Brazil · Delayed Price · Currency is BRL Mills Locação, Serviços e Logística Earnings Call Transcripts
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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First quarter 2025 saw double-digit revenue and EBITDA growth, margin expansion, and strong cash flow, driven by heavy and intralogistics units and a higher share of long-term contracts. CapEx is focused on high-growth segments, with a positive outlook for 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 reached a record BRL 419 million in 3Q 2024, up 21% year-over-year, with strong growth in rental and intralogistics segments. Margins faced temporary pressure from Chinese competition, but utilization rates and cross-selling opportunities support a positive outlook.
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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.