Camil Alimentos (CAML3) Q2 2025 Prepared Remarks earnings summary

Executive summary

• Achieved record net revenue of R$3.3 billion in 2Q24, up 12% year-on-year and 12.5% sequentially, and record EBITDA of R$288 million, up 35.4% year-on-year and 13% sequentially.

• Net income reached R$118.8 million, up 153.4% year-on-year and 51.3% sequentially, with a margin of 3.6%.

• Last 12 months' EBITDA exceeded R$1 billion for the first time.

• Sequential volume growth of 13.6% driven by grains and international segments, despite a 5.7% year-on-year volume decline due to lower sugar exports.

• Launched new pasta line in São Paulo and expanded coffee portfolio with União gourmet coffees.

Financial highlights

• Gross revenue reached R$3.7 billion (+12.2% YoY, +11.1% QoQ); net revenue R$3.3 billion (+12.0% YoY, +12.5% QoQ).

• Gross profit hit a record R$698.3 million, with a 21.4% margin (+1.7pp YoY).

• EBITDA was R$287.6 million (+35.4% YoY, +13.0% QoQ), margin 8.8% (+1.5pp YoY).

• Net income: R$118.8 million (+153.4% YoY, +51.3% QoQ), net margin 3.6% (+2.0pp YoY).

• Capex for the quarter was R$66.5 million, focused on pasta and coffee.

Outlook and guidance

• Confident in achieving growth and profitability objectives, with ongoing expansion in new categories and markets.

• Continued focus on efficiency, scale, and profitability improvements, and strengthening brands across South America.