Brazil · Delayed Price · Currency is BRL Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira Earnings Call Transcripts
Fiscal Year 2026
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Net revenue grew 20% year-over-year, with strong EBITDA and net income growth. Security and ICT segments led performance, while cost pressures and global uncertainties persist. ROIC improved to 17.7%, and a major plant expansion in Manaus is underway.
Fiscal Year 2025
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Q4 2025 saw revenue decline 9.3% year-over-year but sequential improvement, with EBITDA and net income rising on operational efficiencies. Security led growth, energy and ICT focused on profitability, and robust cash generation supported a stable outlook for 2026.
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Revenue declined as the company prioritized profitability, driving record gross and EBITDA margins and a 14% increase in net income year-over-year. Security grew 4.4% with no market share loss, while ICT and Energy segments focused on margin quality and portfolio optimization.
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Revenue and net income rebounded strongly after a weak first quarter, with security leading growth and a disciplined focus on profitability and capital allocation. ERP integration and inventory normalization supported improved cash flow, while ICT and energy segments face competitive and market headwinds.
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Q1 2025 saw an 11% revenue drop and sharp declines in EBITDA and net income due to ERP migration disruptions, but production and sales normalized by April. Management expects margins and cash flow to recover, with a focus on profitable growth and improved ROIC.
Fiscal Year 2024
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Q4 2024 saw strong revenue and EBITDA growth, but net income declined due to exchange rate impacts. The company completed a major ERP transition and expects operational cash flow and inventory levels to normalize in 2025, with stable margins and a focus on efficiency.
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Q3 2024 saw record net revenue and double-digit growth in all segments, though margins were compressed by higher costs and logistics challenges. Management expects improved profitability and normalized inventory in Q4, with EBITDA margins stabilizing at 13%-14%.
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Q2 2024 saw 22.1% revenue growth and resilient margins, with all business lines contributing to strong results. Inventory and pricing strategies are mitigating FX and supply risks, and CapEx is set to decline as major investments conclude.