Mills Locacao Servicos E Logistica SA
BOVESPA:MILS3
Mills Locacao Servicos E Logistica SA
Mills Locação, Serviços e Logística SA engages in the provision of infrastructure and construction solutions. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2010-05-20. The firm's activities are divided into two business units: Construction and Rental. The Construction division operates in the heavy construction market and offers construction works and services, including formworks and props, as well as access to non-mechanized equipment, mast climbing platforms and scaffolds for the residential and office building construction sector. The Rental division provides leasing and sale of scissor lifts and telescope handlers for construction, trade and manufacturing markets, among others. The firm operates numerous branches across Brazil.
Mills Locação, Serviços e Logística SA engages in the provision of infrastructure and construction solutions. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2010-05-20. The firm's activities are divided into two business units: Construction and Rental. The Construction division operates in the heavy construction market and offers construction works and services, including formworks and props, as well as access to non-mechanized equipment, mast climbing platforms and scaffolds for the residential and office building construction sector. The Rental division provides leasing and sale of scissor lifts and telescope handlers for construction, trade and manufacturing markets, among others. The firm operates numerous branches across Brazil.
Revenue Growth: Mills reported net revenue of BRL 483 million for Q3 2025, up 15% year-on-year, and BRL 1.3 billion year-to-date, up 18%.
Margin Expansion: Adjusted EBITDA grew 28% to BRL 255 million (53% margin), benefiting from operational improvements and the Next acquisition.
Cash Generation: Strong operating cash flow of BRL 225 million in the quarter, with nearly 100% EBITDA-to-cash conversion.
Next Acquisition: Integration of Next Rental contributed operational and commercial synergies, expanding Mills' asset base and team.
Long-term Contracts: 55% of rental revenue now comes from contracts longer than 12 months, supporting revenue predictability.
Segment Performance: Heavy and Intralogistics segments gained relevance, while the Light segment faced competitive pressure but maintained margins.
Dividend Distribution: Declared BRL 42.5 million in interest on equity to be paid, representing a 63% payout of the quarter's profit.
Debt & Leverage: Net debt/EBITDA at 1.5x, with improved average cost and term of debt following a BRL 500 million debenture issuance.
