Brazil · Delayed Price · Currency is BRL Três Tentos Agroindustrial S/A Earnings Call Transcripts
Fiscal Year 2026
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Q2 revenue grew over 30%, but industrial margins weakened amid the delayed B16 blend and higher costs. H1 adjusted EBITDA and net income rose, while inventory conversion is central to planned deleveraging.
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Revenue grew over 20% year-over-year, with all segments contributing and EBITDA doubling to BRL 394 million. Expansion of stores and industrial capacity, including the new ethanol plant, supports a positive outlook amid regulatory and market tailwinds.
Fiscal Year 2025
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Record annual revenue and strong growth across all segments, driven by industrial expansion and regional diversification. Freight and input costs pressured margins in Q4, but normalization and margin recovery are expected in 2026, with new ethanol operations and expanded canola projects set to boost results.
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Net revenue grew 43% year-over-year in Q3 2025, driven by strong crop yields, robust input and grain sales, and ongoing industrial expansions. Hedging strategies offset margin pressures, while CapEx peaked to support future growth. Net debt declined and guidance remains positive.
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Revenue grew 30% year-over-year with strong gains in gross margin, EBITDA, and net income. Expansion projects and investments are on track, with guidance maintained for the new ethanol plant. Market share and margins improved across segments, supported by robust farmer relationships.
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Q1 saw record revenue and strong growth across all segments, driven by robust harvests and industrial expansion. Financial health remains solid, with CapEx on track and optimism for future harvests and biofuel demand.
Fiscal Year 2024
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Revenue grew 42% year-over-year to BRL 12.8 billion, with adjusted EBITDA up 100% and net income rising 30%. Expansion in grains, industry, and ag inputs drove results, while disciplined capital allocation and strong cash generation supported major investments.
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Record Q3 results with 45% revenue growth and 55% net profit increase, driven by strong grains and industry segments. Expansion in biofuels and ethanol is on track, with disciplined capital allocation and a robust balance sheet supporting future growth.
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Q2 2024 saw net revenue up 59% and net income up 89% year-over-year, with record soybean origination and strong industry segment growth. Store expansion and investments are on track, leverage remains low, and margin recovery is expected in H2 2024.