Usiminas actions fall into reaction to the balance of the first quarter of 2025 (Image: Reuters/Alexandre Mota)
The profit of the first quarter of 2025 of the Usiminas (Usim5), more than 9 times higher than registered in the same period in 2024, it was not enough to guarantee a rise in the trading session on Thursday (24).
Around 12:05 pm (Brasília time), the shares retreated 5.60%, to R $ 5.74, in reaction to the balance disclosed this morning. Follow the real time.
The mining company reported a net profit of R $ 337 million, an 845% jump in the annual comparison. The figure came above the expectation of the market, which was waiting for a profit of $ 200 million, according to consensus gathered by Bloomberg.
THE EBITDA (profit before interest, taxes, depreciation and amortization) Adjusted by the company, which measures operational performance, added $ 733 million in the period, a 76% increase over R $ 416 million reported in 1T24.
Usiminas states that the result reflects a continuity of the positive trajectory of the fourth quarter of 2024 and expectations for the second quarter of this year is stability.
Company sees uncertain scenario
For the second half of 2025, the company See a challenging and uncertain scenariomainly due to the high volumes of steel import in conditions considered unfair by the company, in addition to the impact on domestic consumption of the high level of interest rate and uncertainty in international trade.
In the view of XP Investmentsthe results reported are solid, with EBITDA reflecting slightly higher prices and lower costs in the steel division.
Overall, analysts Lucas Laghi, Guilherme Nippes and Fernanda Urbano, see the balance and positive cost implications for the second quarter of 2025 helping to mitigate the risks of macroeconomic deceleration in the second half of the year, mainly due to an environment of high interest rates in Brazil.
“That said, the increase in the penetration of plane steel imports remains a negative risk for plane steel prices going forward,” they say.
THE Santander It evaluates that Usiminas presented stronger quarterly results, driven by higher volumes of sales in both its divisions, partially compensated for an increase in CPV (cost of products sold), due to higher sales volumes in the domestic steel market, and lower discounts and higher exports in mining.
The bank’s recommendation for Usiminas is neutral, with target price of $ 7.50.
Other numbers of the 1T25 of the Usiminas
THE EBITDA MARGIN ADJUSTED From the company was 11% from January to March, an increase of 4 percentage points in the annual comparison.
Already the net revenue Totalized R $ 6.8 billion in the first quarter of 2025, a 10% increase in the same period in 2024.
THE Steel sales volume It was 1.09 million tons, a 3% advance in the quarterly base and 5% on the annual base.
Already the Volume of ore sales Usiminas totaled R $ 2.2 million, a 13% increase in AO and 1% compared to the last quarter.
Source: Moneytimes
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