Business
Padtec S A : 2024 Earnings Release
Padtec S A : 2024 Earnings
About this update from Padtec Holding Sa
[{"type":"text","content":"2024 Earnings Release\n Campinas, SP, March 25, 2025. Padtec Holding S.A. (B3: PDTC3) (and together with its subsidiaries, in particular Padtec S.A., \"Company\" or \"Padtec\") presents its results for the fiscal year ended December 31, 2024 (and the fourth quarter of 2024, \"4Q24\"), following accounting practices adopted in Brazil and with the International Financial Reporting Standards (\"IFRS\") issued by the International Accounting Standards Board (\"IASB\").\n • 2024 Highlights\n ➢ Products and services that connect and bring people together contribute to the development of society and the economy and foster the design of new futures in an increasingly globalized and sustainable world.\n ➢ Portfolio of Equipment, Services, Software, and Platforms complemented by strategic partnerships for 5G, solutions for submarine/sub-fluvial networks, for the data center market (whose rapid growth is driven by the increasing adoption of AI), and focused on IP networks (routers and switches) maximizing the potential to reach customers in Brazil and abroad.\n ➢ The software tools offered by Padtec enable the integration of cyber security resources from partners into your network solutions.\n ➢ LightPad Max demonstrates Padtec's ability to develop and launch innovative and technologically advanced products in an industry characterized by obsolescence.\n ➢ Global demand for high-capacity transmission equipment has grown significantly in the last months of 2024, and the outlook for the near future remains positive.\n ➢ Padtec reported growth in its quarterly results throughout 2024.\n ➢ Total net revenue of R$298.8 million in 2024: growth in all four quarters.\n ➢ In 4Q24, total net revenue of R$96 million: +26.4% over 3Q24 and +7.7% compared to 4Q23.\n ➢ Operational efficiency: gross margin of 31.8% in 2024, reaching 35.7% in 4Q24.\n ➢ EBITDA of R$17.5 million in 2024 (EBITDA margin of 5.9%).\n ➢ In 4Q24, EBITDA totaled R$10.7 million (EBITDA margin of 11.1%).\n ➢ The average cost of raising funds of 8.4% per year in 2024, 78% of loans and financing are long-term and 22% are short-term.\n ➢ For yet another year, Padtec is ranked 1st in the DWDM item of the survey \"Outstanding Brands in Internet Providers\" by RTI Magazine.R$ thousand\n Selected Financial Indicators\n 1Q23\n 2Q23\n 3Q23\n 4Q23\n 2023\n 1Q24\n 2Q24\n 3Q24\n 4Q24\n 2024\n Gr...