Camil Alimentos (CAML3) Q1 2025 Prepared Remarks earnings summary

Executive summary

• Net revenue reached R$2.9 billion, up 9.3% year-over-year and 8.1% sequentially, consolidating a leading position in Latin America.

• EBITDA grew 28.2% year-over-year to R$254.5 million, with a margin of 8.8%, and net income rose 22.6% YoY to R$78.5 million.

• High-value segment benefited from launches in pasta and coffee, while international volumes declined YoY due to export mismatches in Uruguay.

• ESG initiatives advanced, including entry into B3's Corporate Sustainability Index and significant food donations to flood-affected regions.

• High turnover in grains and sugar, with sequential volume growth in Brazil despite challenges from delayed harvests and floods in Rio Grande do Sul.

Financial highlights

• Gross revenue reached R$3.4 billion (+9.2% YoY), net revenue R$2.9 billion (+9.3% YoY), and gross profit R$626 million (+13.8% YoY) with a margin of 21.6%.

• EBITDA margin was 8.8% (+1.3pp YoY), and net margin was 2.7% (+0.3pp YoY).

• CapEx for the quarter was R$62.9 million, focused on new grain plant and pasta business investments.

• Net debt stood at R$3.2 billion, with net debt/EBITDA at 3.3x for the last 12 months.

• Working capital reached R$2.9 billion (+1.9% YoY), with notable increases in accounts receivable and supplier accounts.

Outlook and guidance

• Continued focus on efficiency, expense optimization, and leveraging synergies from recent acquisitions.

• Management remains optimistic about expansion in new operations and high-value categories.