Q2 2025 Tegma Gestao Logistica SA Earnings Call (English, Portuguese) Transcript
Key Points
- Tegma Gestao Logistica SA (BSP:TGMA3) approved a dividend payment of BRL89 million, representing 80% of net income for the first half of 2025, with a dividend yield of approximately 8.3%.
- The company published its Integrated Report for the third consecutive year, showcasing its commitment to transparency in ESG practices.
- Tegma acquired a 70% stake in Buskar.Me, a logistics platform for pre-owned vehicles, expecting significant commercial synergies.
- The customs clearance of a 200,000-square-meter plot of land will expand Tegma's bonded area by 20%, enhancing logistics infrastructure for vehicle imports and heavy cargo handling.
- Net revenue for the Automotive Logistics division grew by 16% in Q2 2025, driven by operational performance, tariff adjustments, and increased revenues from warehousing services.
- Tegma's market share in the Automotive Logistics division declined by 2.2 percentage points year on year, reaching 22.6% in Q2 2025.
- The Integrated Logistics division's net revenue decreased by 2% year on year due to the non-renewal of a major contract.
- EBITDA margin for the Integrated Logistics division fell from 23.1% to 18.7% year on year, impacted by lower gross margin and increased corporate expenses.
- The company's EBITDA margin declined from 18% to 17.5% year on year, influenced by reduced gross margins and increased corporate expenses.
- Net income for Q2 2025 increased by only 6% year on year, with a reduction in net margin by 1 percentage point to 12.4%.
(interpreted)
(Event Instructions)
Good afternoon to all. This is Ian Nunes speaking, IR manager of Tegma. We will now begin our conference call to discuss the earnings concerning the second quarter of 2025. This conference call is being recorded and the replay may be accessed in the company's website.
(Event Instructions)
I'd like to give the floor now to Nivaldo Tuba, CEO of Tegma, who will begin the presentation. Nivaldo, you may proceed.
Good afternoon. This is Nivaldo Tuba speaking, CEO of Tegma. On behalf of the entire company, thank you, once again, for participating in our earnings conference call.
With me here are Ramón Pérez, our CFO and IRO; as well as Ian Nunes, our Investor Relations Executive Manager.
As usual, we start our presentation on slide 2, where you can find our disclaimer regarding our forward-looking statements.
Moving on to slide 3, we
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