Brazil · Delayed Price · Currency is BRL OceanPact Serviços Marítimos Earnings Call Transcripts
Fiscal Year 2026
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Revenue and EBITDA grew strongly year-on-year, driven by higher daily rates and new contracts. The merger with CBO is progressing, pending antitrust approval, and vessel utilization is expected to improve in coming quarters.
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Net revenue grew 11% year-on-year to BRL 459 million, driven by higher vessel utilization and daily rates. Ongoing Petrobras contract negotiations and a strong backlog support a positive outlook, with EBITDA expected to rebound in upcoming quarters.
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Revenue grew 30% in 2025, with strong EBITDA and net profit gains, and the first dividend payout proposed. The merger with CBO is expected to create significant synergies, with a robust backlog and stable outlook for 2026. Integration and antitrust review are underway.
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Q2 2025 saw strong revenue and EBITDA growth, driven by new contracts, higher vessel utilization, and rising daily rates. Liability management reduced interest costs, and the outlook is highly positive with record Q3 expected and continued contract wins.
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Record Q3 results with EBITDA up 104% and net revenue up 58% year-on-year, driven by new contracts and higher vessel utilization. Backlog doubled to BRL 6.7 billion, and strong cash position supports upcoming mobilizations. Margins and recurring EBITDA expected to improve as new contracts ramp up.
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Revenue and EBITDA grew strongly in 2024, driven by higher daily rates and robust demand in both vessel and services segments. Backlog reached BRL 3.7 billion, with high vessel utilization and continued innovation. Outlook remains positive, with further daily rate increases and high CapEx expected.
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Net revenue and EBITDA surged year-on-year, driven by higher daily rates, new contracts, and strong Services segment growth. Major developments included the CBO business combination approval and Dock Brasil acquisition, positioning the company for improved fleet utilization and future growth.
Fiscal Year 2024
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EBITDA reached BRL 104 million in 3Q 2024, with stable revenue and a growing backlog. Vessel utilization was 75%, impacted by mobilizations, while daily rates rose 19% year-over-year. Outlook for 4Q 2024 is strong, with record EBITDA anticipated.
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Revenue and EBITDA grew 9% and 13% year-over-year, respectively, with strong contract extensions and rising daily rates. Service and vessel segments delivered robust results, and a healthy backlog and cash position support a positive outlook for the second half.