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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.
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Q2 2025 earnings summary5 Aug, 2025

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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