Lisbon, 1980s: the Carnation Revolution and the euphoria of freedom belong to the past. The country faces turbulent times: factories close, workers raise barricades, and politics dominates every street corner. Amid cigarette smoke, music, prostitutes, and sailors, people share shattered dreams and uncertain hopes. As social tensions deepen, the far-left armed group FP25 emerges. Its members follow a path of no return, living underground lives built on bank robberies, attacks, friendship, family, and love — all under the perpetual threat of prison or death. As they abandon everything and everyone except each other, they begin to lose their own identities, while an officer fighting against them faces a moral dilemma of his own.