Q4 2025 Movida Participacoes SA Earnings Call Transcript
Key Points
- Movida Participacoes SA (BSP:MOVI3) achieved record net revenue of BRL14.7 billion and EBITDA of BRL5.7 billion in 2025.
- The company was recognized as the best car rental service by the Opinion Box Award and achieved the highest NPS in the sector.
- Movida led market share growth in the car rental sector with Rent-a-Car rental days increasing by 12.3%.
- EBITDA margins were strong, with 67.4% in the rental car segment and 75.9% in GTF, supported by price adjustments and disciplined cost management.
- Return on invested capital reached 16.6% in 2025, the highest in the company's history, indicating strong value creation for shareholders.
- The company faces challenges in selling used cars due to credit restrictions and high interest rates, impacting sales volumes.
- Despite strong financial performance, the company operates in an environment of high interest rates, which could affect future profitability.
- There is a need for continued price adjustments and operational efficiency improvements to maintain profitability.
- The company has a significant amount of gross debt, totaling BRL18.1 billion, which requires careful management.
- Movida's strategy involves not expanding the fleet significantly, which may limit growth opportunities in the short term.
And welcome to Movida's conference call to discuss the results regarding the fourth quarter of 2025. Today, with us, we have Gustavo Moscatelli; CEO; Daniela Sabbag, CFO and IRO; and Camila Francischelli, Director of Investor Relations. This event is being streamed on Zoom and can be reached at the company's website at ri.movida.com.br.
(Operator Instructions) We would like to remind you all that today's presentation will be in Portuguese with simultaneous translation into English. (Operator Instructions) Before we begin, we would like to let you know that any forward-looking statements made during this call regarding the company's business outlook, operational, and financial projections and targets are based on Movida's management beliefs and assumptions as well on information currently available to the company.
Forward-looking statements are not guarantees of performance. They involve risks, uncertainties, and assumptions as they relate to future events and therefore, depend on circumstances that may or may not occur. General economic conditions, industry
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