Docusign Envelope ID: 74DABFD2-3A66-4BDA-B214-EA12DD506AE5
1Q25 Earnings ReleaseApril 15, 2025
Share price at 4/14/2025
ROMI3 - R$ 9.10 per share
Market value
R$ 847.8 million
USD$ 145.44 million
Number of shares
Common: 93,170,747
Free float = 50.8%
Earnings Conference Call
Simultaneous translation (Portuguese - English)
April 16, 2025 - 11:00 a.m. (São Paulo)
| 3:00 p.m. (London) | 10:00 a.m. (New York)
Click here to access the conference call
Zoom ID 894 1238 2164
+55 11 4680 6788
Summary
Earnings Release
1st quarter of 2025
Summary 2
Message from Management 3
Highlights 4
Other Highlights 4
Corporate Profile 6
Current Economic Scenario 7
Industrial Entrepreneur Confidence Index - ICEI 7
Average Installed Capacity Utilization (UCI) 8
Market 9
Order Intake 9
Order Backlog 10
Net Operating Revenue by Business Unit 10
Net Operating Revenue per Geographical Region 11
EBITDA and EBITDA Margin 13
Adjusted Profit for the Period 13
Evolution of Net Cash (Debt) Position 14
Financial Position 15
Capital Markets 16
Consolidated Balance Sheet 17
Consolidated Income Statement 18
Consolidated Cash Flow Statement 19
Attachment I - Income Statement by Business Unit 20
Attachment II - Financial Statements of B+W 21
Earnings Release
1st quarter of 2025
Message from ManagementWe concluded the first quarter of 2025 with a significant improvement in the volume of new orders, particularly in the Romi Machines and B+W Machines business units. Although the business environment remains challenging both in the domestic and international markets, we have been successful in developing competitive solutions to meet our customers' needs with excellence. As a result, we have been able to seize opportunities and continue advancing.
Our offerings, such as the machine rental program and PRODZ, a company specialized in equipment financing, continue to evolve solidly and stand as successful examples for our clients, showing resilience even in volatile environments. These solutions have helped mitigate slowdowns in specific markets, allowing us to maintain solid and profitable operations. It is especially gratifying to see that a significant portion of our rental customers are engaging in repeat business with ROMI, reinforcing our commitment to their long-term success.
In Germany, our B+W operation successfully delivered all projects scheduled for the first quarter of 2025, resulting in a notable increase in revenue. During this period, total new orders reached R$134.3 million, culminating in a backlog of R$430.0 million to be delivered throughout 2025 and 2026. This performance reflects the soundness of our strategy, which combines tailor-made solutions for complex applications with a close, customer-centric approach focused on delivering value.
The Cast and Machined Parts Unit continued to face challenges in the first quarter of 2025, primarily due to weak demand, high fixed costs associated with an extended maintenance shutdown, and delays in productivity normalization. Nevertheless, we remain focused on the gradual recovery of productivity through internal process reviews and the development of higher value-added solutions. We are optimistic about a recovery in the agricultural segment in the coming quarters.
We started 2025 on a strong note, fully aware that the pursuit of excellence requires ongoing improvement in every detail, so that we may contribute sustainably to the success of our customers. We are well-prepared across all of ROMI's core pillars and remain confident that our competitive advantages will continue to drive our growth and create long-term value for all stakeholders.
We are maintaining robust investments in innovation, encompassing technologies such as connectivity, big data, artificial intelligence, new generations of machines, process improvements, and, above all, the continuous development and care of our talented team.
Fábio B. Taiar - Investor Relations Officer
+55 (19) 3455-9418 | dri@romi.com
Investor Relations Contact
Santa Bárbara d'Oeste - São Paulo, April 15, 2025
ROMI S.A. ("ROMI" or "Company") (B3: ROMI3), domestic market leader in the Machine Tools and Plastic Processing Machines markets, as well as an important producer of Rough and Machined Cast Iron Parts, announces its results for the first quarter of 2025 ("1Q25"). Except where otherwise stated, ROMI's operating and financial information is presented on a consolidated basis, in accordance with the International Financial Reporting Standards (IFRS).
Statements contained in this release related to ROMI's business outlook, projections of operating and financial results and references to the Company's growth potential are mere forecasts and have been based on Management's expectations regarding its future performance. These expectations are highly dependent upon market behavior, the economic situation in Brazil, the industry and international markets. Therefore, they are subject to changes.
Luiz Cassiano Rando Rosolen - Chief Executive Officer
Earnings Release
1st quarter of 2025
HighlightsConsolidated order intake reached R$ 422.4 million in 1Q25, growth of 41.4% compared to 1Q24
Adjusted EBITDA R$18.0 million margin of 6.7%
Order intake for the Romi Machines Unit in 1Q25 increased by 31.2% compared to 1Q24, with increases observed both in the domestic market and in international sales.
Order Backlog R$817.8 million
+37.4% compared to 1Q24
At B+W Machines Unit, order intake in 1Q25 increased by 93.5% compared to the first quarter of 2024, and the order backlog reached R$430.0 million, an increase of 42.3% compared to the same period in 2024.
Order Intake R$422.4 million
+ 41.4% compared to 1Q24
Consolidated net operating revenue in 1Q25 reached R$ 273.1 million, 31.0% higher than in 1Q24.
The Romi Machines Unit posted an 18.1% increase in net operating revenue 1Q25 compared to 1Q24. During the same comparison period, the operating margin improved by 3.8 p.p.
The consolidated order backlog at the end of 1Q25 reached R$817.8 million, representing a 37.4% increase compared to 1Q24.
Other Highlights
On March 11, 2025, the Company's Board of Directors approved the payment of interest on capital in the gross amount of R$16.8 million (equivalent to R$0.18 per share), to be made on June 12, 2025.
During the week of March 24, the Plástico Brasil Exhibition took place, where ROMI participated, showcasing new technologies to the market, including the SC 550S Blower - New Generation, ROMI MX 20L Blower, and the new generation of the traditional ROMI EN Injection Molding Machine.
Earnings Release
1st quarter of 2025
R$'000
1Q24 4Q24 1Q25 Chg.
1Q25/4Q24
Chg.
