Unifique Telecomunicações (FIQE3) Q3 2025 earnings summary

Executive summary

• Adjusted EBITDA reached BRL 160.6 million, up 32.2% year-over-year, with margin at 52.5%, reflecting operational efficiency and cost discipline.

• Net income for 3Q25 was BRL 64.8 million, up 43.4% year-over-year, with net margin rising to 21.2%.

• Mobile accesses reached 211,204, growing by 41,183 in the quarter, with 5G coverage expanding to 91 cities.

• Churn rate dropped to 1.42%, the lowest in company history and the sector, driven by churn management and combo sales.

• Strategic acquisitions, including 3SNET, SerraNet, and CCS Telecom, strengthened market position and customer portfolio.

Financial highlights

• Gross revenue for 3Q25 was BRL 367.7 million, up 15.1% year-over-year and 4.4% sequentially.

• Gross profit rose to BRL 161.5 million, up 25.8% year-over-year, with gross margin at 52.7%.

• EBITDA reached BRL 155.9 million, up 8.5% from Q2 2025, with margin at 52.5%.

• Free cash flow reached BRL 62.8 million, up 153.2% year-over-year.

• Net debt/EBITDA LTM at 0.61x, with net debt at BRL 343.0 million and cash position of BRL 345.7 million.

Outlook and guidance

• Focus on expanding 5G and fiber coverage, with obligations to reach 670 cities by 2029.

• Plans to double mobile sites in 2026, targeting over 1,000 sites and further automation.

• Ongoing operational efficiency initiatives and investments in marketing and customer experience to drive sustainable growth.

• Anticipated further price adjustments in 2026, depending on economic conditions.

• Strategic shift in Rio Grande do Sul to improve acquisition channels and reduce delinquency.