Tegma Reports Record 67% Profit Surge in Q4, Showcasing Robust Logistics Performance

According to financial statements released by Tegma Gestão Logística on Monday, the company achieved a remarkable net profit of R$85.1 million ($14.2 million) in the fourth quarter of 2024.

This represents a 66.9% increase compared to the R$51.0 million ($8.5 million) recorded in the same period of 2023. The logistics provider posted a full-year 2024 net profit of R$270.6 million ($45.1 million), jumping 48.8% from R$181.9 million ($30.3 million) in 2023.

Revenue figures showed equally impressive growth. Net revenue for Q4 2024 reached R$624.4 million ($104.1 million), up 37.6% from R$453.8 million ($75.6 million) in Q4 2023.

The company’s annual revenue climbed to R$2.09 billion ($348.3 million), representing a 32% increase over the previous year’s R$1.58 billion ($263.3 million). EBITDA performance reinforced this positive trend.

The company’s Q4 EBITDA grew 70% to R$126.0 million ($21 million) compared to R$74.1 million ($12.4 million) a year earlier. Full-year EBITDA rose 49.1% to R$395.1 million ($65.9 million).

Key Metrics and Financial Strength

Operational metrics revealed the drivers behind these financial gains. Tegma transported 202,000 vehicles in the third quarter of 2024, showing a 19% year-over-year increase. The company captured 25.7% market share, expanding by one percentage point from the previous year.

The average transport distance grew to 1,070 km in Q3 2024, a 2.4% increase from 2023. This combination of higher volume and greater distances contributed significantly to revenue growth.

Tegma maintained a strong financial position with a net cash balance of R$158 million ($26.3 million) as of September 2024. The company’s return on invested capital reached an impressive 34.7% in Q3.

Shareholder returns remained robust, with the company distributing 60% of its Q3 profit as dividends and interest on equity. This payout totaled R$51 million, offering a 10.8% dividend yield over 12 months.

The automotive logistics division continued to drive revenue, benefiting from increased client participation. Meanwhile, the integrated logistics division secured valuable new contracts, including a significant 12-month agreement for transporting and storing Barrilha.

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