1Q25/1Q24
Revenue
ROMI Machines (units) | 168 | 336 | 180 | -46.4% | 7.1% |
Burkhardt+Weber (units) | 1 | 13 | 4 | -69.2% | 300.0% |
Rough and Machined Cast Iron Parts (tons) | 2,148 | 2,192 | 2,351 | 7.3% | 9.5% |
Net Operating Revenue | 208,514 | 458,569 | 273,095 | -40.4% | 31.0% |
Gross margin (%) | 29.1% | 30.1% | 24.4% | ||
Operating Income (EBIT) | 13,204 | 55,698 | 1,406 | -97.5% | -89.4% |
Operating margin (%) | 6.3% | 12.1% | 0.5% | ||
Operating Income (EBIT) - adjusted (*) | 4,098 | 62,774 | 1,130 | -98.2% | -72.4% |
Operating margin (%) - adjusted (*) | 2.0% | 13.7% | 0.4% | ||
Net Income | 17,981 | 42,241 | 10,088 | -76.1% | -43.9% |
Net margin (%) | 8.6% | 9.2% | 3.7% | ||
Net Income - adjusted (*) | 9,160 | 49,317 | 9,819 | -80.1% | 7.2% |
Net margin (%) - adjusted (*) | 4.4% | 10.8% | 3.6% | ||
EBITDA | 27,317 | 72,052 | 18,247 | -74.7% | -33.2% |
EBITDA margin (%) | 13.1% | 15.7% | 6.7% | ||
EBITDA - adjusted (*) | 18,211 | 79,128 | 17,971 | -77.3% | -1.3% |
EBITDA margin (%) - adjusted (*) | 8.7% | 17.3% | 6.6% | ||
Investments ( **) | 29,315 | 37,018 | 38,570 | 4.2% | 31.6% |
(*) 1Q24, 4Q24, 1Q25: EBIT and EBITDA are adjusted by the amounts of R$9,106, (R$7,076), and R$276, respectively; and profit by the amounts of R$8,821, (R$7,076), and R$269, respectively, related to the recognition of the impacts of the Vila Romi Residence project, the sale of the land on Avenida JK, and the recognition of present value adjustment.
(**) Of the investments made in 1Q24, 4Q24, and 1Q25, the amounts of R$24.1 million, R$26.4 million, and R$31.3 million, respectively, refer to the machines manufactured by the Company that were allocated to the machine rental business.
Earnings Release
1st quarter of 2025
Corporate ProfileFounded in 1930, ROMI is a leader in the Brazilian market for industrial machines and equipment, and a key manufacturer of cast and machined parts.
Notably, ROMI is publicly listed on the B3 exchange's prestigious "New Market" segment, which is dedicated to companies with a strong commitment to corporate governance. Specializing in an extensive range of machine tools, ROMI manufactures Conventional Lathes, Computerized Numerical Control (CNC) Lathes, Lathing Centers, Machining Centers, Vertical and Horizontal Heavy and Extra-Heavy Lathes, and Drilling Mills. Additionally, ROMI manufactures Plastic Injection and Blow Molding Machines, as well as ductile or CDI gray cast iron parts, both raw and machined. A distinguishing feature of ROMI's products and services lies in its incorporation of Industry 4.0 technologies across its products and services. These advanced capabilities facilitate the intelligent utilization of data generated by ROMI equipment. The data can be processed internally through built-in artificial intelligence or transmitted via networks (connectivity) to a central analysis site. These high-quality equipment and solutions are globally distributed and widely adopted across various industrial sectors. Industries such as agricultural machinery, capital goods, consumer goods, packaging, tooling, hydraulic equipment, sanitation, automotive, and wind energy rely on ROMI's machinery for their operations.
ROMI operates a network of thirteen manufacturing units. These units encompass four facilities dedicated to the final assembly of industrial machinery, two foundries, four units for machining mechanical components, two units for manufacturing steel sheet components, and one unit for the assembly of electronic panels. While eleven units are based in Brazil, two are located in Germany. The Company's production capacity amounts to approximately 2,900 industrial machines and 50,000 metric tons of castings per year.
Earnings Release
1st quarter of 2025
Current Economic ScenarioOn April of 2025, the Entrepreneur Confidence Index in the industrial sector remained below the 50-point threshold for three consecutive months, reaching 48.0 points. This result reflects the uncertainties in the economic scenario and the prospect of rising interest rates in Brazil, indicating a neutral confidence level among entrepreneurs from the industrial sector. On the other hand, the industrial activity continues at high levels, as can be seen in the CNI - UCI chart below, demonstrating that Brazil remains competitive.
The external context remains a point of concern due to growth difficulties in major global economies, adjustments in monetary policies, and persistent geopolitical tensions. Despite the moment requiring caution, especially in investment decisions, we are strengthening our commercial and after-sales service structures in our overseas subsidiaries, aiming to continue expanding our presence in the markets where we operate and, mainly, consistently improving our customers' experience. In this first quarter of the year, we managed to achieve our initial objectives, and we remain focused on ROMI's growth in the foreign market.
Industrial Entrepreneur Confidence Index - ICEI
Source: CNI-ICEI, April 2025
According to data from the National Confederation of Industry (CNI), the Installed Capacity Utilization Index (UCI) of the national industry recorded 69% in February 2025, surpassing the historical average for the same month by 1 p.p. This high and stable level indicates that installed capacity utilization rate remains consistent, suggesting a more active industrial activity in the first months of 2025 compared to the same period in 2024.
Earnings Release
1st quarter of 2025
Average Installed Capacity Utilization (UCI)
Source: CNI - UCI, February 2025.
The capital goods market is characterized by a volatile business environment, requiring companies to efficiently manage production to face demand challenges. Recognizing this volatility, we have adopted an even more agile and flexible structure, capable of quickly adapting to market fluctuations. Several initiatives have been implemented in recent years, focusing on optimizing indirect structures and automating and digitizing internal processes. These actions allow us to respond more efficiently and quickly to changes, reinforcing our adaptability in a dynamic environment.
The Company has strategically prioritized the development of new product generations aligned with the technological advancements of Industry 4.0. This strategic focus has yielded significant advancements in technological content, resulting in a successful market reception of our recent product launches, both domestically and internationally. Looking ahead, ROMI remains committed to launching new machine generations and integrating cutting-edge technologies into our product portfolio, ensuring our continued relevance and competitiveness in the industry. In mid-2020, we also launched a solution for our customers, the rental of ROMI machines. This solution has proven to be highly competitive and has provided our customers with more business opportunities. With the aim of financially supporting our customers, in 2022 we created PRODZ, a company which offers credit lines for the purchase of machines, directly from ROMI, in an easy, agile, digital and uncomplicated way. Since 2022, PRODZ has supported
344 businesses, totaling R$139.9 million in credits granted to our customers. These new solutions have supported a large number of customers on their journeys of growth and success, demonstrating ROMI's strategic purpose of taking care of the success of its customers.
In the foreign market, we continue to strengthen our customer service structures to enhance the overall experience. We believe this approach is key to achieving sustainable international growth and market consolidation.
Earnings Release
1st quarter of 2025
MarketThe Company's main competitive advantages in the market continuous investments in product development and cutting-edge solutions, a direct distribution network in the country, in-house and ongoing technical assistance, machine rental services, attractive local currency financing for customers, and short product delivery times - are widely recognized, reinforcing the ROMI brand's traditional and prestigious reputation.
