Camil Alimentos (CAML3) Q3 2026 Prepared Remarks earnings summary

Executive summary

• Net revenue reached R$2.9 billion in Q3 2025, down 5% year-over-year, mainly due to lower prices, while EBITDA rose 39.4% to R$239 million with an 8.1% margin.

• Consolidated volumes grew 14% year-over-year, driven by international operations (+59.4% YoY) and high growth products in Brazil (+22.7% YoY).

• Net income was R$44.1 million, with a net margin of 1.5%.

• The quarter included the first results from the Paraguay acquisition.

Financial highlights

• Gross revenue was R$3.4 billion, with net revenue at R$2.9 billion (-5.1% YoY); gross profit reached R$669 million and gross margin was 22.7%.

• EBITDA was R$239 million (+39.4% YoY), with an 8.1% margin (+2.6pp YoY).

• Cost of goods sold fell 11% YoY, supporting margin expansion.

• CapEx for the quarter was R$95.4 million, focused on new plant investments.

• Net income was R$44.1 million (-0.6% YoY, -44.0% QoQ).

Outlook and guidance

• Management expects continued margin improvement and value creation for shareholders, focusing on brand strengthening, operating efficiency, and disciplined growth.

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