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POSITIVO TECNOLOGIA S.A.

POSI3 — POSITIVO TECNOLOGIA S.A.

CNPJ 81.243.735/0001-48 · listed classes: POSI3 · CVM code 20362

Fabricação de hardware.As filed by the company in its registration form (FCA), reference 2026-01-01 · CVM sector: Comunicação e Informática

Novo Mercadolisting segment
1989founded
Curitiba · PRheadquarters
Privadocontrol
Itaú Corretora de Valores S.A.share registrar
Deloitte Touche Tohmatsu Auditores Independentes Ltda.auditor
positivotecnologia.com.brinvestor site
R$ 2.4 mavg. daily traded value (63 sessions)

Verdict

Net margin 0.4%; ROIC 6.1%; debt 2.1x EBITDA; P/E 71.9 against 21.1 for the sector; 2025 data, no relevant restatement.

Confidence flag: Clean data

Data for fiscal year 2025, received by the CVM on 2026-03-19; 5 of the 5 core figures published; last restatement recorded in 2023.

Does the company make money?

Is it sound or indebted?

Is the share expensive or cheap relative to the sector and its own history?

Descriptive: number, numeric band and comparison with the sector, the company's own history and the whole universe. Not investment advice. JSON · how the verdict works

Follow POSI3: get an e-mail when profit turns into loss, debt or margin change band, or the statements are restated. That is all, and you can cancel in one click. See every event already recorded for POSI3.

Quote

R$ 3.55close of 2026-09-25 · B3 (COTAHIST), updated nightly — the price the API, the MCP and the dump serve

1m +4.7% · 12m -18.8% · YTD -11.3% · 52-week R$ 3.28–4.72

15-minute delayed quote, shown by TradingView — display only: it never enters our API, MCP or dump
Close, weekly, 5 years · return -66.6% (-19.7% a year) · not split-adjustedR$ 3.55 2026-09-25
high 2022-09-23: R$ 13.38low 2026-08-14: R$ 3.322026-09-25: R$ 3.55
2021low R$ 3.32 · high R$ 13.382026

Return by window

1 month3 months1 year2 years5 years10 years
Price+4.7%-9.7%-18.8%-36.6%-69.5%+14.9%
With dividends reinvested+4.7%-9.7%-15.2%-30.6%-60.6%+54.0%
Real, net of inflation (IPCA to 08/2026)+4.8%-9.5%-18.3%-36.4%-69.4%-4.4%
R$ 1,000 would be worthR$ 1,047R$ 903R$ 848R$ 694R$ 394R$ 1,540

Closing prices from the base up to 2026-09-25. The starting price is adjusted by the corporate actions checked against the price (the small mark says how many); a jump they do not explain leaves the window blank. Reinvestment buys more shares at the close of the ex-date, with no tax or cost; only the main ticker class. The real line divides the reinvested return by the IPCA accumulated in the window (Banco Central series 433, monthly, edge months pro rata by days); the latest month is only published around the 10th of the following month.

Corporate actions

last day with rightseventmultipliercheck
2023-05-11stock split inferred380.82× sharesnot checked
2020-04-28stock split inferred380.82× sharesnot checked

Why the price chart jumps: prices are not split-adjusted. Inferred means detected from the share count and the price, not announced in the exchange file.

Valuation

Today

R$ 492 mmarket value
close of 2026-09-25 × sharesprice × shares outstanding
R$ 1.1 bnenterprise value
+ net debt 2025market value + net debt
R$ 0.06EPS 2025
profit per sharenet income for the year ÷ shares
R$ 11.38BVPS 2025
book value per shareshareholders' equity ÷ shares
39.4P/E 12m
to 2T26today's market value ÷ net income of the last 12 months (built by identity from the quarterly filings)
0.31P/B 2T26
latest quarterly balancetoday's market value ÷ equity to controlling shareholders at quarter end
0.8%ROE 12m
to 2T26net income of the last 12 months ÷ average equity over the same 12 months
0.4%net margin 12m
to 2T26net income ÷ net revenue, both over the last 12 months
1.7P/FCO 2025
FCO R$ 298 mmarket value ÷ operating cash flow
3.3P/FCF 2025
FCF R$ 151 mmarket value ÷ (operating cash flow + capex)
138.5 mshares outstanding !latest public count, treasury excluded

Snapshot: today's close over the latest public share count. Cards marked 12m use the last four quarterly filings; the others use the 2025 annual filing. The multiples below are point-in-time: priced on the day the filing became public. share count caveat