Order Intake
* The informed amounts related to order intake and order backlog do not include parts and services.
In 1Q25, ROMI Machines Unit posted an increase of 31.2% in order intake compared to the same period in 2024. This positive performance was driven by the Plástico Brasil Exhibition, held in March this year. In the international market, there was also an increase in order volume, reflecting the initial results of our strengthened sales and after-sales structures, aimed at bringing us closer to our customers and delivering a superior experience.
As previously mentioned, the new generations of products, with important technical evolutions in the mechatronic part, in thermal compensation and in connectivity, also allowed the Company to seek competitive alternatives to enable new business to its customers, such as, for example, the rental of machines. In the first quarter of 2025, 67 new machines have been rented or 76 new contracts (96 machines in 1Q24 or 100 new contracts), which represent approximately R$26.4 million (R$27.7 million in the first quarter of 2024).
The German subsidiary B+W continued to demonstrate its ability to develop competitive highly complex and customized technological solutions in 1Q25. As a result, order intake grew by 93.5% compared to 1Q24.
The Rough and Machined Cast Iron Parts Unit recorded a slight increase of 5.9% in order intake in 1Q25 compared to the same period in 2024, reflecting the gradual resumption the agricultural sector.
Order Backlog
Earnings Release
1st quarter of 2025
* The informed amounts related to order intake and order backlog do not include parts and services.
In the first quarter of 2025, the order backlog increased by 37.4% compared to the same period in 2024, mainly influenced by the increase at Romi Machines Unit and B+W Machines Unit - a result of the strong order intake performance during 1Q25.
Net Operating Revenue by Business Unit
The Company's net operating revenue in 1Q25 reached R$273.1 million, an increase of 31.0% compared to 1Q24, with growth across all business units. The expansion of new business generation in 2025, when compared to 2024, reflects the Company's ability to consistently develop competitive solutions and technologies aimed at enabling customers to achieve sustainable success in their activities.
ROMI MACHINES
The net operating revenue of this Business Unit achieved solid growth, reaching R$155.9 million in 1Q25, representing a 18.1% increase compared to 1Q24. This increase reflects the Company's continuous efforts to offer technological and advantageous solutions for the customer.
It is important to highlight that revenue from the Machine Rental business has become increasingly relevant to the total revenue of this Unit, being recognized monthly according to rental values. Thus, the revenue growth of this Unit, derived from rentals, will be reflected gradually over time. In 1Q25, the machine rental business accounted for 27.9% increase in net operating revenue compared to the same quarter of the previous year, accounting for approximately 25% of the revenue for this business unit.
Earnings Release
1st quarter of 2025
BURKHARDT+WEBER MACHINES
The revenue of German subsidiary B+W reached a total of R$73.3 million in 1Q25, an increase of 94.2% compared to 1Q24. This result reflects the order intake achieved in recent years, which has allowed a change in the historical pattern of the Unit, whose revenue was typically concentrated in the last quarter of the year. In 2025, a more balanced distribution of revenues across the quarters is observed.
ROUGH AND MACHINED CAST IRON PARTS
The net operating revenue of this Business Unit reached R$43.9 million in 1Q25, an increase of 13.4% compared to 1Q24.
Net Operating Revenue per Geographical Region
The domestic market accounted for 64% of ROMI's consolidated revenue in 1Q25 (65% in 1Q24). When considering the revenue generated from foreign markets, which includes sales by ROMI subsidiaries abroad (Germany, China, Spain, United States, France, Italy, Mexico and United Kingdom) as well as direct sales to other markets, the distribution of ROMI's consolidated revenue by geographical region was as follows:
The following shows the foreign market revenue, in Reais (R$) and in US dollars (US$):
Foreign Sales QUARTER
1Q24 4Q24 1Q25 Chg.
1Q25/4Q24
Chg.
1Q25/1Q24
Net Sales (R$ million) | 71.9 | 194.8 | 98.0 | -49.7% | 36.3% |
Net Sales (US$ million) | 14.4 | 35.6 | 16.8 | -52.8% | 16.7% |
Earnings Release
1st quarter of 2025
Gross and Operating Margins
The gross margin obtained in 1Q25 was 24.4%, a decrease of 5.7 p.p. compared to 1Q24. This reduction is due to two main factors: (i) the B+W Machines Unit, in 1Q24, delivered a technological package primarily composed of software, which has a higher margin; and (ii) low production and revenue volume in the Rough and Machined Cast Iron Parts Unit.
Quarter
Gross Margin | 1Q24 | 4Q24 | 1Q25 | Chg. 1Q25/4Q24 | Chg. 1Q25/1Q24 |
ROMI Machines | 43.2% | 41.1% | 45.1% | 3.9 | 1.9 |
Burkhardt+Weber Machines | 26.4% | 24.1% | 13.5% | (10.6) | (12.9) |
Rough and Machined Cast Iron Parts | -16.5% | -12.5% | -30.7% | (18.1) | (14.2) |
Total | 29.1% | 30.1% | 24.4% | (5.7) | (4.7) |
Quarter | |||||
EBIT Margin - Adjusted (*) | 1Q24 | 4Q24 | 1Q25 | Chg. 1Q25/4Q24 | Chg. 1Q25/1Q24 |
ROMI Machines | 13.7% | 23.2% | 17.5% | (5.6) | 3.8 |
Burkhardt+Weber Machines | -0.4% | 11.5% | -5.5% | (17.0) | (5.1) |
Rough and Machined Cast Iron Parts | -35.7% | -33.0% | -50.4% | (17.4) | (14.7) |
Total | 2.0% | 13.7% | 0.4% | (13.3) | (1.6) |
(*) 1Q24, 4Q24, 1Q25: EBIT and EBITDA are adjusted by the amounts of R$9,106, (R$7,076), and R$276, respectively; and profit by the amounts of R$8,821, (R$7,076), and R$269, respectively, related to the recognition of the impacts of the Vila Romi Residence project, the sale of the land on Avenida JK, and the recognition of present value adjustments.
ROMI MACHINES
The gross margin of this Business Unit in 1Q25 reached 45.1%, a level higher than that achieved in 1Q24. The increase in revenue volume, the larger share of the machine rental business within this business unit, and the improvement in export margins due to the exchange rate were the main factors driving the gross margin in this quarter. The growth in net operating revenue and gross margin allowed for an adjusted EBIT operating margin of 17.5% in 1Q25, reflecting an increase of 3.8 p.p. compared to 1Q24.
