Wilson Sons (PORT3) Q2 2025 earnings summary

Executive summary

• Consolidated net revenue rose 11% year-over-year in Q2 to BRL 770 million, with 15% growth for the first six months, driven by strong container terminal and towage services performance.

• Achieved solid results in 2Q25 and 6M25, mainly driven by strong terminal and towage business performance.

• Organic growth and operational excellence across core businesses contributed to robust results.

Financial highlights

• Q2 consolidated net revenue: BRL 770 million (+11% YoY); H1 revenue: +15%.

• Net revenues rose 15.2% year-over-year to R$1,537.7M in 6M25.

• Q2 EBITDA: BRL 362 million (+29% YoY); H1 EBITDA: +29%.

• EBITDA increased 29.3% year-over-year to R$728.6M in 6M25.

• Q2 net income: BRL 168 million (+275% YoY); H1 net income: +142%.

• Net profit surged 141.6% year-over-year to R$362.7M in 6M25; 2Q25 net profit up 274.6% year-over-year to R$168.0M.

Segment performance

• Container terminal throughput up 17% in Q2 to 370,000 TEUs; H1 volume up 20%.

• Container terminals net revenues grew 13.6% year-over-year to R$575.2M in 6M25.

• Towage net revenues increased 17.9% year-over-year to R$745.9M in 6M25.

• Towage services Q2 maneuvers up 4% to 15,000; Q2 revenue: BRL 378 million (+13% YoY); Q2 EBITDA: BRL 182 million (+21% YoY).

• Offshore vessel joint ventures net revenues rose 25.0% year-over-year to R$388.3M in 6M25.

• Offshore support vessel joint ventures: Q2 operating days up 6%, revenue up 30% to BRL 211 million, net profit up significantly due to FX gains and improved operations.

• Special operations revenue fell 27% due to reduced LNG and offshore services.

• Higher volumes, scale gains, and improved operational mix contributed to growth.