Camil Alimentos (CAML3) Q3 2026 Prepared Remarks earnings summary

Executive summary

• Net revenue reached R$2.9 billion in 3Q25, down 5.1% year-over-year, mainly due to lower prices, while EBITDA rose 39.4% year-over-year to R$239 million with an 8.1% margin.

• Gross profit increased 25.3% year-over-year to R$669 million, with margin improving to 22.7%.

• Consolidated volumes grew 14.0% year-over-year, driven by international operations (+59.4% YoY) and high growth products in Brazil (+22.7% YoY).

• Net profit was R$44 million, stable year-over-year but down 44% sequentially, with a net margin of 1.5%.

• The quarter included the first results from the Paraguay (Villa Oliva) acquisition.

Financial highlights

• Net revenue declined 5.1% year-over-year and 1.2% quarter-over-quarter to R$2.9 billion.

• Gross profit margin improved to 22.7% from 17.2% a year ago.

• EBITDA margin increased by 2.6 percentage points year-over-year to 8.1%.

• Net profit margin was 1.5% in 3Q25.

• Capex for the quarter was R$95 million, focused on new grain and thermoelectric plants.

Outlook and guidance

• Management expects continued margin improvement, value creation, and resilient growth, focusing on brand strengthening, operational excellence, and disciplined growth.

• Integration of Villa Oliva in Paraguay is expected to contribute to consolidated results from September.

• Ongoing investments in brands, distribution, and high value-added product categories are expected to support future growth.