Camil Alimentos (CAML3) Q2 2027 Prepared Remarks earnings summary

Executive summary

• 2Q26 volume was 604.7k tons (-4.6% YoY), net revenue R$2.765bn (-7.2%) and EBITDA R$225.3m (-10.1%), at an 8.2% margin.

• Gross margin expanded 2.1pp to 24.7%; Brazil high-growth volume rose 14.1%, partly offsetting weaker high-turnover and international volumes.

Financial highlights

• Gross revenue was R$3.223bn (-6.1% YoY); net revenue was R$2.765bn (-7.2% YoY, +3.6% QoQ).

• Gross profit rose 1.2% YoY to R$681.9m; cost of sales fell 9.7% to R$2.083bn.

• EBITDA was R$225.3m (-10.1% YoY, +7.3% QoQ); EBIT was R$152.7m (-16.9% YoY).

• Net income was R$41.3m (-47.5% YoY, +47.7% QoQ); EPS was R$0.1205.

• SG&A rose 8.9% to R$542.1m, or 19.6% of net revenue; Brazil SG&A increased 19.5% while International fell 12.1%.

Outlook and guidance

• Early rice-price recovery signs emerged late in the quarter in Brazil and Latin America; no quantified forward financial guidance was stated.

• Management cited high-value portfolio development, product innovation, stronger brands and channels, operating efficiency and disciplined execution as growth priorities.