Ctt Correios Portgl Sa (CTTOF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Because 2025 marks the end of our strategic cycle, we have announced ambitions, financial ambitions for 2025 back in our capital markets in 2022, because it's also the end of the term of the present board of directors. And my own ownership of this company, we decided to include this slide number four with a number of remarkable points in our journey. But moving to slide number five and starting with the business of the day. We closed 2025 with a very steady growth both on revenue and EBIT, a cycle that comes back from the early days when this management team joined CTT, but more than that, more than a significant growth along this cycle on revenues and EBIT, a very significant transformation. And we see a reasonably stable male revenue profile throughout these years, while the company was growing at around 11% on revenues. And on Avid, a very radical shift in the sources of value creation, since the company was a mere male company with an early bank that has been had been born a few years before, back in 2018, and now we are mostly an e-commerce logistics player, whereby the main contribution for revenues and for EBIT comes from that. Moving to slide number six, we highlight the achievements of the end of the strategic cycle. Just to recall the ambitions, the targets that were set back in 2022, we should close 2025 with revenues ranging from €1,100 to €12,500 million or a 7% to 10% annual growth. We have indeed exceeded that target by posting 1,288,000,000 euros for the year, as a consequence of CTD having been the fastest growing e-commerce logistics player in Iberia throughout the cycle. Then our second ambition was related with margin, whereas the target here was to reach an EBIT in 2025, recurring EBIT, between 100 and 120 million euros. Again, with a very signif...