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PRIO USD

At a glance: strengths & risks
✓Revenue growing (+131% y/y, Q2 2026)✓Profit growing (+216% y/y, Q2 2026)✓Margins improving (40%→63%, Q2 2026)✗High leverage (3.3x EBITDA)

Sector: Oil and gas

BR_PRIO

Price chart

64.45 BRLDay 1.10%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
64.45 BRL · 1.10%
Market cap
10.4 bn USD

Growth

Δ revenue y/y
131.5%
Δ EBITDA y/y
259.6%

Multiples

P/E (LTM)
13.3x
3y avg: 9.1x
P/B (FY)
2.2x
P/E (ann.)
6.8x
EV/EBITDA (LTM)
6.0x
3y avg: 6.3x
EV/EBITDA (ann.)
4.2x

Cash return

Dividend yield
—
FCF yield (LTM)
4.8%

Liquidity

Daily turnover (listing)
485.9 mln BRL

Shares: yahoo_fundamentals_timeseries/PRIO3.SA

Financial results

Monetary columns are in M USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueM USDOperating profitM USDD&AM USDEBITDAM USDNet profitM USDOperating CFM USDCapex + M&AM USDAssetsM USDEquityM USDROE (annualized)Net debtM USDSource
2026-06-30Q2 2026 (3M)PARTIAL1381.7
y/y 131.5%
547.0
y/y 3824.8%
320.7
y/y 41.1%
867.7
y/y 259.6%
385.9
y/y 216.1%
761.7-196.212506.8
y/y 25.8%
5556.0
y/y 18.3%
28.4%4286.9Link
2026-03-31Q1 2026 (3M)PARTIAL1301.4
y/y 64.7%
488.8
y/y 157.6%
388.0
y/y 39.8%
876.9
y/y 87.6%
480.5
y/y 30.3%
397.1-350.412665.4
y/y 29.9%
5307.5
y/y 12.1%
38.4%4804.8Link
2025-12-31Q4 2025 (3M)PARTIAL776.5
y/y 60.6%
11.5
y/y -95.1%
338.0
y/y 242.6%
349.6
y/y 4.8%
-155.3
y/y -113.8%
552.7-340.211719.7
y/y 29.9%
4707.6
y/y 12.2%
8.6%4572.5Link
2025-09-30Q3 2025 (3M)PARTIAL662.0
y/y 6.6%
97.9
y/y -48.5%
218.7
y/y 118.0%
330.6
y/y 4.2%
-57.3
y/y -57.9%
284.5-279.211098.1
y/y 47.7%
4821.1
y/y 52.7%
1.8%3325.1Link
2025-06-30Q2 2025 (3M)PARTIAL596.9
y/y -27.1%
-175.8
y/y -96.9%
227.3
y/y 90.5%
241.3
y/y -57.6%
-246.7
y/y -51.8%
602.9-277.69943.3
y/y 49.6%
4695.8
y/y 48.3%
10.4%3277.9Link
2025-03-31Q1 2025 (3M)PARTIAL790.2
y/y 26.3%
189.7
y/y -43.7%
277.6
y/y 122.9%
467.3
y/y 1.3%
368.8
y/y 80.5%
45.7-91.79749.1
y/y 62.1%
4733.7
y/y 57.3%
33.0%3185.6Link
2024-12-31Q4 2024 (3M)PARTIAL483.5
y/y -21.9%
234.9
y/y -48.9%
98.7
y/y 31.5%
333.5
y/y -37.6%
1124.8
y/y 251.6%
529.2-207.39023.5
y/y 54.2%
4196.3
y/y 46.3%
45.4%2984.9Link
2024-09-30Q3 2024 (3M)PARTIAL621.0
y/y -22.5%
217.1
y/y -50.9%
100.3
y/y -40.2%
317.4
y/y -48.0%
154.0
y/y -52.3%
551.3-79.77514.4
y/y 32.9%
3157.0
y/y 23.5%
6.5%1334.4Link
2024-06-30Q2 2024 (3M)PARTIAL818.9
y/y 67.4%
449.1
y/y 79.6%
119.3
y/y 3.9%
568.4
y/y 55.8%
253.1
y/y 42.1%
286.7-123.36646.5
y/y 20.8%
3166.4
y/y 39.1%
32.8%1213.7Link
2024-03-31Q1 2024 (3M)PARTIAL625.4
y/y 10.8%
336.9
y/y 10.5%
124.5
y/y 104.9%
461.4
y/y 26.2%
204.3
y/y -12.3%
315.5-231.46015.1
y/y 17.0%
3008.9
y/y 41.1%
27.8%1380.6Link
2023-12-31Q4 2023 (3M)PARTIAL619.0
y/y —
459.3
y/y —
75.0
y/y —
534.3
y/y —
319.9
y/y —
578.8-214.25850.6
y/y —
2868.0
y/y —
39.5%1491.9Link
2023-09-30Q3 2023 (3M)PARTIAL801.7
y/y —
442.4
y/y —
167.7
y/y —
610.1
y/y —
322.8
y/y —
517.5-219.35652.2
y/y —
2556.6
y/y —
17.8%1644.1Link
2023-06-30Q2 2023 (3M)PARTIAL489.3
y/y —
250.1
y/y —
114.8
y/y —
364.9
y/y —
178.0
y/y —
511.9-303.75502.9
y/y —
2276.8
y/y —
32.3%1925.5Link
2023-03-31Q1 2023 (3M)PARTIAL564.7
y/y —
304.9
y/y —
60.8
y/y —
365.6
y/y —
233.1
y/y —
-18.1-134.45139.8
y/y —
2132.1
y/y —
—2004.1Link

