Santos Brasil Participações (STBP3), a key Brazilian port operator managing terminals in São Paulo, Pará, and Santa Catarina, introduced a first-quarter web revenue of R$198 million ($35 million), up 34.3% year-on-year, per its Might 13 submitting.
EBITDA jumped 54.4% to R$496 million ($87 million), fueled by container quantity development and value controls, whereas income rose 37% to R$884 million ($155 million).
Debt ballooned to R$2.2 billion ($386 million) by March 2025, a stark improve from R$92 million ($16 million) in early 2024, after a R$2 billion ($351 million) bond issuance.
Leverage hit 1.53x web debt/EBITDA, although executives highlighted long-term debt schedules and plans to trim obligations by way of money circulation. Money reserves totaled R$382 million ($67 million) in opposition to R$2.6 billion ($456 million) in whole debt.
The agency invested R$123 million ($22 million) in Q1, prioritizing upgrades at Tecon Santos and Tecon Vila do Conde. Full-year 2025 capex steering holds at R$700 million ($123 million), aiming to modernize infrastructure amid rising Brazilian commerce.
Container volumes grew 15.1% to 383,890 TEUs, with loaded containers accounting for 76.1% of throughput. Liquid bulk volumes fell 15%, reflecting a 2024 tax-driven import surge.
Shareholders gained R$507 million ($89 million) in 2024 dividends and curiosity, reflecting full revenue distribution. Analysts foresee sustained EPS development, balancing growth and returns.
Dangers loom from world commerce shifts and gasoline storage demand swings, however strategic port upgrades goal to lock in regional commerce benefits. The outcomes reveal a calculated gamble: leveraging debt to fund growth whereas sustaining profitability.
As Brazil’s commerce rebounds, Santos Brasil’s upgraded terminals may strengthen its logistics dominance, supplied debt stays manageable.