BURKHARDT+WEBER MACHINES
In the first quarter of 2025, the company's gross and operating margins decreased by
12.9 p.p. and 5.1 p.p., respectively, compared to the same period in 2024, they were heavily impacted by the revenue mix in the periods presented, where in 1Q24, there was the delivery package mainly represented by software solutions, which have a higher margin than machinery.
Earnings Release
1st quarter of 2025
ROUGH AND MACHINED CAST IRON PARTS
In 1Q25 the gross margin of this Business Unit decreased by 14.2 p.p., compared to 1Q24, and the operating margin (EBIT) also decreased, in the same comparison period, by
14.7 p.p. The low production volume, a reflection of the slowdown in the wind power and agricultural segments, combined with the high fixed costs of this Business Unit, has impacted operating margins.
EBITDA and EBITDA Margin
In 1Q25, the operating cash generation as measured by adjusted EBITDA amounted to R$18.0 million, representing an adjusted EBITDA margin of 6.7% in the quarter, as shown in the table below:
Reconciliation of
Quarter
Net Income to EBITDA
(R$ 000) 1Q24 4Q24 1Q25 Chg.
1Q25/4Q24
Chg.
1Q25/1Q24
Net Income | 17,981 | 42,241 | 10,088 | -76.1% | -43.9% |
Income tax and social contributions | (1,768) | 11,108 | (3,167) | -128.5% | 79.1% |
Net Financial Income | (3,009) | 2,349 | (5,515) | -334.8% | 83.3% |
Depreciation and amortization | 14,113 | 16,354 | 16,841 | 3.0% | 19.3% |
EBITDA | 27,317 | 72,052 | 18,247 | -74.7% | -33.2% |
EBITDA Margin | 13.1% | 15.7% | 6.7% | ||
EBITDA - Adjusted (*) | 18,211 | 79,128 | 17,971 | -77.3% | -1.3% |
EBITDA Margin - Adjusted (*) | 8.7% | 17.3% | 6.6% |
Total Net Operating Revenue 208,514 458,569 273,095 -40.4% 31.0%
(*) 1Q24, 4Q24, 1Q25: EBIT and EBITDA are adjusted by the amounts of R$9,106, (R$7,076), and R$276, respectively; and profit by the amounts of R$8,821, (R$7,076), and R$269, respectively, related to the recognition of the impacts of the Vila Romi Residence project, the sale of the land on Avenida JK, and the recognition of present value adjustments.
Adjusted Profit for the Period
The adjusted profit for 1Q25 was R$9.2 million, an increase of 7.2% compared to 1Q24.
Earnings Release
1st quarter of 2025
Evolution of Net Cash (Debt) PositionThe main changes in net cash position during the first quarter of 2025, in thousands of reais, are described below:
*The balances recognized under "Investments" are net of the impacts recognized in accordance with CPC 06 (R2) - Leases, equivalent to international standard IFRS 16 - Leases.
In the first quarter of 2025, the net cash position had the following variations:
Investments aimed at maintenance, productivity, flexibility, and competitiveness of the units in the industrial park and, mainly, related to the new machine rental business (R$31,254 in 1Q25);
Payment of interest on capital and interim dividends, declared in December and paid during the quarter in the amount of R$20,777;
Reduction in Accounts Receivable, primarily due to revenue from the B+W Unit on 1Q25.
The increase in the inventory line item is related to the order backlog of the B+W Unit, which in 1Q25 posted a growth of 25.5%.
Earnings Release
1st quarter of 2025
Financial PositionThe Company's borrowings are used mainly for investments in the modernization of its manufacturing facilities, research and development of new products, and financing of exports and imports. As at March 31, 2025, the amount of financing in local currency was R$199.1 million, and in foreign currency R$202.3 million, totaling R$401.4 million, of which R$75.1 million maturing in up to 12 months.
Short-term investments are made with prime institutions with low credit risk and their yield is mainly linked to the Interbank Certificate of Deposit (CDI). The consolidated net cash position as at March 31, 2025 was negative by R$106.4 million.
As at March 31, 2025, the Company recorded R$295.0 million as cash and cash equivalents and short-term investments.
The balances recorded under "Finame Manufacturer Financing" are not used in the calculation of the Company's net debt. As at March 31, 2025, the Company did not have any derivative transactions.
Earnings Release
1st quarter of 2025
Capital Markets
Share Performance ROMI3 x Ibovespa
Period: March 1, 2023 to April 14, 2025
Note: The performance of ROMI3 shares shown in the graph considers the retroactive calculation of the impact of bonuses that occurred in March 2023 and March 2024 to reflect the new number of shares outstanding after these events.
On April 14, 2025 the Company's common shares (ROMI3), which were quoted at R$9.10, posted devaluation of 35.4% since March 31, 2023 and appreciation of 7.8% since December 31, 2024. The Ibovespa posted increase of 27.1% and 7.6%, respectively, in the same periods.
The Company's market capitalization on April 14, 2025 was R$847.85 million. The average daily trading volume during 1Q25 was R$ 1.9 million.
