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Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to R$20.7 million, a decrease of 45.5% in one year. EBITDA margin was 8.5%, compared to 15.5% in the third quarter of 2024. Adjusted EBITDA decreased by 28.4%, to R$33.9 million, a margin of 13.9%, compared to 19.3% in the previous year.
From July to September, Melnyk launched two projects with a potential overall sales value of R$119.4 million, a decrease of 47%. Contracted sales decreased by 12.2% to R$147.4 million.
There was an operating cash burn of R$60 million, compared to a burn of R$9.7 million in Q3 2024.
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