Springs Global Participações S.A. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was BRL 171.34 million compared to BRL 381.28 million a year ago. Net loss was BRL 212.05 million compared to BRL 64.76 million a year ago.

Basic loss per share from continuing operations was BRL 4.241 compared to BRL 1.2952 a year ago. Diluted loss per share from continuing operations was BRL 4.241 compared to BRL 1.2952 a year ago.