Docusign Envelope ID: 74DABFD2-3A66-4BDA-B214-EA12DD506AE5
Consolidated Balance Sheet
Consolidated Balance Sheet
IFRS (R$ 000)
Earnings Release
1st quarter of 2025
17
ASSETS 03/31/24 12/31/24 03/31/25 LIABILITIES AND SHAREHOLDER'S EQUITY 03/31/24 12/31/24 03/31/25
CURRENT | 1,386,561 | 1,576,066 | 1,512,376 |
Cash and Cash equivalents | 239,768 | 262,220 | 242,363 |
Financial investments | 61,100 | 99,476 | 52,591 |
Trade accounts receivable | 191,480 | 209,783 | 169,271 |
Trade accounts receivable - PRODZ financing | 36,899 | 51,476 | 52,158 |
Onlending of Finame manufacturer financing | 169,513 | 177,517 | 182,856 |
Inventories | 646,105 | 715,544 | 733,467 |
Invetories of rental machines intended for sale | - | 22,987 | 24,287 |
Recoverable taxes | 21,374 | 18,609 | 29,842 |
Other receivables | 20,322 | 18,454 | 25,542 |
NON CURRENT | 345,773 | 409,768 | 401,514 |
Trade accounts receivable | 2,838 | 21,846 | 17,716 |
Trade accounts receivable - PRODZ financing | 29,085 | 29,508 | 26,472 |
Onlending of Finame manufacturer financing | 209,815 | 248,657 | 241,861 |
Recoverable taxes | 61,632 | 65,599 | 66,568 |
Deferred income and social contribution taxes | 20,012 | 23,288 | 27,500 |
Judicial Deposits | 12,143 | 12,131 | 12,131 |
Other receivables | 10,248 | 8,739 | 9,266 |
INVESTMENTS | |||
Property, Plant and Equipment | 468,183 | 497,420 | 505,917 |
Investment Properties | 15,183 | 14,283 | 14,283 |
Intangible assets | 43,862 | 49,086 | 46,408 |
873,001 | 970,557 | 968,122 | |
TOTAL ASSETS | 2,259,562 | 2,546,623 | 2,480,498 |
CURRENT | 615,048 | 761,139 | 714,267 |
Loans and financing | 146,301 | 147,148 | 75,077 |
Finame manufacturer financing | 159,163 | 196,847 | 214,852 |
Trade accounts payable | 81,987 | 110,420 | 113,319 |
Payroll and related taxes | 32,633 | 38,096 | 35,954 |
Taxes payables | 8,313 | 10,820 | 7,818 |
Advances from customers | 136,827 | 187,257 | 202,262 |
Related parties | 263 | 4,797 | 494 |
Dividends | 9,417 | 17,817 | 14,625 |
Provision for contingent liabilities | 5,580 | 5,921 | 6,475 |
Other payables | 34,564 | 42,016 | 43,391 |
NON CURRENT | 465,577 | 556,471 | 546,625 |
Loans and financing | 217,474 | 317,259 | 326,336 |
Finame manufacturer financing | 208,902 | 194,230 | 178,304 |
Deferred income and social contribution taxes | 33,141 | 38,660 | 36,997 |
Reserve for contingencies | 403 | 451 | 199 |
Other payables | 5,657 | 5,871 | 4,789 |
TOTAL LIABILITIES | 1,080,625 | 1,317,610 | 1,260,892 |
SHAREHOLDER'S EQUITY | 1,177,374 | 1,226,745 | 1,218,038 |
Capital | 988,470 | 988,470 | 988,470 |
Retained earnings | 118,843 | 150,565 | 143,767 |
Cumulative translation adjustments | 70,061 | 87,710 | 85,801 |
NON CONTROLLING INTERESTS | 1,563 | 2,268 | 1,569 |
TOTAL SHAREHOLDER'S EQUITY | 1,178,937 | 1,229,013 | 1,219,607 |
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY | 2,259,562 | 2,546,623 | 2,480,498 |
Earnings Release
1st quarter of 2025
Consolidated Income Statement
Consolidated Income Statement IFRS (R$ 000)
1Q24 4Q24 1Q25 Chg.
1Q25/4Q24
Chg.
1Q25/1Q24
Net Operating Revenue | 208,514 | 458,569 | 273,095 | -40.4% | 31.0% |
Cost of Goods Sold | (147,889) | (320,435) | (206,421) | -35.6% | 39.6% |
Gross Profit | 60,625 | 138,134 | 66,674 | -51.7% | 10.0% |
Gross Margin % | 29.1% | 30.1% | 24.4% | ||
Operating Expenses | (47,421) | (75,360) | (65,268) | -13.4% | 37.6% |
Selling expenses | (23,399) | (33,515) | (28,682) | -14.4% | 22.6% |
Research and development expenses | (7,060) | (7,407) | (7,718) | 4.2% | 9.3% |
General and administrative expenses | (23,860) | (31,149) | (26,387) | -15.3% | 10.6% |
Management profit sharing and compensation | (2,703) | (4,929) | (3,910) | -20.7% | 44.7% |
Other operating income, net | 9,601 | 1,640 | 1,429 | -12.9% | -85.1% |
Operating Income (loss) before Financial Results | 13,204 | 55,698 | 1,406 | -97.5% | -89.4% |
Operating Margin % | 6.3% | 12.1% | 0.5% | ||
Operating Income (loss) before Financial Results - Adjusted (*) | 4,098 | 62,774 | 1,130 | -98.2% | -72.4% |
Operating Margin % - Adjusted (*) | 2.0% | 13.7% | 0.4% | ||
Financial Results, Net | 3,009 | (2,349) | 5,515 | -334.8% | 83.3% |
Financial income | 7,566 | 6,602 | 10,007 | 51.6% | 32.3% |
Financial expenses | (5,808) | (8,191) | (6,833) | -16.6% | 17.6% |
Exchance gain (loss), net | 1,251 | (760) | 2,341 | -408.0% | 87.1% |
Operations Operating Income | 16,213 | 53,349 | 6,921 | -87.0% | -57.3% |
Income tax and social contribution | 1,768 | (11,108) | 3,167 | -128.5% | 79.1% |
Net Income | 17,981 | 42,241 | 10,088 | -76.1% | -43.9% |
Net Margin % | 8.6% | 9.2% | 3.7% | ||
Net income - Adjusted (*) | 9,160 | 49,317 | 9,819 | -80.1% | 7.2% |
Net Margin % - Adjusted (*) | 4.4% | 10.8% | 3.6% | ||
Net profit concerning: | |||||
Controlling interests | 17,874 | 42,136 | 9,976 | -76.3% | -44.2% |
Non controlling interests | 107 | 105 | 112 | 6.7% | 4.7% |
EBITDA | 27,317 | 72,052 | 18,247 | -74.7% | -33.2% |
Profit for the period | 17,981 | 42,241 | 10,088 | -76.1% | -43.9% |
Income tax and social contribution | (1,768) | 11,108 | (3,167) | -128.5% | 79.1% |
Financial result, net | (3,009) | 2,349 | (5,515) | -334.8% | 83.3% |
Depreciation and amortization | 14,113 | 16,354 | 16,841 | 3.0% | 19.3% |
EBITDA Margin % | 13.1% | 15.7% | 6.7% | ||
EBITDA - Adjusted (*) | 18,211 | 79,128 | 17,971 | -77.3% | -1.3% |
EBITDA Margin % - Adjusted (*) | 8.7% | 17.3% | 6.6% | ||
Nº of shares in capital stock (th) | 93,171 | 93,171 | 93,171 | ||
Profit per share - R$ | 0.19 | 0.45 | 0.11 |
(*) 1Q24, 4Q24, 1Q25: EBIT and EBITDA are adjusted by the amounts of R$9,106, (R$7,076), and R$276, respectively; and profit by the amounts of R$8,821, (R$7,076), and R$269, respectively, related to the recognition of the impacts of the Vila Romi Residence project, the sale of the land on Avenida JK, and the recognition of present value adjustments.