At the filing date (point-in-time)

71.9P/E 2025
price of 2026-03-19 · sector 21.1 · 8 cos. · 9th of 9price ÷ earnings per share for the year
0.4P/B 2025
price of 2026-03-19 · sector 1.9 · 7 cos. · 1st of 8price ÷ book value per share
4.1EV/EBITDA 2025
price of 2026-03-19 · sector 4.4 · 7 cos. · 4th of 8enterprise value on the filing date ÷ EBITDA for the year (other sites use trailing 12 months and today's price)
24.3%FCF yield 2025
price of 2026-03-19 · sector 4.2% · 7 cos. · 1st of 8(operating cash flow + capex) ÷ market value
0.5%ROE 2025
sector 3.9% · 14 cos. · 9th of 15net income to controlling ÷ average equity
6.1%ROIC 2025
sector 13.9% · 8 cos. · 8th of 9EBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included — /metodologia/roic
P/E, P/B and EV/EBITDA use the price of 2026-03-19 (R$ 4.46), the first one after the 2025 filing became public on 2026-03-19 — point-in-time, not the 31 December price. 1 caveat

By theme, fiscal year 2025

Valuation

P/Receita todaymarket value ÷ net revenue for the year0.15×
EV/Receita todayenterprise value ÷ net revenue0.34×
P/EBITDA todaymarket value ÷ EBITDA1.57×
P/EBIT todaymarket value ÷ EBIT2.14×
EV/EBIT todayenterprise value ÷ EBIT4.99×
Earning yield todaynet income ÷ market value (the inverse of P/E)1.8%

Debt and liquidity

Dívida líquida/PLnet debt ÷ shareholders' equity0.42×
Dívida bruta/PLshort- and long-term borrowings ÷ equity0.81×
Dívida líquida/EBITDAnet debt ÷ EBITDA for the year2.10×
PL/Ativosequity ÷ total assets0.35×
Passivos/Ativos(total assets − equity) ÷ total assets0.65×
Liquidez correntecurrent assets ÷ current liabilities1.69×

Efficiency

Margem brutagross profit ÷ net revenue25.1%
Margem EBITDAEBITDA ÷ net revenue9.3%
Margem EBITEBIT ÷ net revenue6.9%
Margem líquidanet income ÷ net revenue0.4%

Profitability

ROEnet income to controlling ÷ average equity0.5%
ROICEBIT × (1 − effective tax rate) ÷ average invested capital (gross debt + total equity − cash − investments), goodwill included6.1%
ROAnet income ÷ total assets0.3%
Giro do ativonet revenue ÷ total assets0.75×

Growth

Receita, 1 anorevenue this year ÷ previous year − 1-9.0%
Receita, CAGR 5 anoscompound annual growth of revenue over 5 years8.9%
Lucro, CAGR 5 anoscompound annual growth of net income over 5 years (positive at both ends only)-46.2%
EBITDA, CAGR 5 anoscompound annual growth of EBITDA over 5 years (positive at both ends only)-0.7%

Standardized accounts and published indicators of the fiscal year; items marked today divide today's market value or enterprise value by an account of that year.

Indicators, year by year

Four indicators as charts and the full table below. A hollow point carries a caveat; a gap is a year without the figure — we never draw a line across a hole. In the table, the arrow opens the path from the figure down to the line in the regulator's file; a cell with ! carries a caveat; a dashed dash is a suppressed figure — hover to see why. Nothing is hidden.

Fact checklist 5 of 9

Nine objective checks with the threshold written in each line and the figure behind it. Descriptive, not a recommendation; the thresholds are ours and are declared.

