Camil Alimentos (CAML3) Q1 2025 Prepared Remarks earnings summary

Executive summary

• Net revenue reached R$2.9 billion in 1Q24, 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$255 million, with a margin of 8.8%.

• Net profit increased 22.6% year-over-year to R$78 million.

• High-value categories and new product launches, such as Camil Pasta and União Gourmet Coffee, drove growth.

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

Financial highlights

• Gross profit was R$626 million, with a margin of 21.6% for the quarter, up 13.8% year-over-year.

• Cost of goods sold rose 8%, mainly from higher turnover in grains and coffee.

• SG&A expenses were flat, with a 1.3% reduction as a percentage of net revenue.

• Sales volume was 523K tons, down 4.6% year-over-year but up 20.2% sequentially.

• Other operating income and expenses totaled R$2.9 million, mainly from reimbursement of claims.

Outlook and guidance

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

• Ongoing investments in new grain and pasta plants, and expansion in high-value categories.

• ESG initiatives and social projects remain a strategic focus.