Hidrovias do Brasil SA
BOVESPA:HBSA3
Hidrovias do Brasil SA
Hidrovias do Brasil SA engages in the provision of waterway logistics services. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2020-09-25. The firm's business purpose consists of waterway, road and multimodal logistics and infrastructure activities, in Brazil and abroad and ownership interest in companies that carry out similar activities. The firm also transport goods, builds and explores ports, cargo terminals, dockyards, workshops and warehouses, provides logistic services, navigates through river and sea and storage of goods, among others.
Hidrovias do Brasil SA engages in the provision of waterway logistics services. The company is headquartered in Sao Paulo, Sao Paulo. The company went IPO on 2020-09-25. The firm's business purpose consists of waterway, road and multimodal logistics and infrastructure activities, in Brazil and abroad and ownership interest in companies that carry out similar activities. The firm also transport goods, builds and explores ports, cargo terminals, dockyards, workshops and warehouses, provides logistic services, navigates through river and sea and storage of goods, among others.
Strong Results: The third quarter was marked by strong results, mainly due to improved navigation conditions in the southern corridor and tariff adjustments in the North.
Record Iron Ore Volumes: Iron ore volumes in the Paraná-Paraguay Waterway reached the highest levels in the company’s history, driving a solid recovery.
Financial Performance: Recurring adjusted EBITDA for the first nine months of '25 totaled BRL 965 million, with a margin of 49%, up 10 percentage points from last year.
Revenue Growth: Net operating revenue reached BRL 2 billion year-to-date, a 32% increase versus the same period last year.
Leverage Reduction: Net debt to EBITDA fell to 2.9x, reflecting stronger operations and higher cash following a capital increase.
Coastal Shipping Sale: The sale of the coastal shipping operation was completed and will no longer affect results from Q4 onwards.
Guidance & Outlook: Q4 is expected to be seasonally weaker due to lower water levels, but volumes should still exceed 2024 levels in most operations.