ROE0.5% 2025
2010: 13.0% — pl_final_sem_media2011: -10.4%2012: 4.8%2013: 2.4%2014: 3.6%2015: -12.9%2016: 1.6%2017: -8.9%2018: -0.1%2019: 3.2%2020: 24.7%2021: 18.3%2022: 23.6%2023: 16.5%2024: 5.0%2025: 0.5%
20102025
ROIC6.1% 2025
2010: 11.4% — capital_final_sem_media2011: -3.7% — aliq_fallback_342012: 6.7% — aliq_travada_02013: 7.3%2014: 8.7%2015: -4.5% — aliq_fallback_342016: 13.6%2017: 3.7% — aliq_fallback_342018: 6.0% — aliq_travada_452019: 9.6%2020: 19.6%2021: 19.9%2022: 29.5%2023: 20.5%2024: 10.8%2025: 6.1%
20102025
Net margin0.4% 2025
2010: 3.8%2011: -3.3%2012: 1.4%2013: 0.6%2014: 1.0%2015: -4.3%2016: 0.5%2017: -2.5%2018: -0.0%2019: 1.1%2020: 8.9%2021: 6.0%2022: 6.1%2023: 6.4%2024: 2.3%2025: 0.4%
20102025
Point-in-time P/E71.9x! 2025
2020: 4.2x — acoes_escala_milhares2021: 6.4x — acoes_escala_milhares2022: 3.0x — acoes_escala_milhares2023: 5.0x — acoes_escala_milhares2024: 9.3x — acoes_escala_milhares2025: 71.9x — acoes_escala_milhares
20102025

Full table

indicator2010201120122013201420152016201720182019202020212022202320242025sector
ROE ⟶13.0%!-10.4%4.8%2.4%3.6%-12.9%1.6%-8.9%-0.1%3.2%24.7%18.3%23.6%16.5%5.0%0.5%3.9%
ROIC ⟶11.4%!-3.7%!6.7%!7.3%8.7%-4.5%!13.6%3.7%!6.0%!9.6%19.6%19.9%29.5%20.5%10.8%6.1%13.9%
ROA ⟶5.5%!-4.2%1.8%0.8%1.3%-4.3%0.5%-2.7%-0.0%1.1%8.2%6.2%7.7%5.7%1.9%0.3%1.6%
Gross margin ⟶27.3%21.8%24.6%21.4%22.6%18.8%29.0%25.8%26.4%25.1%20.5%22.8%24.0%27.1%25.1%25.1%38.1%
EBIT margin ⟶5.0%-2.5%2.8%2.9%3.7%-3.4%6.9%2.0%3.8%5.2%12.7%9.0%12.5%13.0%8.4%6.9%14.4%
Net margin ⟶3.8%-3.3%1.4%0.6%1.0%-4.3%0.5%-2.5%-0.0%1.1%8.9%6.0%6.1%6.4%2.3%0.4%3.1%
Revenue growth (1y) ⟶—-10.6%5.5%22.1%-9.2%-20.9%-5.3%9.6%2.0%1.3%14.5%53.5%48.4%-21.4%-6.1%-9.0%15.7%
Revenue growth (5y CAGR) ⟶—————-4.6%-3.5%-1.9%-5.3%-3.9%3.5%14.0%21.1%15.7%14.0%8.9%15.8%
Net debt/EBITDA ⟶2.31x—3.68x3.12x2.15x61.22x1.17x2.02x2.02x1.76x0.68x1.57x1.64x1.41x1.95x2.10x0.05x
Current ratio ⟶1.80x1.63x1.38x1.50x1.79x1.41x1.32x1.29x1.28x1.25x1.61x1.61x1.93x1.85x1.97x1.69x1.51x

In reais, year by year

The three statements behind the ratios — income statement, balance sheet and cash flow — in the standardized lines, consolidated as filed (or parent-only when that is what the company files). EBITDA and net debt follow the published methodology; gross debt, cash and investments and free cash flow are sums the line names spell out.

line20102011201220132014201520162017201820192020202120222023202420252T26TTM
Income statement
Net revenue (R$ bn)2.32.12.22.62.31.81.71.92.01.92.23.45.03.93.73.40.93.5
Cost of goods and services (R$ bn)-1.7-1.6-1.7-2.0-1.8-1.5-1.2-1.4-1.4-1.4-1.7-2.6-3.8-2.9-2.8-2.5-0.7-2.6
Gross profit (R$ bn)0.60.50.50.50.50.30.50.50.50.50.40.81.21.10.90.80.20.9
EBITDA (R$ m)137-2299125137517171108143324345675565367313——
Depreciation and amortization (R$ m)21313750516750323344464250565783——
EBIT (operating result) (R$ m)116-53627587-6212139759927830362550931023062255
Pre-tax profit (R$ m)90-72301623-8010-44102827220830725410220933
Income taxes (R$ m)-140-0-0-0-1-4-11-7-77-5-1-3-17-8-6-20
Net income (R$ m)89-68301623-809-48-0211962033062518512313
Net income (controlling) (R$ m)89-68301623-809-48-016191200303247809312
Balance sheet
Total assets (R$ bn)1.61.61.81.91.81.91.81.71.81.92.83.84.24.64.54.54.34.3
Current assets (R$ bn)1.41.31.51.51.41.61.41.41.41.52.23.13.43.63.02.82.72.7
Current liabilities (R$ bn)0.80.81.11.00.81.11.11.11.11.21.41.91.81.91.51.71.51.5
Gross debt (short + long term) (R$ bn)0.40.40.50.60.50.80.70.50.60.70.80.91.51.41.31.31.21.2
Cash and investments (R$ m)90157116165224555478388393461544359427591567618490490
Net debt (R$ bn)0.30.20.40.40.30.30.20.10.20.30.20.51.10.80.70.7——
Shareholders' equity (R$ bn)0.70.60.60.60.70.60.60.50.50.51.01.21.41.61.61.61.61.6
Cash flow
Operating cash flow (R$ m)-154191-40441678169113-65-4-224-146-330541529298——
Capital expenditures (R$ m)-44-65-65-29-23-70-30-43-19-19-31-44-83-86-91-147——
Free cash flow (FCO + capex) (R$ m)-198126-10515143113970-83-23-255-189-413455438151——

