Earnings Conference Call 2Q25
August 8th, 2025
HIGHLIGHTS 2Q25
Transported Volume
(RTK bn)
21.8
(+4% vs 2Q24)
North Operation
(RTK bn)
17.8
(+8% vs 2Q24)
Energy Efficiency
(Liters/'000 TK)
- 5%
(vs 2Q24)
Fixed Costs and Expenses
(BRL mln)
- R$ 19
(-3% vs 2Q24)
EBITDA
Adjusted1 (BRL mln)
R$ 2,279
(+6% vs 2Q24)
Net Income
Adjusted1 (BRL mi)
R$ 731
(+1% vs 2Q24)
Dividends
(BRL bn)
R$ 1.5
Leverage
Net Debt/Adjusted EBITDA
1.8x
3
¹Excluding the effect of non-recurring events. For more available information, please refer to the Earnings Release.
GRAINS MARKET SHARE (Soybean, corn and soybean meal)
Mato Grosso
(MT)
-2 p.p.
44%
42%
2Q24
2Q25
Goiás
(GO)
-1 p.p.
25%
24%
2Q24
2Q25
Santos Port
(SP)
-1 p.p.
52%
51%
2Q24
2Q25
Paranaguá (PR) and São Francisco do Sul (SC) Ports
-1 p.p.
29%
28%
2Q24
2Q25
4
OPERATIONAL INDICATORS
North Operation Transit Time (hours)
-13%
97 87 83 842022 2023 2024 LTM
+1%
83 84
2Q24 2Q25
Dwell Time in Santos (hours)
+2%
-2,5%
15.4
15.7
16.5
16.6
16.0
16.1
2022
2023
2024
LTM
2Q24
2Q25
Consolidated Diesel Consumption (liters/ '000 TK)
-1%
3.37 3.45 3.41 3.35
2022 2023 2024 LTM
-5%
3.36 3.21
2Q24 2Q25
5
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