Earnings Release
1st quarter of 2025
Consolidated Cash Flow Statement | |||
Consolidated Cash Flow Statement IFRS (R$ 000) | |||
1Q24 | 4Q24 | 1Q25 | |
Cash from operating activities | |||
Net Income before taxation | 16,213 | 53,349 | 6,921 |
Financial expenses and exchange gain | 3,607 | 31,734 | (5,984) |
Depreciation and amortization | 14,113 | 16,352 | 16,841 |
Allowance for doubtful accounts and other receivables | 779 | 3,089 | 3,124 |
Proceeds from sale of fixed assets and intangibles | (7,085) | (9,374) | 11,652 |
Provision for inventory realization | (178) | (2,370) | 1,900 |
Reserve for contingencies | 1,556 | (282) | 107 |
Trade accounts receivable | 21,422 | 28,198 | 39,110 |
Onlending of Finame manufacturer financing | 52,784 | (99,207) | 1,225 |
Inventories | (39,007) | 68,856 | (14,140) |
Recoverable taxes, net | (8,782) | 21,722 | (16,414) |
Judicial deposits | 7 | - | - |
Other receivables | (2,652) | 7,948 | (6,316) |
Trade accounts payable | 1,527 | (31,999) | 5,812 |
Payroll and related taxes | (6,432) | (14,367) | (2,142) |
Taxes payable | (6,686) | (3,990) | (896) |
Advances from customers | 27,017 | 13,390 | 15,005 |
Other payables | (1,650) | 15,770 | (2,975) |
Cash provided by (used in) operating activities | 66,553 | 98,819 | 52,830 |
Income tax and social contribution paid | (243) | (1,405) | (602) |
Net Cash provided by (used in) operating activities | 66,310 | 97,414 | 52,228 |
Financial Investments | (29,034) | (41,127) | 46,885 |
Purchase of fixed assets | (33,538) | (36,707) | (40,771) |
Sales of fixed assets | 15,815 | 25,538 | 1,021 |
Purchase of intangible assets | (14) | (15) | - |
Net cash Used in Investing Activities | (46,771) | (52,311) | 7,135 |
Interest on capital paid | (376) | (30,154) | (20,777) |
New loans and financing | 60,302 | 106,915 | 28,844 |
Payments of loans and financing | (90,893) | (109,578) | (80,761) |
Interests paid (including Finame manufacturer financing) | (12,204) | (9,230) | (5,754) |
New loans in Finame manufacturer | 24,347 | 99,400 | 44,774 |
Payment of Finame manufacturer financing | (41,708) | (40,466) | (42,092) |
Net Cash provided by (used in) Financing Activities | (60,532) | 16,887 | (75,766) |
Increase (decrease) in cash and cash equivalents | (40,993) | 61,990 | (16,403) |
Exchange variation changes on cash and cash equivalents abroad | (1,657) | 19,004 | (3,454) |
Cash and cash equivalents - beginning of period | 282,418 | 181,226 | 262,220 |
Cash and cash equivalents - end of period | 239,768 | 262,220 | 242,363 |
Earnings Release
1st quarter of 2025
Attachment I - Income Statement by Business Unit
R$ 000
ROMI
Machines
Burkhardt + Weber Machines
Rough and Machined Cast Iron Parts
Total
Net Operating Revenue | 155,870 | 73,277 | 43,948 | 273,095 |
Cost of Sales and Services | (68,739) | (63,365) | (74,317) | (206,421) |
Business Units Transfers | 661 | - | 17,542 | 18,203 |
Business Units Transfers | (17,542) | - | (661) | (18,203) |
Gross Profit | 70,249 | 9,912 | (13,487) | 66,674 |
Gross Margin % | 45.1% | 13.5% | -30.7% | 24.4% |
Operating Expenses | (42,900) | (13,971) | (8,672) | (65,544) |
Selling | (20,754) | (6,371) | (1,556) | (28,682) |
General and Administrative | (14,399) | (7,600) | (4,388) | (26,387) |
Research and Development | (6,324) | - | (1,394) | (7,718) |
Management profit sharing | (2,576) | - | (1,334) | (3,910) |
Other operating revenue | 1,153 | - | - | 1,153 |
Operating loss before Financial Results - Adjusted (*) | 27,350 | (4,059) | (22,160) | 1,131 |
Operating Margin % - Adjusted (*) | 17.5% | -5.5% | -50.4% | 0.4% |
Depreciation and amortization | 10,946 | 1,740 | 4,155 | 16,841 |
EBITDA - Adjusted (*) | 38,296 | (2,319) | (18,005) | 17,972 |
EBITDA Margin % - Adjusted (*) | 24.6% | -3.2% | -41.0% | 6.6% |
Income Statement by Business Units - 1Q24
R$ 000
ROMI
Machines
Burkhardt + Weber Machines
Rough and Machined Cast Iron Parts
Total
Net Operating Revenue | 132,005 | 37,738 | 38,771 | 208,514 |
Cost of Sales and Services | (62,938) | (27,758) | (57,193) | (147,889) |
Business Units Transfers | 260 | - | 12,274 | 12,534 |
Business Units Transfers | (12,274) | - | (260) | (12,534) |
Gross Profit | 57,053 | 9,980 | (6,408) | 60,625 |
Gross Margin % | 43.2% | 26.4% | -16.5% | 29.1% |
Operating Expenses | (38,936) | (10,146) | (7,445) | (56,527) |
Selling | (18,568) | (3,338) | (1,493) | (23,399) |
General and Administrative | (13,331) | (6,808) | (3,721) | (23,860) |
Research and Development | (5,623) | - | (1,437) | (7,060) |
Management profit sharing | (1,909) | - | (794) | (2,703) |
Other operating revenue | 495 | - | - | 495 |
Operating loss before Financial Results - Adjusted (*) | 18,117 | (166) | (13,853) | 4,098 |
Operating Margin % - Ajusted (*) | 13.7% | -0.4% | -35.7% | 2.0% |
Depreciation and amortization | 9,690 | 862 | 3,560 | 14,113 |
EBITDA - Adjusted (*) | 27,807 | 697 | (10,293) | 18,211 |
EBITDA Margin % - Adjusted (*) | 21.1% | 1.8% | -26.5% | 8.7% |
(*) 1Q24, 4Q24, 1Q25: EBIT and EBITDA are adjusted by the amounts of R$9,106, (R$7,076), and R$276, respectively; and profit by the amounts of R$8,821, (R$7,076), and R$269, respectively, related to the recognition of the impacts of the Vila Romi Residence project, the sale of the land on Avenida JK, and the recognition of present value adjustments.
