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Tegma Gestão Logística (TGMA3) investor relations material
Tegma Gestão Logística Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenue in Q2 2025 rose 14% year-over-year to BRL 541 million, driven by Automotive Logistics and tariff adjustments.
EBITDA margin declined to 17.5% from 18% year-over-year, mainly due to lower gross margins and higher expenses.
Net income for Q2 2025 reached BRL 67 million, up 6% year-over-year, with net margin at 12.4%.
Dividend and interest on equity distribution of BRL 89 million approved, representing 80% payout and 8.3% dividend yield over the last twelve months.
Acquisition of 70% stake in Buskarmi/Buskar.me for BRL 15.1 million to expand pre-owned vehicle logistics capabilities.
Financial highlights
Automotive Logistics division net revenue grew 15-16% year-over-year in Q2 2025, with stable EBITDA margin at 17.4%.
Integrated Logistics division net revenue fell 2% year-over-year due to contract loss; EBITDA margin dropped to 17.8-18.7%.
GDL segment net revenue increased 11% year-over-year, but margins declined due to rent adjustments.
CapEx in Q2 2025 totaled BRL 11 million, focused on yard improvements and fleet expansion.
Free cash flow was positive at BRL 41 million in Q2 2025.
Outlook and guidance
Management expects continued positive momentum in the automotive sector, supported by the green IPI program and new vehicle launches.
Dividend payout policy remains aggressive, with future distributions dependent on capital allocation opportunities.
M&A activity remains on the radar, with ongoing discussions and no impact from current payout decisions.
Focus on operational efficiency, market share recovery, and leveraging synergies from recent acquisitions.
Commitment to expanding bulk transportation and seeking new market opportunities.
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