Log-In Logística Integrada Reports Revenue of BRL 683.8 Million in Q1 2025

Log-In Logística Integrada, a provider of integrated logistics solutions, released its financial and operational results for the first quarter of 2025 (Q1 2025) on Wednesday, May 14. Highlights include the highest volume of containers transported in coastal shipping for a first quarter, a historic revenue record in the Feeder service, and significant growth in the company’s Net Income.

Net Operating Revenue (NOR) reached BRL 683.8 million in the quarter, representing a 10.4% increase compared to the same period in 2024. This strong performance was mainly driven by Coastal Shipping, which totaled BRL 462 million—up 20.6%—boosted by the Feeder service, which hit a record revenue of BRL 221.1 million, and by the recovery of economic activity in Argentina, which benefited operations within Mercosur. Adjusted EBITDA totaled BRL 153.1 million, a 6.8% increase. The company’s Net Income was BRL 26.5 million, a 219.3% rise compared to Q1 2024.

According to Log-In’s CFO and Investor Relations Officer, Pascoal Gomes, the results for the first quarter reflect the consistency of the company’s strategy, even in a challenging environment. “We delivered consolidated growth in Revenue and EBITDA, driven by Shipping, which stood out due to the increase in feeder volumes. The expansion of services and fleet modernization has enabled us to seize opportunities and offer increasingly comprehensive and sustainable solutions to our customers,” said Gomes.

Coastal Shipping

Coastal Shipping showed strong growth in Q1, particularly in total volume transported, which reached 194.1 thousand TEUs—up 24.6% compared to Q1 2024. The Feeder service led this growth with 140.9 thousand TEUs, a 48.8% increase, supported by the Shuttle Navegantes (SSN) service, created in response to market demand and integrated into the portfolio in Q2 2024.

In the Mercosur market, revenue grew by 37% and volume increased by 17%, driven by the stronger dollar and Argentina’s economic recovery. In contrast, Cabotage experienced a 17.6% decline in transported volume due to a more competitive landscape.

Vila Velha Port Terminal (TVV)

TVV’s net operating revenue was BRL 88.1 million, which is in line with the previous year’s revenue, with a slight increase in container and ancillary services revenue. In terms of volumes handled, the terminal saw a relative decline, moving 50.5 thousand containers and 102.6 thousand tons of general cargo, down 10% and 20%, respectively, compared to last year. Q1 2024 marked a historical record for container volume. The decrease observed in Q1 2025 is linked to the seasonality of the coffee harvest and lower imports of electric vehicles (in container handling); reduced demand from key consumer markets such as the U.S.; seasonal project activity; and the impact of the retrofit project, completed in September 2024, which caused temporary cargo loss still in recovery in general cargo operations. Still, Q1 2025 container volumes represent the second-highest level ever recorded for the period at TVV.

On the other hand, operational productivity at the terminal rose by 48%, and the NPS reached its best level since 2022, reflecting improvements following the retrofit’s completion. Another strategic milestone was signing a lease agreement for a new 70,000 m² area at the Port of Vitória, expanding the terminal’s capacity.

According to Gustavo Paixão, Log-In’s Terminal Director, the terminal is in a recovery phase and commercial restructuring following the retrofit. “We’ve concluded an important stage with the modernization of the ship-to-shore cranes, which is already translating into gains in productivity and reliability. Our current focus is on winning back cargo volumes affected by the temporary limitations during the works. Moreover, the new area at the Port of Vitória reinforces our commitment to expanding TVV’s capacity with the right infrastructure to meet future market demands, both in Espírito Santo and nationwide,” said Paixão.

Road Cargo Transport

The road transport segment, operated by the Tecmar Transporte & Logística and Tecmar Norte brands, remains in a restructuring process. Net Operating Revenue totaled BRL 122.4 million, a 7.7% decline compared to Q1 2024, reflecting the company’s repositioning in the less-than-truckload segment, which was impacted by a more competitive market. On the other hand, container transport operated at full capacity in the three main ports (Santos, Itajaí, and Suape), and warehouse operations showed growth. A further highlight was the 40% reduction in road incidents, even with increased vehicles at the ports of Santos, Navegantes, and Suape.

ESG

Log-In’s ESG agenda made significant progress during the quarter. On the environmental front, the fleet became 17% more fuel-efficient (tons/ship), and the company earned a B score in the Carbon Disclosure Project (CDP). Initiatives included the “Valuing Water is Valuing Life” campaign at TVV and the “Community On Board” project in partnership with Instituto Social Esperança.

On the social front, highlights included new internship program classes, gender equity initiatives such as the ELLAS program, and actions with the “Mulheres da Ilha” community. In governance, integrating Tecmar Norte into Tecmar’s SAP system was completed, reinforcing standardization and efficiency in internal controls.

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