Cambuci (CAMB3) Q1 2025 earnings summary

Executive summary

• Net revenue reached R$97.9 million in 1Q25, down 11.1% year-over-year, mainly due to weaker demand and fewer public sector bids for sports materials amid a challenging macroeconomic environment.

• Focus remained on cash preservation, high margins, and operational efficiency, with inflation at 5.48% and high interest rates impacting consumption.

• Despite lower sales, cost control and efficiency measures helped maintain robust margins and liquidity.

• EBITDA totaled R$23.4 million (margin 23.9%), a decrease of 27.8% from 1Q24, mainly due to lower sales and reduced dilution of fixed costs.

• Net income was R$19.1 million, down 7.3% year-over-year, with a net margin of 19.5% (up 0.8 p.p.).

Financial highlights

• Revenue: R$97.9 million in 1Q25 vs. R$110.1 million in 1Q24 (-11.1%).

• Gross profit: R$48.3 million (49.3% margin), down 15.1% year-over-year.

• EBITDA: R$23.4 million (23.9% margin), down 27.8% from 1Q24.

• Net income: R$19.1 million (19.5% margin), down 7.3% from 1Q24.

• Operating cash flow: R$11.3 million in 1Q25.

Outlook and guidance

• Management expects continued macroeconomic challenges in 2025, with high interest rates and inflation impacting consumption.

• Focus remains on cash preservation, margin maintenance, and operational efficiency.

• Commitment to sustainability, financial responsibility, and readiness for market recovery.