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

05001 0001 5002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Year-over-year change

-100%0%100%200%300%2024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Cash flow

FCF ($ mln)

-20002004006002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Net debt / cash ($ mln)

01 0002 0003 0004 0005 0002024 q12024 q22024 q32024 q42025 q12025 q22025 q32025 q42026 q12026 q2

Profit and cash

Profit is cash-backed
In a typical year of 2023–2025 operating cash flow came to 1.49x of reported net profit; after capex, 0.67x.
year202320242025
cash flow / profit1.49x0.94x3.63x
accruals, % of assets-9.0%1.1%-9.2%
Last twelve months (to 2025-Q3): 2.55x of profit came back as operating cash flow.
net debt / EBITDA 3.3x
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Revenue growth & acceleration

Growth accelerating ▲
Last-year revenue growth +22% vs -6% the year before — a +27.9 pp move. 3-year CAGR —.
revenue growth by year: 2024 -6% · 2025 +22%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Peer comparison

Group: Oil and gas. Each peer is shown as it trades and re-priced onto this company's market (Brazil) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Aker BPglobal23.32.9x2.5x
LukoilRussia49.32.4x4.2x
Occidental Petroleumglobal59.35.0x4.3x
GazpromRussia34.02.8x4.9x
RosneftRussia56.33.3x5.7x
ConocoPhillipsglobal167.96.9x5.9x
Chevronglobal393.48.1x7.1x
TatneftRussia22.04.3x7.5x
Gazprom NeftRussia40.84.3x7.5x
SantosAustralia19.89.2x7.7x
Exxon Mobilglobal706.010.0x8.7x
NovatekRussia45.67.9x13.7x
Group median4.7x6.5x
Group average5.6x6.6x
This companyBrazil10.46.0x6.0x

Group median 4.7x as traded, 6.5x adjusted; this company 6.0x — a 7% discount.

Group average 5.6x as traded, 6.6x adjusted; against the average this company is at a 9% discount.

At the adjusted group median the market cap would be +11% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 23.5x, Russia 4.1x, South Africa 5.1x, Kazakhstan 6.5x, India 18.6x, Indonesia 4.8x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-12; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2023-12-140.0726 BRLEx-dividend: 0.0726 BRL per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Investor reporting (IR): https://www.rad.cvm.gov.br/ENET/frmConsultaExternaCVM.aspx?codigoCVM=22187

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of PRIO — from primary filings.

Frequently asked questions

What is PRIO's P/E ratio?
PRIO trades at a P/E of 13.3x (price to trailing 12-month earnings).
What is PRIO's EV/EBITDA?
PRIO trades at 6.0x EV/EBITDA.
What is PRIO's P/B ratio?
PRIO trades at a P/B of 2.2x.
What is PRIO's return on equity (ROE)?
PRIO's ROE is 28.4%.
What is PRIO's market capitalization?
PRIO's market cap is 10.4 bn USD.

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