This article first appeared on GuruFocus .
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Adjusted EBITDA:BRL 66.2 million, representing an EBITDA margin of 17%.
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Consolidated Revenue:BRL 388 million.
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Order Backlog:BRL 750 million, up 15% quarter-over-quarter.
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BW Machines Revenue Growth:Over 45% increase in revenue.
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Net Income:Net margin decreased from 10.8% to 10.4%, with a reduction from BRL 49 million to BRL 40 million in the quarter.
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Gross Margin Improvement:Increased by 1.9 percentage points compared to Q4 2025.
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Net Debt:BRL 135 million, with significant investment funding of BRL 200 million raised in the last quarter.
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BW Machines Order Backlog:Approximately BRL 495 million, up 39% compared to December 2024.
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Warning! GuruFocus has detected 9 Warning Signs with BSP:ROMI3.
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Release Date: February 04, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
Positive Points
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Romi SA ( BSP:ROMI3 ) concluded the year with consistent results, demonstrating resilience in a challenging economic environment.
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The company's consolidated order backlog reached BRL 750 million, marking a 15% increase quarter-over-quarter.
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The BW unit showed significant growth, contributing to predictability for future fiscal years with a robust portfolio of BRL 495 million.
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Romi SA's machine rental business has become increasingly relevant, expanding client relationships and offering better margins.
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The company maintains a strong financial position with a net debt of BRL 135 million and significant investment funding to support growth.
Negative Points
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The casting and machining unit faces pressure, particularly in the wind and automotive sectors, impacting productivity levels.
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The macroeconomic scenario remains cautious, with a slowdown in gross fixed capital formation and industrial production indices.
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The Industrial Entrepreneur Confidence Index has been below 50 points, indicating a less optimistic investment environment.
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Romi SA's shares have underperformed the BOVESPA index over the past two years.
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U.S. tariffs have a significant impact on Romi machines, with exports facing a 50% tariff, affecting competitiveness in the U.S. market.
Q & A Highlights
Q: Did the company get a loan from the Brazil Soberano program? How do you see BW for 2026? A: Yes, the loan was part of the Brazil Soberano program, aimed at supporting the growth of Romi's exports. For 2026, BW has a strong portfolio, including projects extending into 2027. Despite a challenging economic environment, Romi is focusing on new orders and leveraging machine rentals to maintain margins. (Fabio Taiar, Chief Financial and Investor Relations Officer; Luiz Cassiano Rando Rosolen, CEO)
Q: Can you comment on your machine rental business and the new sales of used machines? How do you account for this revenue? A: Machine rental contracts are typically 12-24 months with fixed pricing. After the rental period, machines are refurbished and sold as used, with full Romi guarantees. This segment has grown by nearly 30% in 2025. (Fabio Taiar, Chief Financial and Investor Relations Officer)
Q: What is the impact of U.S. tariffs on Romi's business? A: U.S. tariffs have a significant impact on Romi Machines, with a 50% tariff on exports. Efforts are underway to mitigate this impact, including negotiations to reduce the additional 40% tariff. BW's exports are less affected due to pre-negotiated client agreements. (Fabio Taiar, Chief Financial and Investor Relations Officer)
Q: Can you provide more details about the internationalization of Romi machines? A: Romi's strategy is to produce in Brazil and export globally, focusing on high-end, technologically advanced machines. The company emphasizes R&D and maintaining close client relationships to enhance product quality and innovation. (Luiz Cassiano Rando Rosolen, CEO)
Q: Is there a limit on the company's dividend distribution due to the Brasil Soberano project? A: There is no specific limit of 25% on net income distribution in the contract. While cumulative profit has some restrictions, they are minimal. (Fabio Taiar, Chief Financial and Investor Relations Officer)
For the complete transcript of the earnings call, please refer to the full earnings call transcript .
