Brazil · Delayed Price · Currency is BRL Orizon Valorização de Resíduos Earnings Call Transcripts
Fiscal Year 2026
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Vital acquisition completed, making the company the largest waste platform in Latin America. Q2 saw strong revenue and resilient core business growth, though margins were impacted by one-off integration costs. Biomethane ramp-up and new projects support a positive outlook for EBITDA and deleveraging.
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Revenue grew 37% year-over-year in Q1 2026, with EBITDA up 30% and net income reversing prior losses. Biomethane and carbon credit sales expanded, and the Vital integration is on track for Q2 2026, promising significant synergies and further growth.
Fiscal Year 2025
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EBITDA grew 15% year-over-year to BRL 504 million, driven by waste operations and margin gains, while carbon credit sales and new biomethane plants set the stage for strong 2026 results. The Vital acquisition is expected to close mid-2026, unlocking major synergies.
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The incorporation of Vital and affiliates creates Brazil's largest waste management company, expanding to 30 ecoparks and 15 states, with strong synergies in biomethane and carbon credits. The deal is structured via share issuance, with robust governance and long-term growth focus.
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Q3 2025 saw strong revenue and EBITDA growth, driven by higher waste volumes, price increases, and recurring carbon credit sales to major international clients. Biomethane ramp-up and new Ecopark acquisitions are set to boost results in Q4 and 2026.
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Net income and EBITDA saw strong double-digit growth year-over-year, driven by higher waste disposal prices and ramp-up of biomethane and carbon credit projects. Capital structure is robust, supporting both organic and inorganic expansion, with new plants and contracts fueling future growth.
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Q1 2025 saw strong price-driven margin gains, 15% revenue growth year-over-year, and a 13% sequential EBITDA increase. Major milestones included a BRL 635 million follow-on for acquisitions, a landmark carbon credit sale to Google, and progress on biomethane projects.
Fiscal Year 2024
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Q4 2024 saw strong price and margin gains, with net revenue up 16% and EBITDA up 24% year-over-year. Biomethane and circular economy segments are expanding, supported by favorable regulation and new contracts. 2025 is expected to deliver robust growth across all fronts.
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Revenue and EBITDA saw strong double-digit growth year-over-year, driven by carbon credit sales, price gains, and operational improvements. Regulatory advances and new acquisitions are set to further boost recurring EBITDA, with positive outlook for carbon and biomethane markets.
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Double-digit growth in net revenue and EBITDA was achieved, driven by strong disposal segment performance and new investments in biomethane and Waste-to-Energy projects. Carbon credit monetization and new landfill acquisitions are set to boost future results.