Smartfit Escola de Ginástica e Dança S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 981.94 million compared to BRL 621.99 million a year ago. Net income was BRL 82.68 million compared to net loss of BRL 90.9 million a year ago.

Basic earnings per share from continuing operations was BRL 0.141 compared to basic loss per share from continuing operations of BRL 0.1551 a year ago. Diluted earnings per share from continuing operations was BRL 0.1361 compared to diluted loss per share from continuing operations of BRL 0.1551 a year ago.