Kepler Weber sees revenue and profit drop in Q1

Kepler Weber ended the first quarter of 2025 with a decline in its main financial indicators. Net revenue was R$357,2 million, 6,1% below the R$380,3 million recorded in the previous quarter. Net income fell by half, from R$52,2 million to R$25,6 million, while the EBITDA margin went from 17,8% to 14,8%.

The company attributes its performance to external factors, such as high interest rates, credit restrictions and a drop in rural producers' income due to commodity prices. Nevertheless, it highlights growth in strategic areas, such as Replacement and Services (+28% compared to 1Q24) and International Business (+5,6%).

Sales and new partnerships

In its balance sheet, Kepler reported having closed its largest sale in the last five years, aimed at the biofuels sector, and maintained projections of gradual improvement throughout the second half of the year, supported by expectations of a record harvest and the resumption of income in the countryside.

Another important announcement was the partnership between Procer and XP. The initiative provides financial solutions for approximately 1,5 Procer clients, such as hedging, cash management, insurance, foreign exchange and tax planning, seeking to increase producer profitability.

Among the segments, Replacement and Services had revenue of R$73,1 million, with a 10% increase in business volume and growth in the customer base. International Business reached R$41 million, with a strong presence in South America and expansion in Africa.

The Farms segment, aimed at rural producers, remained stable, with revenue of R$131,7 million and an 18% increase in the customer base served. Agribusiness and Ports and Terminals recorded a decline: drops of 4,9% and 77,2%, respectively, compared to 1Q24.