M (+26% YoY)
Adj. EBITDA: R$ 93M (+72% YoY)
Adj. EBITDA margin Q4'25: 25% (+4.9 p.p. vs Q4'24) — the highest of any quarter in our history, including pre-IPO.
In three years, we went from adj. EBITDA of -R$ 94M to










