Smartfit Escola de Ginástica e Dança S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was BRL 853.1 million compared to BRL 546.4 million a year ago. Net income was BRL 51.4 million compared to net loss of BRL 134.3 million a year ago.

For the full year, the company reported sales was BRL 2,930.4 million compared to BRL 1,706.9 million a year ago. Net loss was BRL 86.1 million compared to net loss of BRL 633 million a year ago.