VLI posts record cargo throughput at Tiplam in 2025

VLI, a logistics company that operates railways, ports and terminals, reached a record for cargo throughput in 2025 at the Luiz Antonio Mesquita Integrated Terminal, or Tiplam, its private asset in the Santos region. Over the year, the terminal handled 14.3 million net tonnes, more than 6% above the volume recorded in 2024.

Tiplam is part of VLI’s Southeast Corridor, which links Brazil’s Center-West to the Santos region through the Centro-Atlantica Railway, or FCA, forming a high-efficiency logistics system. The terminal exports cargoes such as fertilizers, grains, including corn, soybeans and meals, and sugar, and also has a pier dedicated to fertilizer imports.

For Marcelo Cardoso, VLI’s operations director for the Southeast Corridor, the result reflects the maturity of the company’s integrated model. “The record reached by Tiplam shows the efficiency of our logistics system and the strength of the integration among rail, terminals and port operations. Private ports play a fundamental role in the development of Brazil’s logistics system, and Tiplam is an example of how investment, operational discipline and customer focus generate consistent gains in productivity and reliability, while also delivering environmental benefits through lower-carbon logistics,” he said.

All of Tiplam’s export flows move by rail, which benefits the environment, since rail emits six times less carbon dioxide per tonne transported than road haulage, and also helps ease local traffic by reducing the number of trucks needed to load cargo at the Port of Santos. One railcar carries the equivalent of three truckloads.

VLI 2025 results

For another year, VLI maintained what it described as a path of sustainable, profitable growth across its business, which moves cargoes tied to some of the main segments of the Brazilian economy, including agribusiness, mining, industry and construction. By the end of 2025, the company recorded 43.5 billion tonne-kilometers of cargo on its rail logistics corridors, up 4% from 2024. At the ports where it operates, VLI shipped 43.9 million tonnes, a 2% increase from 2024.

Its financial indicators pointed to solid performance, with EBITDA of 5.26 billion reais, net revenue of 9.95 billion reais and reported net profit of 1.40 billion reais, up 5.3% from 2024, supported by initiatives to refinance maturing debt, which reduced financial expenses. EBITDA margin reached a record 52.9%, an increase of 0.5 percentage point from 2024.

For the second consecutive year, the company invested about 3.5 billion reais in its own assets and in the concessions under its management, equivalent to 35% of net revenue and 2.5 times the net profit reported for the year.

Source: VLI

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