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Kepler Weber (KEPL3) investor relations material
Kepler Weber Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net revenues reached R$423.3 million in 3Q25, among the best third quarters in company history, with EBITDA of R$73.6 million (17.4% margin) and net income of R$51.6 million (12.2% margin), reflecting resilience and efficiency improvements despite a challenging macroeconomic environment.
3Q25 EBITDA represented 45% of the year-to-date total, highlighting operational strength and structural business evolution.
Diversification, especially in ports, terminals, and international markets, offset local agribusiness weakness, with international sales (notably Argentina) up 30% year-over-year and all international units sold featuring embedded technology.
The company expanded its customer base by 13% in 3Q25 and maintained strong customer satisfaction.
Celebrated its 100th anniversary with market recognitions and awards, reinforcing its reputation and governance standards.
Financial highlights
3Q25 net revenue was R$423.3 million, EBITDA R$73.6 million (17.4% margin), and net income R$51.6 million (12.2% margin); 9M25 net revenue was R$1,091.6 million, EBITDA R$164.4 million (15.1% margin), and net income R$91.5 million (8.4% margin).
EBITDA and net income rose sharply from 2Q25 but declined year-over-year; gross margin in 3Q25 was 24.9%, down from 29.9% in 3Q24.
Net cash stood at R$31.1 million, with gross cash of R$363.9 million at quarter-end.
CapEx for 9M25 was R$53.5 million, up 105% year-over-year, focused on modernization, new products, and IT.
R$25 million distributed in dividends and interest on capital in 3Q25; R$95 million paid in 9M25.
Outlook and guidance
Order portfolio ended September slightly below 2024 but showed sequential improvement, with expectations to finish the year above 2024 levels and enter 2026 with higher business volume.
Management expects commodity prices and high interest rates to persist into 2026, with gradual efficiency improvements and a stronger rebound in 2026.
4Q25 is expected to maintain stability and balanced margins, supported by operational maturity and a solid business model.
Agribusiness segment shows signs of gradual recovery, with an upward trend anticipated in the first half of 2026.
Expansion in Argentina led to a 30% increase in sales in 3Q25 compared to 3Q24.
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