CI&T (CINT) Q4 2024 earnings summary

Executive summary

• Achieved net revenue of R$656.5M in 4Q24, up 25.6% year-over-year, and R$2,368M for FY2024, up 6.0% year-over-year.

• Adjusted EBITDA margin reached 19.5% in 4Q24 and 18.7% for FY2024.

• Adjusted net profit for 4Q24 was R$78.2M, up 41.3% year-over-year; full-year adjusted net profit was R$241.9M, up 8.9%.

• Celebrated 30th anniversary with global recognition as a leader in modern application development services.

• Cash generated from operating activities in 2024 totaled R$467M, up 12.7% year-over-year.

Financial highlights

• Q4 2024 net revenue reached BRL 656.5 million, up 25.6% year-over-year; constant currency growth was 14.7%.

• Full-year 2024 net revenue was BRL 2,368 million, a 6.0% increase; constant currency growth was 1.3%.

• Adjusted EBITDA for 4Q24 was R$128.1M (19.5% margin); FY2024 was R$442.4M (18.7% margin).

• Adjusted net income for 4Q24 was R$78.2M (11.9% margin); FY2024 was R$241.8M (10.2% margin).

• Free cash flow for 2024 was BRL 317 million, up 16.9% year-over-year, with a free cash flow conversion to adjusted net income ratio of 131%.

Outlook and guidance

• Q1 2025 net revenue expected at least $110.5 million, up 12.6% year-over-year at constant currency.

• Full-year 2025 organic net revenue growth projected at 9%-15% at constant currency.

• Adjusted EBITDA margin for 2025 estimated at 18%-20%.

• Strong growth expected in North America and Latin America, with stable outlook for Europe and expansion in Asia-Pacific.