Q3 2025 Fertilizantes Heringer SA Earnings Call (Portuguese) Transcript
Key Points
- Despite a 16% reduction in volume, net revenue remained flat due to strong raw material prices.
- Premium products, which are more profitable, showed growth in both Q3 and the first nine months of 2025.
- Significant reduction in administrative expenses by 57% in Q3 and 22% year-to-date.
- Positive foreign exchange variation contributed to a positive net income for the nine months.
- Cash flow improved with cash equivalents increasing by BRL135 million compared to the previous quarter.
- Total volume of deliveries decreased by 16.4% due to market delays, particularly in the coffee sector.
- EBITDA remains negative, although showing signs of recovery.
- Net loss was recorded in Q3 despite positive net income for the nine months.
- High costs of raw materials, particularly phosphate-based fertilizers, delayed purchase decisions.
- Debt-related financial expenses amounted to BRL240 million due to court-supervised reorganization.
Thank you for waiting. Welcome to Fertilizantes Heringer conference call to discuss third quarter 2025 earnings results. With us today are Mr. Gustavo Oubinha, CFO and IRO; and [Marcelo Ferry], Commercial Officer. We would like to inform you that this event is being recorded. (Operator Instructions)
Before proceeding, let me mention that any forward-looking statements are based on the beliefs and assumptions of Fertilizantes Heringer management as well as on information currently available to the company. Forward-looking statements may involve risks, uncertainties and assumptions as they refer to future events and therefore, depend on circumstances that may or may not occur. Investors, analysts and journalists should understand that events related to the macroeconomic environment, the industry and other factors may affect the company's future performance to differ materially from those expressed in such forward-looking statements.
Now I would like to give the floor to the management to start the presentation. Please go ahead, [Mr. Marcelo Ferry].
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