Santos Brasil posts net income of R$ 231.5 million in the third quarter

Another strong operational and financial performance marked the third quarter of 2025 for Santos Brasil. Net income reached R$231.5 million (+7.1% YoY). Consolidated net revenue totaled R$920.4 million (+20.4% YoY), while EBITDA reached R$500.5 million (+23.2% YoY), surpassing the R$500 million mark in a single quarter for the first time in the company’s history. The EBITDA margin stood at 54.4% (+1.2 p.p. YoY), reflecting operational leverage across terminals.

The consolidated container throughput across the company’s three terminals reached 432,245 units in 3Q25 (+7.2% YoY). Cabotage operations continued to grow strongly, rising 22.1% YoY, while long-haul operations remained stable compared to the same period last year.

Tecon Santos posted 8.0% YoY growth in volumes during the quarter, driven mainly by import gains. Tecon Vila do Conde recorded 8.4% YoY growth, supported by more regular shipping schedules and increased imports, while Tecon Imbituba saw a 7.9% YoY decline.

At Santos Brasil Logística, container storage at bonded logistics centers (CLIAs) increased 16.5% YoY, reflecting higher import volumes and a more diversified cargo profile. The Vehicle Terminal (TEV) maintained its upward trajectory, handling 73,202 vehicles in the quarter (+31.1% YoY), fueled by strong exports of light and heavy vehicles to markets such as Argentina, Colombia, Mexico, and the United States. Liquid bulk terminals handled 211,025 m³ in 3Q25, up 13.9% YoY, following the expansion of operational capacity earlier this year and the diversification of its client base.

The company remains disciplined in its capital allocation, allocating R$118.7 million in 3Q25 to expansion and modernization projects, including investments in more modern, efficient equipment. Santos Brasil’s financial position remains strong, with R$815 million in cash and net debt of R$1.8 billion as of September 30, 2025 — equivalent to a net debt/EBITDA ratio of 1.09x (12-month pro forma).

Source: Santos Brasil 

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