Log-In Logística Integrada posts net operating revenue of R$680.1 million in first quarter of 2026

Log-In Logística Integrada ended the first quarter of 2026 with net operating revenue of R$680.1 million, broadly in line with the same period in 2025. Adjusted EBITDA totaled R$106.6 million, with a margin of 15.7%.

The quarter was marked by operational records in two of the company’s three business units. In Coastal Shipping, cabotage posted the highest volume ever transported in a first quarter, while Vila Velha Port Terminal (TVV) recorded its highest revenue and EBITDA for the first three months of the year. Tecmar Transporte & Logística continued to advance its turnaround plan, improving financial results and posting growth in net operating revenue, reinforcing integration between the business units and the company’s strategy of offering complete and integrated logistics solutions.

According to Log-In President Marcus Voloch, the period’s performance confirms the company’s operational consistency.

“We ended the first quarter with important progress on strategic fronts. Cabotage reached its highest volume ever for a first quarter, TVV posted significant growth in revenue and EBITDA, and Tecmar returned to revenue and EBITDA growth as a result of the continued restructuring plan. These results show the evolution of our integrated model and support the continuation of our growth trajectory, even in a more competitive and challenging market environment,” he said.

Coastal Shipping and Integrated Solutions

Coastal Shipping ended the quarter with net operating revenue of R$445.4 million and adjusted EBITDA of R$66.9 million. Cabotage posted the highest volume ever transported in a first quarter, supported by an expanded customer base, improved service levels and greater capacity on strategic routes. Mercosur operations also advanced during the period, benefiting from stronger exports from Argentina.

The feeder segment recorded lower volumes due to the end of the Shuttle Navegantes service (SSN) in April 2025. The service had been created in response to a specific demand identified by the market. The period was also affected by the depreciation of the dollar, which weighed on revenues indexed to the foreign currency.

The unit also reached 98% schedule adherence in shipping services, reflecting the reorganization of the operating network and the reallocation of capacity to corridors with stronger demand. Operational efficiency gains also helped offset pressure from variable costs caused by higher volumes handled.

According to Voloch, cabotage continues to grow consistently within the company.

“We moved the highest volume in our history in cabotage for a first quarter, with 98% schedule adherence. This is an important indicator for our customers, who need predictability in the logistics chain. The reorganization of the network and the reallocation of capacity translated into higher volumes handled, as well as greater operational efficiency. Cabotage plays an increasingly relevant role in the country’s transport matrix, and that is why we want to continue on this expansion path,” he said.

Vila Velha Port Terminal

Vila Velha Port Terminal recorded its highest net operating revenue and EBITDA ever for a first quarter in 1Q26, totaling R$106.6 million and R$47.6 million, respectively, with an EBITDA margin of 44.6%. The result was driven by a 135.4% increase in general cargo handling volumes, supported by segments linked to crop shipments and by higher use of terminal capacity. The recovery of operating capacity also contributed to growth in storage and ancillary service revenues, with a more profitable cargo mix.

As a subsequent event after the quarter, on April 30, 2026, Brazil’s Federal Revenue Service granted customs-bonded status to the Penedo Back Area, a new TVV area of approximately 65,000 square meters, equivalent to 60% of the terminal’s total area. The Penedo Back Area begins operations in May to serve growing demand for container, granite, steel product and fertilizer imports and exports.

According to Log-In Terminals Director Gustavo Paixão, TVV’s performance reflects the maturity of the terminal modernization project.

“The positive results reflect the investment cycle recently carried out, which totaled around R$205 million and was directed toward technological upgrades, equipment modernization and area expansion. In addition, the customs bonding of the Penedo Back Area significantly expands our capacity and opens new commercial fronts, reinforcing the competitiveness of the terminal and of the state of Espírito Santo,” he said.

Road freight transport

The first quarter of 2026 was marked by the continued turnaround process at Tecmar Transporte & Logística and by the implementation of its strategy to become a multimodal operator, with a focus on business diversification. The unit ended the quarter with net operating revenue of R$128.1 million, up 4.7% from 1Q25, and adjusted EBITDA of R$2.7 million.

The result reflects improvements in cost management processes and progress in the restructuring plan for the less-than-truckload, or LTL, business, Tecmar’s area of expertise, with a better cargo mix and improved profitability. Tecmar Norte, formerly Oliva Pinto, expanded its container storage capacity with the start of operations at a new area during the quarter, contributing to revenue growth through storage services for import cargo in Brazil’s North region. Operational integration between units also advanced, with growth in road-cabotage volumes and stronger commercial and operating synergies with Coastal Shipping.

According to Voloch, Tecmar is going through a phase of strategic adjustments that is already producing results.

“We are improving processes, optimizing routes and expanding integration between road transport and cabotage. Revenue growth and the return to positive adjusted EBITDA confirm that we are on the right path to capture synergies, reduce costs and strengthen business efficiency,” he said.

ESG agenda

Log-In continued to advance its ESG agenda in the first quarter of 2026. The agenda has been consolidated since 2020 and is guided by the concept of double materiality, which considers both the social and environmental impacts of operations and the risks and opportunities these factors represent for the business. The initiatives are part of the company’s ESG roadmap, developed with leadership and disseminated across all units.

On the environmental front, the company completed its greenhouse gas inventory for 2025, reinforcing its commitment to climate transparency and monitoring the carbon footprint of its operations. Tecmar advanced the structuring of its Solid Waste Management Program, while TVV and Tecmar Norte obtained recertification under ISO 9001 and ISO 14001 standards, expanding the group’s quality and environmental management systems coverage.

On the social front, Log-In was recognized with the Child-Friendly Company Seal, granted by the Abrinq Foundation, in recognition of actions developed through TVV’s Comunidade a Bordo program.

According to Log-In People, Management & Culture Director Andréa Simões, the recognitions received during the quarter reinforce the company’s commitment to responsible and transparent practices.

“We continue to advance structured initiatives that connect sustainability, governance and people development. The Child-Friendly Company Seal, the completion of the GHG Inventory and the new certifications achieved demonstrate the consistency of our agenda and its role in the evolution of the business,” she said.

Source: Log-In Logística

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