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PBG (PTBL3) investor relations material
PBG Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 16.6% net revenue growth in 2Q25, with robust operational, economic, and financial performance across all business units despite macroeconomic challenges.
International markets, especially Portobello America, drove growth with revenue up 52.4% in BRL (34.9% in USD), and export operations consolidated.
All business units posted positive results, with advances in exports, retail, and operational efficiency.
Free cash flow improved to R$63.4 million, with quarter-end cash balance at R$286.7 million.
Completed R$300 million debenture issuance, reducing pro forma leverage to 2.3x and strengthening capital structure.
Financial highlights
Net revenue grew 16.6% year-over-year to R$686.8 million, with international markets expanding their share to 28.1%.
Gross profit increased 17.4% to R$252.4 million, with margins near 37%.
Pro forma EBITDA rose 45% to R$101 million, with margin up 2.9 p.p. to 14.7%.
Financial expenses rose 51.5% to R$92.6 million, mainly due to high interest rates and structured financing.
Free cash flow generation totaled R$63.4 million, up R$57.4 million from 2Q24.
Outlook and guidance
Focus on cash generation, operational efficiency, and deleveraging for the second half of 2025.
U.S. import tariffs on Brazilian products expected to have limited impact due to local manufacturing, positioning for competitive advantage.
Management reaffirms commitment to innovation, sustainable growth, and global competitiveness.
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