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Oi (OIBR4) investor relations material
Oi Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
2Q25 marked the first full quarter under a new operating model, emphasizing revenue growth at Oi Soluções and subsidiaries, and reducing legacy costs.
Proposed amendment to the court-supervised reorganization plan aims to generate short-term liquidity and strengthen long-term sustainability, including renegotiation with creditors and new payment methodologies.
Strategic focus on ICT-based solutions, cloud, and security, with significant product launches and contract wins.
Subsidiaries now contribute 39% of revenue, supporting diversification and offsetting legacy declines.
Legacy operations now only 11% of revenue, with significant customer migration to digital platforms and network decommissioning.
Significant events and developments
Amendment to the reorganization plan proposes new payment terms for creditors, use of real estate sale proceeds, and appeal bonds to settle obligations.
Asset sales, including ClientCo and TVCo, completed, with further sales (e.g., V.tal UPI) prioritized.
Regulatory milestones achieved, including a new governance structure, equitization process, and approval of the PRJ.
Capitalization of all interest due in June 2025 on key debt instruments to preserve liquidity.
Reverse stock split (25:1) proposed to meet B3 listing requirements.
Financial highlights
Consolidated revenue for 2Q25 was R$684 million, down 17.7% year-over-year, but up 8.4% sequentially, mainly due to asset sales and legacy declines.
Subsidiaries contributed R$267 million, up 66.8% YoY, and Oi Soluções accounted for R$342 million, with cloud revenue up 11% YoY and UC&C up 22% YoY.
Routine EBITDA was negative R$98 million, a 78% sequential improvement, with margin at 6.0% of revenue.
Capex totaled R$41 million, a 70% decrease YoY, now fully directed to ongoing digital operations.
Net loss for the quarter was R$835 million, compared to a profit of R$15,061 million in 2Q24 due to one-off financial gains last year.
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