Log-In Logística Integrada posts record revenue of R$ 739.2 million in Q2

Log-In Logística Integrada, a logistics solutions group engaged in port operations, road transport, and coastal, Mercosur, and feeder shipping services, released its financial and operational results for the second quarter of 2025 on Wednesday (August 6).

The quarter marked the company’s highest-ever Net Operating Revenue (NOR) for a second quarter, reaching R$739.2 million — an 8.0% increase year-over-year. Consolidated adjusted EBITDA was R$181.3 million, up 21.2% from the same period last year and setting a new company record. Net profit totaled R$25.1 million for the quarter, up 237.4% compared to Q2 2024.

The performance was driven primarily by the Coastal Shipping business unit, which posted record revenue, as well as improved operating margins, notably in feeder services. Operating expenses fell, and efficiency gains were recorded across other business units.

According to Pascoal Gomes, CFO and Investor Relations Officer at Log-In, the results highlight the resilience of the company’s business model and the consistency of its strategic execution. “This was a quarter marked by significant revenue and EBITDA growth, with cost control and strong operational performance. We continue to execute our long-term plan with discipline, focusing on efficiency and tailored service delivery for each customer,” Gomes said.

Coastal Shipping

The Coastal Shipping unit posted a NOR of R$487.6 million in Q2, a 16.6% increase versus Q2 2024. Feeder services stood out, generating R$211.9 million in revenue — the highest for a second quarter and a 63.7% year-over-year increase. The performance reflected stronger demand for feeder services along more profitable routes, despite a volume drop following the discontinuation of the Shuttle Navegantes service in April 2025.

In the Mercosur trade, both revenue and import volumes grew. In cabotage, the company reached a record volume of 57,100 TEUs, a result of operational recovery after logistical bottlenecks in 2024 and the expansion of the fleet serving the Express Amazon Service (SEA). Adjusted EBITDA for Coastal Shipping totaled R$131 million, representing a 26.9% margin, an increase of 2.1 percentage points year-over-year.

According to Marcus Voloch, Vice President of Coastal Shipping at Log-In, the quarter’s performance marks a major turnaround after last year’s logistical challenges. “The strong performance in shipping reflects the increased reliability of our routes and logistics network, along with a thorough review of our commercial portfolio. The SEA expansion has enhanced our presence in Manaus and strengthened our door-to-door model with greater predictability and competitiveness,” he said.

The Integrated Solutions unit remained stable in the quarter, with NOR of R$16.4 million and EBITDA of R$8 million. The unit closed the quarter with 100% customer retention and a Net Promoter Score (NPS) in the Quality Zone. In addition to maintaining its client base, the unit launched new customized projects in strategic regions, expanding Log-In’s integrated presence.

Vila Velha Port Terminal (TVV)

The Vila Velha Port Terminal ended the quarter with NOR of R$ 99.1 million, a 3.5% drop versus Q2 2024. Despite the decline, the terminal set two significant operational records: its highest-ever bulk cargo volume for a second quarter (129,900 tonnes) and highest monthly container throughput (25,400 boxes in June).

General cargo volumes rose 11% in the period, driven by growth in bulk cargo and vehicles, which increased 39.6%. Adjusted EBITDA was R$41.1 million, down 8.1% year-over-year. The revenue decline reflected a lower share of high-value cargo in the mix, the coffee off-season, and an increase in empty container handling.

According to Gustavo Paixão, Director of Terminals at Log-In, TVV is entering a new recovery phase after recent modernization investments. “We’ve completed an important modernization cycle and are now in full recovery, with measurable operational gains. In addition, the new area at the Port of Vitória — expected to begin operations by the end of Q3 2025 — will expand our service capacity and reinforce our position as a strategic, multipurpose terminal in Southeast Brazil,” he said.

Road Freight Transport

The road freight segment, operated under the Tecmar Transporte & Logística and Tecmar Norte brands, is undergoing a restructuring effort aimed at enhancing productivity and efficiency. NOR was R$136.1 million, down 7.3% from Q2 2024, reflecting lower volumes in Less Than Truckload (LTL) and Full Truckload (FTL) services. However, operational and commercial indicators improved. Service levels increased by 7% from Q2 2024, and the customer base expanded by 9.2%.

Maurício Alvarenga, Executive Director at Tecmar, said the progress demonstrates the effectiveness of the ongoing turnaround strategy. “Our restructuring strategy is advancing steadily. The improvements in service quality and customer expansion show that we’re rebuilding our road operations with focus and efficiency,” he said.

ESG

On the ESG front, Log-In was re-certified by Great Place to Work (GPTW) Brazil and, for the first time, earned the “psychological safety” seal. Another key development was the company’s commitment to the Ministry of Ports and Airports’ Sustainability Pact — an initiative that aligns companies with environmental, social, and governance practices. In addition, the company’s flagship social program, Comunidade a Bordo, marked its third anniversary, solidifying its role in supporting port communities.

Source: Log-In Logística

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