Allpark Empreendimentos Participações e Serviços (ALPK3) Q1 2025 earnings summary

Executive summary

• 1Q25 net revenue rose 15.0% YoY to R$425.1 million; adjusted EBITDA increased 20.0% to R$77.2 million and adjusted EBIT rose 50.7% to R$34.2 million.

• Net loss narrowed 82.2% YoY to R$2.6 million from R$14.6 million, supported by operating growth and a lower average debt spread.

• 26 operations opened; the portfolio reached 776 active operations, with 0.06% churn and digital platforms representing 21.3% of revenue.

Financial highlights

• Net revenue was R$425.1 million versus R$369.6 million in 1Q24; gross profit rose 11.7% to R$133.0 million.

• Adjusted EBITDA was R$77.2 million, up 20.0%, with an 18.2% margin; adjusted EBIT increased 50.7% to R$34.2 million, with an 8.0% margin.

• Adjusted cash gross profit rose 14.6% to R$113.8 million.

• Accounting EBITDA was R$117.5 million, up 12.5%; EBIT reached R$55.6 million, up 26.6%.

• Operating cash flow was R$86.8 million versus R$79.2 million in 1Q24.

Outlook and guidance

• Management expects results to improve through the year; Q1 averaged 22.6% of annual revenue over 2022–2024, reflecting seasonality.

• Organic growth remains focused on Leased and Managed operations, with lower capital needs and shorter payback periods.

• Digital mobility and electromobility remain strategic growth areas, with continued investment in Zul+ and Zletric.