Earnings Release
1st quarter of 2025
Attachment II - Financial Statements of B+W
Burkhardt + Weber Balance Sheet
(€ 000)
ASSETS 03/31/24 12/31/24 03/31/25
CURRENT | 34,192 | 47,909 | 47,648 |
Cash and Cash equivalents | 432 | 7,846 | 7,597 |
Trade accounts receivable | 7,816 | 10,741 | 9,775 |
Inventories | 22,501 | 26,369 | 25,887 |
Recoverable taxes | 758 | 268 | 689 |
Deferred income and social contribution taxes | 1,267 | 1,647 | 1,999 |
Related Parties | 459 | 178 | 327 |
Other receivables | 959 | 861 | 1,375 |
Investments | |||
Property, plant and equipment | 11,747 | 11,448 | 11,244 |
Intangible assets | 8,025 | 7,576 | 7,445 |
TOTAL ASSETS | 53,964 | 66,933 | 66,337 |
LIABILITIES AND SHAREHOLDER'S EQUITY 03/31/24 12/31/24 03/31/25
CURRENT | 26,650 | 41,135 | 41,268 |
Loans and financing | 527 | 7,354 | 4,285 |
Trade accounts payable | 2,183 | 2,196 | 2,208 |
Payroll and related taxes | 1,343 | 829 | 1,126 |
Taxes payable | 188 | 323 | 137 |
Advances from customers | 16,449 | 21,852 | 24,933 |
Other payables | 2,943 | 3,548 | 4,145 |
Related Parties | 3,017 | 5,033 | 4,434 |
NON CURRENT | 7,694 | 7,264 | 7,225 |
Loans and financing | 4,210 | 3,915 | 3,915 |
Deferred income and social contribution taxes | 3,483 | 3,349 | 3,310 |
SHAREHOLDER'S EQUITY | 19,621 | 18,534 | 17,844 |
Capital | 7,025 | 7,025 | 7,025 |
Profit (losses) accumulated | 12,596 | 11,509 | 10,819 |
TOTAL LIABILITIES AND SHAREHOLDER'S EQUITY | 53,964 | 66,933 | 66,337 |
Earnings Release
1st quarter of 2025
Burkhardt + Weber Income
Statement
1Q24 4Q24 1Q25
Net Operating Revenue | 7,006 | 40,313 | 11,900 |
Cost of Goods Sold | (5,153) | (19,125) | (10,425) |
Gross Profit | 1,853 | 21,189 | 1,475 |
Gross Margin % | 26.4% | 52.6% | 12.4% |
Operating Expenses | (1,884) | (2,715) | (2,269) |
Selling expenses | (620) | (1,480) | (1,035) |
General and administrative expenses | (1,264) | (1,235) | (1,234) |
Operating Income before Financial Results | (31) | 18,473 | (794) |
Operating Margin % | -0.4% | 45.8% | -6.7% |
Financial Results, Net | (128) | (204) | (314) |
Net Income before tax and social contributio | (158) | 18,270 | (1,108) |
Income tax and social contribution | 149 | (759) | 352 |
Net income | (9) | 17,511 | (756) |
Net Margin % | -0.1% | 43.4% | -6.4% |
EBITDA | 283 | 18,795 | (512) |
Net income / loss for the period | (9) | 17,511 | (756) |
Income tax and social contribution | (149) | 759 | (352) |
Financial income, net | 128 | 204 | 314 |
Depreciation and amortization | 314 | 321 | 282 |
EBITDA Margin % | 4.0% | 46.6% | -4.3% |
ROMI S.A.
CNPJ - 56.720.428/0014-88/NIRE 35.300.036.751 PUBLICLY-HELD COMPANY
OFFICERS' REPRESENTATION ON THE FINANCIAL STATEMENTS
We, the officers listed below, represent that the individual and consolidated interim financial statements as at and for the quarter ended March 31, 2025 have been prepared, reviewed and discussed by us and nothing has come to our attention that causes us to believe that any further adjustments or disclosures are necessary.
Santa Bárbara d'Oeste, April 15, 2025
Luiz Cassiano Rando Rosolen - Chief Executive Officer Fernando Marcos Cassoni - Vice-President
Fábio Barbanti Taiar - Executive Officer Douglas Pedro de Alcântara - Executive Officer Mauricio Lanzellotti Lopes - Executive Officer Tales Caires Aquino - Executive Officer
ROMI S.A.
CNPJ - 56.720.428/0014-88/NIRE 35.300.036.751 PUBLICLY-HELD COMPANY
OFFICERS' REPRESENTATION ON THE INDEPENDENT AUDITOR'S REPORT
We, the officers listed below, represent that we have reviewed, discussed and agreed with the Report on Review issued by PricewaterhouseCoopers Contadores Públicos Ltda. on the individual and consolidated financial statements of ROMI S.A. as at and for the quarter ended March 31, 2025.
Santa Bárbara d'Oeste, April 15, 2025
Luiz Cassiano Rando Rosolen - Chief Executive Officer Fernando Marcos Cassoni - Vice-President
Fábio Barbanti Taiar - Executive Officer Douglas Pedro de Alcântara - Executive Officer Mauricio Lanzellotti Lopes - Executive Officer Tales Caires Aquino - Executive Officer
(A free translation of the original in Portuguese)
Romi S.A.
Quarterly Information (ITR) at March 31, 2025
and report on review of quarterly information
(A free translation of the original in Portuguese)
Report on review of quarterly information
To the Board of Directors and Shareholders Romi S.A.
Introduction
We have reviewed the accompanying parent company and consolidated interim accounting information of Romi S.A. ("Company"), included in the Quarterly Information Form (ITR) for the quarter ended March 31, 2025, comprising the balance sheet at that date and the statements of income, comprehensive income, changes in equity and cash flows for the quarter then ended, and explanatory notes.
Management is responsible for the preparation of the parent company and consolidated interim accounting information in accordance with the accounting standard CPC 21, Interim Financial Reporting, of the Brazilian Accounting Pronouncements Committee (CPC) and International Accounting Standard (IAS) 34, Interim Financial Reporting issued by the International Accounting Standards Board (IASB) as well as the presentation of this information in accordance with the standards applicable to real estate development entities in Brazil registered with the Brazilian Securities Commission (CVM), applicable to the preparation of the Quarterly Information (ITR). Our responsibility is to express a conclusion on this interim accounting information based on our review.
Scope of review
We conducted our review in accordance with Brazilian and International Standards on Reviews of Interim Financial Information (NBC TR 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of the Entity, respectively). A review of interim information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Brazilian and International Standards on Auditing and consequently did not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.
Conclusion
Based on our review, nothing has come to our attention that causes us to believe that the accompanying parent company and consolidated interim accounting information included in the quarterly information referred to above has not been prepared, in all material respects, in accordance with CPC 21 and IAS 34, and presented in accordance with the standards issued by the CVM applicable to real estate development entities in Brazil, registered with the CVM, applicable to the preparation of the Quarterly Information.
4
PricewaterhouseCoopers Auditores Independentes Ltda. Av. Bailarina Selma Parada, 505, 11o andar, Conj. 1103, Ed. Sky Galleria, Campinas, SP, Brasil, 13091-605
Romi S.A.
