Vittia (VITT3) Q4 2025 earnings summary

Executive summary

• Net revenue grew 4.2% year-over-year to R$820.0 million in 2025, with strong performance in the Soil Fertilizers segment, which rose 43.2% year-over-year to R$263.6 million.

• Adjusted EBITDA reached R$115.2 million, down 13.6% year-over-year, with margin at 14.1% (-2.9 p.p.), the lowest since tracking began.

• Adjusted net income was R$60.2 million, a decrease of 20.0% year-over-year; reported profit was higher due to a one-time tax recovery.

• Cash generation from operations increased 69.6% to R$110.5 million, supporting a net debt of R$125.6 million and leverage of 1.09x Adjusted EBITDA.

• R$50.5 million was returned to shareholders through dividends and share buybacks.

Financial highlights

• Net revenue: R$820.0 million in 2025 (+4.2% vs. 2024); Q4 revenue: R$258.1 million (+0.9% vs. Q4 2024).

• Adjusted EBITDA: R$115.2 million (-13.6% vs. 2024); margin 14.1% (-2.9 p.p.).

• Adjusted net income: R$60.2 million (-20.0% vs. 2024); margin 7.3% (-2.3 p.p.).

• Gross profit: R$243.6 million (-8.3% vs. 2024); gross margin: 29.7% (-4.1 p.p.).

• Operating cash flow: R$110.5 million (+69.6% vs. 2024).

• Net debt: R$125.6 million (-13.4% vs. 2024); net debt/EBITDA: 1.09x.

Outlook and guidance

• Management remains confident in medium- and long-term prospects, citing normalization in agribusiness and structural drivers such as sustainability and productivity.

• Continued focus on portfolio diversification, operational efficiency, financial discipline, and innovation to capture growth opportunities, with new product launches planned for 2026 and expansion in Mexico.

• Expecting only modest growth in 2026, with stabilization of gross margins but no significant price or margin recovery anticipated.