Brazil’s Vibra EBITDA Doubles as Fuel Margins Recover

2026-03-12 - 11:13

3 Key Points —Adjusted EBITDA doubled year-on-year to R$2.62 billion ($507M) in 4Q25 — far above the R$1.83 billion LSEG consensus — as distribution volumes hit a 12-quarter high of 9.5 million m3 and commercial margins recovered from inventory losses earlier in 2025. —Net income rose 33.1% to R$679 million ($131M), with adjusted profit growing