A Infracommerce presents the financial results for the first quarter of 2025 (Q1 2025), showcasing the first fruits of its restructuring plan initiated in 2024. The Company reported a positive adjusted EBITDA of R$1.3 million for the period, representing a significant recovery of 102.6% compared to Q1 2024.
Total GMV reached R$3.3 billion in the first quarter, a 4.4% increase compared to the same period last year. Organic gross profit, excluding advance revenues, reached R$52 million and showed a significant improvement of 53.7% compared to Q1 2024, with an 11 percentage point gain in gross margin during the period. Total costs and expenses improved by 30.5% compared to the first quarter of 2024, reaching R$190.5 million.
Total operating costs and expenses declined in Q1 2025. Commercial and administrative expenses decreased by 44%, totaling R$61.8 million, while service expenses were R$132.7 million, equivalent to a 19.2% reduction compared to Q1 2024. This demonstrates significant progress in cost control and a focus on profitability, with strategic actions to improve operating margin and the Company’s operating cash flow.
The performance of EBITDA and EBITDA Margin directly reflects the changes implemented after the board reshuffle, particularly the restructuring plan and the rigorous cost and expense reduction discipline initiated in the second quarter of 2024. Despite a 6.5% decline in net revenue, excluding advance revenue in 2024, which totaled R$184.6 million, Infracommerce demonstrated adaptability, a focus on operational efficiency, and a commitment to financial sustainability.
Another positive highlight was the performance of operations in Latin America (excluding Brazil), which recorded a 10.3% revenue growth compared to Q1 2024, helping to mitigate the effects of exiting costly contracts in the Brazilian market. This strategic move—while rationalizing the client portfolio—strengthens operations in key countries and boosts the group’s profitability.
“We enter the third quarter of our management with the confidence of those who have already witnessed concrete signs of transformation. In just six months, we have accomplished what we set out to do: stabilize the business in Brazil, resume growth, and restore operational efficiency as the foundation for a new expansion cycle,” says Mariano Oriozabala, CEO of Infracommerce.
