Mills Locacao Servicos E Logistica SA
BOVESPA:MILS3

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Mills Locacao Servicos E Logistica SA Logo
Mills Locacao Servicos E Logistica SA
BOVESPA:MILS3
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Price: 14.36 BRL 0.98% Market Closed
Market Cap: 3.4B BRL

Mills Locacao Servicos E Logistica SA
Investor Relations

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 12, 2025
AI Summary
Q3 2025

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.

Key Financials
Net Revenue
BRL 483 million
Net Revenue (YTD)
BRL 1.3 billion
Adjusted EBITDA
BRL 255 million
Adjusted EBITDA Margin
53%
Cash Net Income
BRL 118 million
Cash Net Income (YTD)
BRL 363 million
Cash Net Income Margin
24%
Cash Net Income Margin (YTD)
27%
Interest on Equity Distribution
BRL 42.5 million
Interest on Equity Payout
63%
Adjusted Operating Cash Flow
BRL 224 million
Operating Cash Flow
BRL 225 million
Net Debt to Adjusted EBITDA
1.5x
Gross Debt
BRL 2.2 billion
Cash Position
BRL 913 million
Average Debt Maturity
3.6 years
Average Cost of Debt
CDI + 1.28%
Rental Business Net Revenue
BRL 395 million
Rental Business Adjusted EBITDA
BRL 191 million
Rental Business EBITDA Margin
48%
Formwork & Shoring Net Revenue
BRL 88 million
Formwork & Shoring Adjusted EBITDA
BRL 64 million
Formwork & Shoring EBITDA Margin
73%
Other Earnings Calls

Management

Mr. Sergio Kariya
Chairman of Management Board, President & CEO
No Bio Available
Ms. Caroline Pepe Leonard
Financial & IR Director
No Bio Available
Mr. Ricardo De Araujo Gusmao
Officer of Heavy Construction Division & Member of Board of Executive Officers
No Bio Available
Mr. Daniel Brugioni
Member of the Board of Executive Officers
No Bio Available
Mr. Eduardo Lema
Member of Board of Executive Officers
No Bio Available

Contacts

Address
RIO DE JANEIRO
Rio de Janeiro
Estrada do Guerengue, 1381, Taquara
Contacts
+552139248700
www.mills.com.br