Unifique Telecomunicações (FIQE3) Q2 2025 earnings summary

Executive summary

• Net income reached BRL 45.2 million in Q2 2025, up 22.1% sequentially and 9.9% year-over-year, with net margin improving to 15.8%.

• Recurring/adjusted EBITDA was BRL 143.5 million, up 7.4% sequentially and 17.6% year-over-year, with margin expanding to 50.2%.

• Achieved strong growth in Q2 2025, with improved customer satisfaction, margin recovery, and reduced churn.

• Continued investments in modernization, 5G deployment, and expansion in southern Brazil, with 5G/4G coverage in 71 cities and 170,021 mobile accesses.

• Leadership in broadband and mobile expansion, with mobile accesses up 28.9% sequentially.

Financial highlights

• Gross revenue grew 11.6% year-over-year to BRL 352.2 million, with gross profit at BRL 144.9 million and gross margin of 50.7%.

• Net income increased over 22% from Q1 2025, reaching BRL 45.2 million.

• Recurring EBITDA margin was 50.2%, with net margin improving to 16.1% in Q2 2025.

• Cash position at quarter-end was BRL 376.1 million.

• CAPEX reached BRL 92.0 million, up 12.9% year-over-year and 59.7% sequentially.

Outlook and guidance

• Focus on expansion, innovation, and customer experience, with plans to expand 5G/4G coverage to 670 cities by 2029 in southern Brazil.

• Prepaid mobile plans launched in July 2025 to drive further growth.

• Maintaining focus on sustainable broadband growth and customer experience.

• EBITDA margin guidance for 2025 expected to remain around 50%, despite 5G investments.