Orizon Valorizacao de Residuos SA
BOVESPA:ORVR3
Orizon Valorizacao de Residuos SA
Orizon Valorizacao de Residuos SA operates as a holding company whose subsidiaries provides hazardous and non-hazardous waste treatment & disposal services and operates landfills for non-hazardous waste. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2021-02-17. The Company’s activities are divided into four segments: Final disposal of solid waste; Energy, biogas and reduced emissions certificates; Waste processing; and Environmental engineering. Through the Final disposal of solid waste segment, the Firm manages waste treatment and disposal plants. The Energy, biogas and reduced emissions certificates segment is focused on the development of bioenergetic plants for sourcing and treating gases from decomposition of waste and is also responsible for trading carbon credits on the free market. The Waste processing segment develops plants for the processing of industry materials, for the recycling of solid urban waste and for the direct burning of waste for power generation. The Environmental engineering segment provides services of the recovery of degraded areas, environmental remediation and monitoring, among others.
Orizon Valorizacao de Residuos SA operates as a holding company whose subsidiaries provides hazardous and non-hazardous waste treatment & disposal services and operates landfills for non-hazardous waste. The company is headquartered in Rio De Janeiro, Rio De Janeiro. The company went IPO on 2021-02-17. The Company’s activities are divided into four segments: Final disposal of solid waste; Energy, biogas and reduced emissions certificates; Waste processing; and Environmental engineering. Through the Final disposal of solid waste segment, the Firm manages waste treatment and disposal plants. The Energy, biogas and reduced emissions certificates segment is focused on the development of bioenergetic plants for sourcing and treating gases from decomposition of waste and is also responsible for trading carbon credits on the free market. The Waste processing segment develops plants for the processing of industry materials, for the recycling of solid urban waste and for the direct burning of waste for power generation. The Environmental engineering segment provides services of the recovery of degraded areas, environmental remediation and monitoring, among others.
Revenue Growth: Orizon reported net revenue of BRL 281 million in Q3, representing 12.8% year-on-year growth, despite lower carbon credit revenue compared to last year.
EBITDA and Margins: EBITDA reached BRL 131 million for the quarter, on track for BRL 520 million annually before biomethane ramp-up, with margins impacted by lower carbon credit sales versus a strong comparator in Q3 last year.
Biomethane Milestone: The Jaboatão biomethane plant began operations after regulatory clearance, with full production and financial impact expected from December and further ramping in 2026.
Carbon Credits: Carbon credit sales contributed BRL 14 million in revenue for the quarter, with recurring sales now established and prominent clients such as Google and Volkswagen highlighted.
Strong Capital Structure: Orizon reduced debt costs from CDI +3.8% to CDI +1.45% per year, extended the average debt term above 6.5 years, and prepaid BRL 250 million in debt, maintaining a robust cash position above BRL 1 billion.
M&A and Expansion: The company acquired the Oeste Paulista Ecopark and expects further acquisitions and plant developments in Q4 2025 and Q1 2026.
Guidance: Management expects continued growth in waste volumes and prices above inflation for coming quarters, with biomethane and carbon credits contributing increasingly to results.