Emphasis of matter
As described in Note 2, the parent company and consolidated interim financial information, included in the Quarterly Information Form (ITR), were prepared in accordance with the accounting standard CPC 21 and International Accounting Standard IAS 34, applicable to Brazilian real estate development entities registered with the Brazilian Securities Commission (CVM). Accordingly, the definition of the accounting policy adopted by the entity for the recognition of revenue from purchase and sale agreements of real estate units under construction, as regards the aspects related to transfer of control, are in accordance with the understanding of the CVM in Circular Letter/CVM/SNC/SEP 02/2018 on the application of NBC TG 47 (IFRS 15). Our conclusion is not modified in respect of this matter.
Other matters
Presentation of comparative information
The Quarterly Information (ITR) referred to in the first paragraph includes comparative information for the statements of income, of changes in equity, of cash flows and value added for the quarter ended March 31, 2024 which were extracted from the Quarterly
Information (ITR) for that quarter in addition to the balance sheets as of December 31, 2024, extracted from the financial statements as of December 31, 2024, presented for comparison purposes. The review of the Quarterly Information (ITR) for the quarter ended
March 31, 2024 and the audit of the financial statements as at and for the year ended December 31, 2024 were conducted by another firm of auditors, who issued unmodified review and audit reports dated April 16, 2024 and February 4, 2025, respectively.
Statements of value added
The quarterly information referred to above includes the parent company and consolidated statements of value added for the quarter ended March 31, 2025. These statements are the responsibility of the Company's management and are presented as supplementary information under IAS 34. These statements have been subjected to review procedures performed together with the review of the quarterly information for the purpose of concluding whether they are reconciled with the interim accounting information and accounting records, as applicable, and if their form and content are in accordance with the criteria defined in the accounting standard CPC 09 - "Statement of Value Added". Based on our review, nothing has come to our attention that causes us to believe that these statement of value added have not been properly prepared, in all material respects, in accordance with the criteria established in this accounting standard, and consistent with the parent company and consolidated interim accounting information taken as a whole.
Campinas, April 15, 2025
PricewaterhouseCoopers Diogo Maros de Carvalho
Auditores Independentes Ltda. Contador CRC 1SP248874/O-8 CRC 2SP027613/F-1
ContentsIndividul parent company financial statements
Balance sheet - Assets 1
Balance sheet - Liabilities 2
Statement of income 3
Statement of comprehensive income 4
Statement of cash flows (Indirect method) 5
Statement of changes in shareholders' equity
Statement of changes in shareholders' equity (DMPL) - 01/01/2025 - 03/31/2025 6
Statement of changes in shareholders' equity (DMPL) - 01/01/2024 - 03/31/2024 7
Statement of added value 8
Consolidated financial statements
Balance sheet - Assets 9
Balance sheet - Liabilities 10
Statement of income 11
Statement of comprehensive income 12
Statement of cash flows (Indirect method) 13
Statement of changes in shareholders' equity
Statement of changes in shareholders' equity (DMPL) - 01/01/2025 - 03/31/2025 14
Statement of changes in shareholders' equity (DMPL) - 01/01/2024 - 03/31/2024 15
Statement of added value 16
Explanatory Notes 17
Company information / Breakdown of capital
(Convenience Translation into English from the Original Previously Issued in Portuguese)
Quantity of shares | Current quarter |
(Unit) | 03/31/2025 |
Paid-in capital | |
Common | 93,170,747 |
Preferred | 0 |
Total | 93,170,747 |
Treasury | |
Common | 0 |
Preferred | 0 |
Total | 0 |
Individual financial statements / Balance sheet - Assets
(In thousands of reais)
(Free Translation into English from the Original Previously Issued in Portuguese)
Code of | Account description | Current quarter | Prior year |
account | 03/31/2025 | 12/31/2024 | |
1 | Total assets | 2,166,822 | 2,202,192 |
1.01 | Current assets | 978,543 | 1,002,553 |
1.01.01 | Cash and cash equivalents | 130,673 | 119,073 |
1.01.02 | Financial investments | 7,640 | 50,230 |
1.01.02.01 | Financial investments measured at fair value through profit or loss | 7,640 | 50,230 |
1.01.02.01.01 | Trading securities | 7,640 | 50,230 |
1.01.03 | Accounts receivable | 282,088 | 313,691 |
1.01.03.01 | Trade receivables | 268,758 | 285,963 |
1.01.03.01.01 | Trade accounts receivable | 85,902 | 108,446 |
1.01.03.01.02 | Onlending of FINAME - manufacturer financing | 182,856 | 177,517 |
1.01.03.02 | Other accounts receivable | 13,330 | 27,728 |
1.01.04 | Inventories | 503,691 | 478,208 |
1.01.06 | Recoverable taxes | 17,027 | 8,748 |
1.01.06.01 | Current taxes recoverable | 17,027 | 8,748 |
1.01.08 | Other current assets | 37,424 | 32,603 |
1.01.08.03 | Other | 37,424 | 32,603 |
1.01.08.03.01 | Rental machines intended for sale | 24,287 | 22,987 |
1.01.08.03.02 | Other credits | 13,137 | 9,616 |
1.02 | Non-current assets | 1,188,279 | 1,199,639 |
1.02.01 | Non-current receivables | 427,714 | 439,595 |
1.02.01.04 | Accounts receivable | 243,746 | 253,605 |
1.02.01.04.01 | Trade accounts receivable | 1,885 | 4,948 |
1.02.01.04.02 | Onlending of FINAME - manufacturer financing | 241,861 | 248,657 |
1.02.01.07 | Deferred taxes | 17,049 | 14,730 |
1.02.01.07.01 | Deferred income tax and social contribution | 17,049 | 14,730 |
1.02.01.09 | Receivables from related parties | 77,369 | 83,217 |
1.02.01.09.02 | Receivables from subsidiaries | 77,369 | 83,217 |
1.02.01.10 | Other non-current assets | 89,550 | 88,043 |
1.02.01.10.03 | Taxes recoverable | 66,562 | 65,593 |
1.02.01.10.04 | Judicial deposits | 12,131 | 12,131 |
1.02.01.10.05 | Other credits | 10,857 | 10,319 |
1.02.02 | Investments | 333,324 | 346,796 |
1.02.02.01 | Equity interest | 319,824 | 333,296 |
1.02.02.01.02 | Interest in subsidiaries | 319,824 | 333,296 |
1.02.02.02 | Investment property | 13,500 | 13,500 |
1.02.03 | Property, plant and equipment | 426,979 | 412,911 |
1.02.03.01 | Fixed assets in operation | 426,979 | 412,911 |
1.02.04 | Intangible assets | 262 | 337 |
1.02.04.01 | Intangible assets | 262 | 337 |
1.02.04.01.01 | Concession agreement | 262 | 337 |