The two right-hand columns come from the quarterly filing (ITR): the latest quarter alone and the last 12 months (TTM) built by the same identity as the TTM P/E. EBITDA and net debt have no quarterly series here.

The current year, quarter by quarter

As the company filed it in its interim report. The fourth quarter does not exist on its own in that filing — the closed year comes in the annual one, and we do not derive a Q4, so that a figure we computed never sits beside the figures the company reported. Filed on is the date the report became public, and the price is taken from it.

quarterrevenue (R$ m)profit (R$ m)net marginP/E TTMP/Bfiled on
2024T1!994.764.36.5%4.20.782024-05-14
2024T2!813.14.90.6%3.50.602024-08-14
2024T3!819.61.70.2%3.20.502024-11-13
2025T1!715.4-12.6-1.8%278.60.512025-05-14
2025T2!842.22.30.3%-741.60.362025-08-13
2025T3!805.61.10.1%-1,515.20.382025-11-12
2026T1!741.4-12.3-1.7%59.90.382026-05-13
2026T2!938.72.60.3%37.00.302026-08-12

Full series, every quarter: GET /empresas/POSI3/trimestres

Dividends

No ex-date or payment scheduled in the base (exchange announcements through 2026-09-21 · filings to the regulator through 2026-09-18).

The latest dividend by POSI3 was a dividend of R$ 0.1796 per share (record date 2026-01-06, payment 2026-01-30). In the last 12 months: 1 payments adding up to R$ 0.1796 per share. Average yield of the last 5 full years: 5.7%.

typerecord dateex-datepaymentper share
dividend2014-04-292014-04-30—R$ 0.0455

Ex-date is the first trading session after the record date, from our own price history. Payment date comes from the exchange file; CVM marks a date taken from the filing to the regulator. Only the main ticker class.

Record dates in the last 5 years, by month: Jan1FebMarApr6MayJunJulAugSepOctNovDec

Per year

yearper sharepaymentsyield
2026R$ 0.179615.1%
2025R$ 0.273716.8%
2024R$ 0.418218.1%
2023R$ 0.514127.4%
2022R$ 0.340223.6%
2021R$ 0.256222.4%
2020R$ 0.032110.6%
2017R$ 0.025710.8%
2015R$ 0.068314.0%
2014R$ 0.045512.1%

Yield per year = the year's dividends over the close of its last session; the current year is partial.

