Q2 2025 Santos Brasil Participacoes SA Earnings Call (English, Portuguese) Transcript
Key Points
- Santos Brasil Participacoes SA (BSP:STBP3) achieved a historical record in container handling, with Tecon Santos moving 135,000 containers in July 2025, the highest monthly volume ever in a South American container terminal.
- The company's market share reached 43% by the end of the quarter, with significant growth in various flows, particularly a 27% year-on-year increase in Cabotage.
- Net revenue for the second quarter of 2025 increased by 25% year-on-year, totaling BRL881 million, driven by growth across all business lines.
- EBITDA for the quarter was BRL457 million, reflecting a 35% year-on-year growth with a margin increase of almost 4 percentage points compared to the same quarter in 2024.
- The company successfully expanded its liquid bulk terminal capacity, contributing to increased volumes and attracting new clients, with a 34% growth in fuel handling compared to 2024.
- Tecon Imbituba experienced a 20% drop in container movements in the second quarter of 2025 compared to the same period in 2024, due to service omissions.
- Santos Brasil Logistica saw a decline in volume during the second quarter of 2025, despite an increase in net revenue.
- The company faces uncertainties regarding the public tender offer by CMA CGM, which is still under analysis by the CVM, with no confirmed dates for execution.
- The impact of increased tariffs enforced by the United States could affect up to 5% of the company's demand, although the company has adjusted its service mix to mitigate this.
- Future CapEx figures remain undisclosed, creating uncertainty about the company's investment plans beyond the current year.
Good morning, everyone, and thank you for holding. Welcome to Santos Brazil conference call for the second quarter 2025.
With us today, we have Antonio Carlos Sepulveda, the Chief Executive Officer; Daniel Pedreira Dorea, Chief Financial and Investor Relations Officer; and Ricardo dos Santos Buteri, Chief Commercial Officer. (Operator Instructions)
I would like to remind you that the earnings release and presentation are available on the company's investor relations website, where the replay of this event will be available. In addition to the rooms in Portuguese and English, simultaneous translation into Brazilian sign language is also available.
Before proceeding, I emphasize that the forward-looking statements based on the operational and financial goals are based on the beliefs and assumptions of Santos Brazil management and on information currently available. These forward-looking statements involve risks and uncertainties as they relate to future events and may or may not occur.
Investors and analysts should understand that overall conditions, industry conditions
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