Technos (TECN3) Q4 2025 earnings summary

Executive summary

• Net revenue for 4Q25 reached R$162.0M, up 18.0% year-over-year, with full-year 2025 revenue at R$478.4M, a 19.5% increase from 2024.

• Achieved record financial performance in 2025, with double-digit growth in revenues and profits despite a challenging macroeconomic environment.

• 22nd consecutive quarter of Adjusted EBITDA growth, highlighting operational consistency and strategic execution.

• Significant reduction in indebtedness and continued optimization of capital allocation, including share buybacks and interim dividend distribution.

• Sales volume grew 14.1% in 4Q25 and 11.5% for the year, with average price increases of 4.7% and 8.7%, respectively.

Financial highlights

• Gross revenue for 2025 reached R$562.8M, up 21.2% year-over-year; 4Q25 gross revenue grew 19.5% versus 4Q24.

• Gross profit for 2025 totaled R$261.7M, up 19.6% year-over-year; gross margin stable at 54.7%.

• Adjusted EBITDA for 2025 reached R$111.7M, a 19.9% increase year-over-year; 4Q25 Adjusted EBITDA grew 17.7% versus 4Q24.

• Net income for 2025 was R$71.5M, up 10.2% year-over-year; 4Q25 net income was R$29.1M, up 11.8% versus 4Q24.

• SG&A expenses increased 21.3% in 4Q25 and 14.4% for the year; selling expenses rose 19.3% in 4Q25 and 32.2% for the year; administrative expenses decreased 8.3% in 4Q25 but increased 1.5% for the year.

Outlook and guidance

• 2026 expected to be marked by macroeconomic instability in Brazil and geopolitical tensions, with major events like the World Cup and presidential elections influencing consumption trends.

• Focus remains on sustainable business expansion and disciplined capital allocation to create shareholder value.

• Forward-looking statements indicate expectations of continued growth, but management highlights risks and uncertainties that could impact future results.