Eletromidia (ELMD3) Q1 2025 earnings summary

Executive summary

• Gross revenue reached R$346.4 million in 1Q25, up 24.7% year-over-year, reflecting market expansion and a focused commercial strategy.

• Adjusted EBITDA grew 30.3% to R$99.8 million, with a margin of 32.4%, driven by operational efficiency and cost management.

• Adjusted net profit rose 77.8% to R$39.3 million, with a net margin of 12.7%.

• Operating cash generation increased 55.1% to R$79.5 million.

• Globo completed a tender offer, acquiring 27.08% more shares and now holds 99.26% of total capital; process to deregister as a public company initiated.

Financial highlights

• Net revenue was R$308.1 million, up 27.3% year-over-year.

• Gross profit reached R$145.1 million, up 32.1%, with gross margin improving to 47.1% (+1.7 p.p.).

• Operating expenses rose 20.1% to R$80.0 million, mainly due to expansion and workforce growth.

• Depreciation and amortization totaled R$30.7 million, nearly stable year-over-year.

• Financial result was negative R$21.5 million, an improvement due to higher investment yields.

Outlook and guidance

• Management remains committed to executing its strategy and generating value across operations in Brazil.