By Brazil Stock Guide – Intelbras (B3: INTB3), a Brazilian manufacturer of electronic security, communication and energy solutions, reported net revenue of R$1.17 billion in 4Q25, down 9.3% year on year, but delivered net income of R$137.9 million, up 8.2% from 4Q24. The results highlight a deliberate shift toward profitability and capital discipline, even at the cost of short-term top-line contraction. EBITDA totaled R$162.2 million, with the margin expanding sequentially to 13.9%.
Founded in Santa Catarina, Intelbras develops and manufactures a broad portfolio of products including video surveillance systems, alarms, access control. Its business is structured around three core segments: Security, Information and Communication Technology (ICT), and Energy.
Performance across segments was mixed in the quarter. The Security division, the company’s largest business, grew 3.4% year on year, gaining weight in the revenue mix. ICT revenue fell 11.6%, reflecting tighter credit and a stronger focus on higher-margin projects. Energy declined 36.8%, as Intelbras reduced exposure to distributed solar projects in pursuit of better returns on invested capital.
On a full-year basis, 2025 net revenue dropped 6% to R$4.46 billion, while EBITDA fell 15.6% and net income slipped 8.5% to R$483.7 million. Still, operating cash flow reached R$920 million, allowing Intelbras to end the year with R$1.07 billion in cash and maintain a net cash position, even after paying R$300 million in dividends in December.