Maha Capital AB (publ) (MAHA_A) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Investor Studios quarterly reports. Today we have Mahacapital, which released its Q2 report for 2025 this morning. Maha's CEO Roberto Marchiori will present the results and current events during the quarter. Those of you who are watching live can ask questions to the management and we will answer them at the end of the presentation. If you do not have an answer to your question, we refer you to Roberto, nice to see you and I believe you're in a cloudy Sao Paulo. Nice to see you again. Good afternoon for you. Yes, here is a cloudy day. Well, we have a brilliant sunshine, but much colder than you have. So please, without further ado, go ahead. Thank you, Carlo. So thank you, everyone. A nice good morning for you or good afternoon if you are in Sweden. I'm going to start here the third quarter presentation. So talking about the main highlights of the quarter, We end up the quarter with a very strong balance sheet of more than $108 million in cash. Also, in terms of cash balance and looking for the credit operation of Q, we already have more than $52 million of approved lines, credit lines, with an average yield of 18% annualized. Also, very important for the quarter, and considering our shift on our strategy, we divested of Bravo Energia for $78 million. We also divested of Illinois Basin Acid for $3.5 million, plus now up to $600,000. This will be also important for us going forward to enhance even more or a balance sheet and releasing dry powder for us to use in the credit side of our new strategy. And also, I think it's important to mention here that we reduce around 35% year over year on our recurring GNA. So, I mean, we are still working to have a more efficient and linear structure. We're talking here a little bit about Q, right? So on the bus...