Shareholders and free float

48.35%free float
68,563,195 sharesshares outstanding held by the market, as filed in the FRE
39,937shareholders
39,690 individuals · 104 companies · 143 institutionalcount at the last shareholders meeting, from the FRE
HELIO BRUCK ROTENBERG +11controlling shareholder
as declared in the FREshareholders the company marks as controlling
100% ONtag along (minimum)
Novo Mercadominimum guaranteed by the listing segment or by law; the bylaws may grant more
shareholdertype% ON% PN% total
HELIO BRUCK ROTENBERG ctrl agreementPF15.03%0.00%15.03%
RAFAEL MOIA VARGAS ctrl agreementPF5.22%0.00%5.22%
CIXARES LIBERO VARGAS ctrl agreementPF4.06%0.00%4.06%
Clube de Investimento PadovaPJ3.71%0.00%3.71%
LUCAS RADUY GUIMARÃES ctrl agreementPF3.23%0.00%3.23%
GIEM RADUY GUIMARÃES ctrl agreementPF3.12%0.00%3.12%
PAULO FERNANDO FERRARI LAGO ctrl agreementPF2.92%0.00%2.92%
SAMUEL FERRARI LAGO ctrl agreementPF2.92%0.00%2.92%
THAIS SUSANA FERRARI LAGO ctrl agreementPF2.92%0.00%2.92%
DANIELA CESAR FORMIGHIERI RIGOLINO ctrl agreementPF2.56%0.00%2.56%
SOFIA GUIMARÃES VON RIDDER ctrl agreementPF2.53%0.00%2.53%
ISABELA CESAR FORMIGHIERI ctrl agreementPF2.51%0.00%2.51%
RODRIGO CESAR FORMIGHIERI ctrl agreementPF2.28%0.00%2.28%
CLUBE DE INVESTIMENTO VERONAPJ0.64%0.00%0.64%
MAKCEMIUK FIA BDR NIVEL IPJ0.17%0.00%0.17%
Others (market)———43.85%
Treasury shares———2.35%

Direct holdings from the reference form (FRE) filed on 2026-09-09, version 6. The chain of control (who owns the holding) is not reproduced here. Names of individuals appear as in the public filing.

Filings and notices

filedcategorysubjectdocument
2026-09-18Documentos de Oferta de Distribuição Pública · Aviso ao MercadoEmissão de Notas Comerciaisopen
2026-09-18Reunião da Administração · Conselho de AdministraçãoEmissão de Notas Comerciaisopen
2026-09-10Reunião da Administração · Conselho de AdministraçãoAumento de Capital sem emissão de ações||Distribuição de Dividendos/Juros sobre Capital Próprioopen
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Consolidada—open
2026-09-09Valores Mobiliários negociados e detidos (art. 11 da Instr. CVM nº 358) · Posição Individual - Cia, Controladas e Coligadas—open
2026-08-25Comunicado ao Mercado · Aquisição/Alienação de Participação Acionária (art. 12 da Instr. CVM nº 358)—open
2026-08-19Dados Econômico-Financeiros · Demonstrações Financeiras AdicionaisVersão Inglêsopen
2026-08-17Comunicado ao Mercado · Outros Comunicados Não Considerados Fatos RelevantesEsclarecimento sobre Recebíveis do Grupo Casas Bahiaopen
2026-08-13Comunicado ao Mercado · Apresentações a analistas/agentes do mercadoApresentação do call de resultados 2T26open
2026-08-12Dados Econômico-Financeiros · Press-releaseRelease 2T26open

The last filings this company sent to the CVM outside its financial statements, newest first, from the regulator's own IPE index. The subject line is the company's own free text. We do not summarise or classify these documents — read the original.

Piotroski F-Score 6/9 (2025) — what each criterion means.

Restated filings for this company

The regulator overwrites the old version; we keep both. Figures in R$ millions: first filing on the left, restatement on the right.

fiscal yearaccountfirst filingrestated
2012DRE 3.012,195.52,102.5
2012BPA 1.011,464.21,384.0
2012DRE 3.02-1,655.7-1,585.7
2018DRE 3.011,951.31,890.7
2018DRE 3.03514.4453.7
2014DFC_MI 6.01166.6111.3
2012BPA 11,815.41,764.2
2012BPP 21,815.41,764.2

Every restatement of this company, year by year

This company appears in

Compare

Side by side, with each figure's caveat and how often each company restated its filings.

POSI3 × VIVT3 · POSI3 × TIMS3 · POSI3 × TOTS3 · POSI3 × LWSA3 · POSI3 × OIBR3 · POSI3 × MLAS3

compare with the sector: TOTS3 × LWSA3 × BMOB3

Other companies in Tech & Communication

20 more with a page, same CVM sector — a classification of the regulator's, not ours.

Take this into your code

Everything on this page is also JSON: GET /empresas/POSI3/indicadores. WEGE3 is open for testing without a key; for the rest, create a free key (200 calls/day, no card).

Price coverage: 4,151 sessions, 2010-01-04 → 2026-09-25 · methodology · how we verify

Sources: CVM (open data, ODbL) and B3 (COTAHIST). Not affiliated with B3 or the CVM. Not investment advice.

Numbers on this page are live. Data version 2026-09-27-reapresentacao-agreg · page generated 2026-09-27 07:51 UTC. If this does not match /saude, you are reading a cached copy.