Q1 2026 Fertilizantes Heringer SA Earnings Call Transcript
Key Points
- Despite a challenging quarter, Fertilizantes Heringer SA (BSP:FHER3) maintained a positive net income of BRL14.6 million.
- The company saw a positive financial result of BRL156.6 million due to favorable foreign exchange variations.
- Cash and cash equivalents increased by BRL48.7 million, ending the quarter at BRL149.3 million.
- The premium product segment showed resilience with a decline of less than 10%, aligning with the company's strategy to focus on higher added value products.
- Coffee gained a larger share in the product mix, increasing from 31% to 36%, indicating a shift in market demand.
- Total volume delivered dropped significantly by 43.7% from 358,000 to 202,000 tonnes compared to the previous year.
- Net revenue decreased by 42% to BRL523 million due to lower sales volume.
- Gross result fell by 92% from BRL46.3 million to BRL3.7 million, reducing the margin from 5.1% to 0.7%.
- EBITDA turned negative at BRL4.1 million, compared to a positive BRL3.5 million in the first quarter of 2025.
- The sugarcane segment saw a sharp decline in its share from 9% to 5%, with volume dropping from 33,000 to 10,000 tonnes.
Good day, everyone. Thank you for waiting. Welcome to Fertilizantes Heringer conference call to discuss first-quarter 2026 results. Today with us, we have Mr. Fernando Maeda, CFO and IRO; and Marcelo Ferri, Commercial Officer. We would like to inform you that this event is being recorded. (Operator Instructions)
Before proceeding, forward-looking statements that might be made during this conference call are based on the beliefs and assumptions of the company's management as well as on information currently available. Forward-looking statements may involve risks and uncertainties as they refer to future events and therefore, depend on circumstances that may or may not occur.
Investors, analysts, and journalists should understand that general economic conditions, industry conditions and other operating factors may affect the company's future performance and may lead to results that differ materially from those expressed in such forward-looking statements.
Now I would like to give the floor to Mr. Fernando Maeda, who will begin the presentation. Mr. Maeda, please go ahead.
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