Brazil · Delayed Price · Currency is BRL Mills Locação, Serviços e Logística Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong growth in adjusted EBITDA and net income, with improved margins and disciplined capital allocation. Heavy equipment and intralogistics drove segment gains, while leverage and liquidity remained robust.
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Record Q1 2026 results with double-digit revenue and EBITDA growth, driven by operational gains, tax credits, and portfolio diversification. Leverage hit a two-year low, cash generation surged, and ESG milestones were achieved, despite a competitive market.
Fiscal Year 2025
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Delivered strong growth in 2025 with record revenues, margin expansion, and robust cash generation. Leverage dropped to 1.3x Net Debt/EBITDA, supporting both organic and inorganic growth, while segment performance and operational efficiency drove profitability.
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Q3 2025 saw 15% revenue growth and a 28% rise in adjusted EBITDA, driven by the Next Rental acquisition and strong performance in heavy and intralogistic segments. Long-term contracts now make up 55% of rental revenue, supporting predictability amid ongoing competition in light equipment.
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Second quarter 2025 saw strong revenue and EBITDA growth, driven by expansion in heavy and Intra Logistics segments, disciplined capital allocation, and the acquisition of Nex Rentals. Margins remain healthy, with a stable capital structure and a focus on long-term contracts for predictable revenue.
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Net revenue grew 17% year-over-year to BRL 412 million, with strong gains in rental and infrastructure-driven segments. Margins expanded, leverage remained low, and disciplined capital allocation continues amid a stable competitive environment and robust infrastructure demand.
Fiscal Year 2024
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Record revenue and EBITDA growth in 2024, with strong cash flow, disciplined capital allocation, and a record dividend payout. Focus for 2025 is on productivity, long-term contracts, and reduced CapEx amid stable market conditions and high interest rates.
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Net revenue hit a record BRL 419 million in 3Q 2024, up 21% year-over-year, with strong growth in rental and intralogistics segments. Margins faced pressure from lower prices on elevation platforms, but robust cash generation and conservative leverage support ongoing investments.
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Net revenues rose 9% year-over-year, driven by rental growth and the JM acquisition, with adjusted EBITDA up 7% and net income up 11%. The company maintained a strong capital structure, expanded its fleet, and expects further growth as delayed infrastructure projects resume.