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Localiza Rent a Car (RENT3) investor relations material
Localiza Rent a Car Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved net revenue of R$10.7 billion, EBITDA of R$3.5 billion, EBIT of R$2.3 billion, and net income of R$871 million in 3Q25, with annualized ROIC at 15.4% and a 5.3 p.p. spread over cost of debt, reflecting strong operational and financial execution.
Consolidated net revenue rose 10.8% year-over-year in 3Q25, driven by growth across all business segments.
Strategic focus on innovation, operational efficiency, and customer experience, including AI-powered virtual assistants and digital pickup, driving productivity and high NPS scores.
Record sales in Seminovos, with over 75,000 cars sold and a reduction in average car age at sale, supporting fleet rejuvenation and cost efficiency.
One-off IPI tax reduction impact of R$929 million pre-tax, with adjusted results excluding this effect for year-over-year comparisons.
Financial highlights
Consolidated revenues grew 10.8% year-over-year to R$10.7 billion; rental revenue up 6.1% to R$4.9 billion, Seminovos revenue up 15.1% to R$5.8 billion.
Adjusted consolidated EBITDA rose 6.8% year-over-year to R$3.5 billion, with car rental EBITDA margin at 67.7% and fleet rental margin at 73.4%.
Adjusted net income increased 7.3% year-over-year to R$871 million, driven by higher EBITDA and partially offset by increased financial expenses.
Adjusted EBIT for 3Q25 was R$2.3 billion, up 11.2% year-over-year.
Free cash flow before interest for the nine months totaled R$4.5 billion.
Outlook and guidance
Expectation of stable or gradually improving margins, with focus on maintaining ROIC spread and cost efficiency.
Anticipate gradual increase in used car sales volume to reach optimal fleet age, targeting 85,000 cars sold per quarter to achieve 15-month average age.
If interest rates decline and ROIC spread reaches 7–8 p.p., company may resume accelerated growth and market consolidation.
Ongoing focus on restoring ROIC spread, cost discipline, and operational excellence.
Targeting 1 million contracts in Car Rental by 2025, leveraging digital and AI-driven customer journeys.
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