CI&T (CINT) Q1 2025 earnings summary

Executive summary

• Net revenue for Q1 2025 reached $110.9M, up 4.9% year-over-year, with constant currency growth of 13.7%.

• Adjusted EBITDA grew 15.2% to $19.6M, with margin improving to 17.6% from 16.1% year-over-year.

• Adjusted net profit increased 14.2% to $9.6M; adjusted net profit margin rose to 8.7%.

• Employee headcount grew 21.6% year-over-year to 7,400, with 420 trainees onboarded.

• Launched the 2024 Global ESG Report, highlighting new environmental policies and community engagement.

Financial highlights

• Gross profit was $34.5M; adjusted gross profit was $36.7M, with a margin of 33.1%.

• Adjusted diluted EPS was $0.07, up 16.6% year-over-year.

• Free cash flow to adjusted net income ratio reached 151.6%.

• Cash and cash equivalents at quarter-end were $62.8M, up from $56.6M at year-end.

• Net finance costs dropped 30.2% to $1.7M, reflecting a lower debt position.

Outlook and guidance

• Q2 2025 net revenue expected to be at least $115.5M, up 11.9% year-over-year at constant currency.

• Full-year 2025 guidance reaffirmed: net revenue growth at constant currency of 9%-15%, adjusted EBITDA margin of 18%-20%.

• Outlook supported by a 30% higher commercial pipeline and strong client expansion in the US and Brazil.